Exxonmobil News

Three Greek-managed oil tankers were hit by unidentified drones in the Black Sea on Tuesday as they were on their way to load crude at a terminal on Russia's coast, sources told Reuters.The attacks come as Kazakhstan's oil production, most of which is exported via the terminal, cratered in early January.It was not immediately clear who was behind Tuesday's strikes. Ukraine did not immediately comment. The Caspian Pipeline Consortium, which operates the terminal where the tankers were due to take on board cargoes…

The bp Board has appointed Meg O’Neill as bp’s next CEO effective April 1, 2026.Murray Auchincloss is stepping down from his position as CEO and director of the Board, effective December 18. Carol Howle, current executive vice president, supply, trading & shipping of bp, will serve as interim CEO.O'Neill is the first CEO to be appointed by BP from outside of the company and the first female to lead any of the top five oil companies in the world. The company began a major shift in strategy earlier this year.

French offshore services provider Bourbon has signed a five-year contract, with extension options, with ExxonMobil Guyana (EMGL) to provide maritime services in Guyana.It will start in the first quarter of 2026, with the commissioning of the large platform supply vessel (PSV) Bourbon Calm and covers the transport of products essential to offshore operations in one of the world's most dynamic oil basins.The discovery of oil fields in 2015 has made Guyana one of the fastest-growing offshore operations…

Crude oil production in the United States is booming, reports Poten & Partners in its weekly opinion.According to the U.S. Energy Information Administration, U.S. Field Production of Crude Oil reached 13.8 Million barrels per day (Mb/d) in September 2025, a remarkable recovery since bottoming out in 2008 below 5 Mb/d.The shale oil boom was primarily responsible for this turnaround. The decision to allow crude oil exports from the U.S. at the end of 2015 also contributed, because it made U.S. crude accessible to the international market. This export access converged U.S.

Sercel announced the award of a five-year technical support and maintenance contract by ExxonMobil Guyana Ltd. for the Marlin Vessel Tracking and Alerts (VTA) software solution, delivered to the client in 2024. Sercel will provide comprehensive technical support, system maintenance, and ongoing software enhancements for the Marlin VTA solution currently being deployed by the client to enhance operational safety and increase situational awareness of vessel movements offshore Guyana.

Executives at two of Europe's top gas suppliers, ExxonMobil and QatarEnergy, on Monday warned they could stop doing business with the European Union if it does not significantly loosen a sustainability law that could impose fines of 5% of their global revenue.Exxon CEO Darren Woods told Reuters on the sidelines of the ADIPEC meeting in Abu Dhabi that the EU's Corporate Sustainability Due Diligence Directive would have "disastrous consequences" if adopted in its current form.The…

On the afternoon of March 8, a petroleum tanker named Torm Agnes entered the Port of Ensenada on Mexico’s Pacific coast carrying almost 120,000 barrels of diesel.Such a vessel was a rare sight in that port, which mainly hosts cruise liners, luxury yachts and container ships. Ensenada lacks the infrastructure needed to unload cargos of flammable hydrocarbons safely – making what happened later that day odder still.Waves of fuel-hauling trucks rolled up to the dock to cart away much of the Torm Agnes’ load.

ExxonMobil is entering the LNG marine bunkering market, initially with two LNG bunker vessels, marking an important step in its efforts to help reduce greenhouse gas (GHG) emissions from the maritime sector.The first vessel, chartered from Avenir LNG, is scheduled for delivery in the first quarter of 2027, followed by a second vessel from Evalend Shipping in the fourth quarter of 2027.ExxonMobil is actively developing complementary supply solutions.ExxonMobil plans to expand its…

The Dutch-flagged cargo ship Minervagracht was ablaze and adrift in the Gulf of Aden on Tuesday, a day after being hit by an explosive device, its operator and the EU maritime mission Aspides said.Yemen's Houthi militants claimed responsibility on Wednesday for the attack, saying it was carried out by a cruise missile.The strike injured two sailors and forced a helicopter evacuation of the ship's 19 crew members, according to the EU maritime mission Aspides and the vessel's operator.Amsterdam…

Several news items this week highlight the potential consequences of uncertainty in the energy market.Fugro scrapped its annual outlook and announced further job cuts, citing an impact from project delays. The company said that projects in the offshore wind and oil and gas markets would be delayed into 2026 and their scope cut back, resulting in an estimated 100 million euros ($117.5 million) impact on its revenue."The previously anticipated 20% revenue growth is no longer realistic…

The Panama Canal Authority (ACP) has launched the concessionaire selection process for a natural gas pipeline project, holding its first market engagement event with more than 45 representatives from global energy companies.The 76-kilometre pipeline, with a planned transfer capacity of up to 2.5 million barrels per day, will connect maritime terminals on the Atlantic and Pacific coasts. It forms the cornerstone of a new interoceanic energy corridor designed to strengthen Panama’s…

French offshore services provider Bourbon has signed a five-year charter contract with ExxonMobil to supply new 34-meter crewboats for oil and gas personnel transfers offshore Angola.The vessels will operate between Soyo and Block 15, about 80 miles offshore, and are designed to improve passenger capacity, comfort, and energy efficiency compared with the current 32-meter fleet.Delivery of the new units, designed by French naval engineering firm MAURIC, is scheduled for 2027.The crewboats will feature seating for 60 passengers…

Saipem reports it has successfully completed its designated scope of work for the development of the Yellowtail field, operated by ExxonMobil Guyana Ltd., locatedin approximately 1,800m of water within the Stabroek Block offshore Guyana.Awarded the contract in 2022, Saipem undertook the Engineering, Procurement, Construction, and Installation (EPCI) of the Subsea Umbilical, Riser, andFlowline (SURF) system for the Yellowtail field. The FDS2 J-lay vessel, one of Saipem’s flagship assets, executed the installation of the rigid flowline and steel lazy wave risers in an early 2024 campaign.

Chevron will proceed with its $53 billion acquisition of Hess, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.Shares of Chevron were up 3.6% in premarket trading, with Hess gaining nearly 7.4%. Exxon shares were up 0.3%.CNBC first reported the arbitration outcome. An Exxon Mobil spokesperson confirmed to Reuters that Chevron prevailed in the mediation over Guyana oil assets.Chevron and Hess…

An exploration drill by ExxonMobil offshore Cyprus has failed to find commercial quantities of natural gas, the island's energy ministry said on Monday.Drilling operations had been completed at the Elektra-1 well in Block 5 of the exclusive economic zone (EEZ) of Cyprus, it said."Well data and preliminary evaluation work indicate the presence of natural gas in non-commercial quantities," the Ministry of Energy, Commerce and Industry said.ExxonMobil executives had previously described the prospect, based on seismic data assessments, as promising.The drill was conducted by a consortium of ExxonM

U.S. Secretary of State warned Venezuela on Thursday that it would be "a very bad day" for the South American country if it were to attack its neighbor Guyana or U.S.-based energy giant ExxonMobil, in comments that threatened unspecified action in such a case.Caracas condemned Rubio's remarks, made during a visit to Guyana's capital.Guyana and Venezuela are locked in a long-running dispute about which country has rights over the 160,000-square-km (62,000-square-mile) Esequibo area…

Chevron has expressed an interest in hydrocarbon exploration off the island of Crete in the Mediterranean Sea, the second such expression for Greek energy by the U.S. oil producer this year, the Greek energy ministry said on Wednesday.Greece has accepted Chevron's interest for two blocks south of Crete and will soon decide on the coordinates and on launching an international tender for the areas, which border two licensed blocks where an ExxonMobil-led consortium has been evaluating seismic data…

The Department of Energy approved an LNG export permit extension for Golden Pass LNG Terminal LLC, marking yet another step toward meeting President Trump’s and Secretary Wright’s commitment to unleash American energy dominance and restore regular order to liquefied natural gas (LNG) export reviews. The approval will grant additional time to begin LNG exports from the Golden Pass LNG Terminal, currently under construction in Sabine Pass, Texas. “Exporting U.S. LNG supports American jobs, bolsters our national security and strengthens America’s position as a world energy leader.

Oil and gas traders are likely to seek waivers from Beijing over tariffs that the Chinese government plans to impose on U.S. crude and liquefied natural gas (LNG) imports from February 10, trade sources said on Thursday.Shortly after tariffs on China imposed by U.S. President Donald Trump took effect on Tuesday, China's Finance Ministry said it would impose levies of 15% on imports of U.S. coal and LNG and 10% for crude oil as well as on farm equipment and some autos, starting on February 10.Four tankers, carrying 6 million barrels of U.S.

A few choice 'news of note' from other leading new sources around the globe - January 6, 2025.2025 Target: $18.5B in Shipbuilding OrdersAccording to Business Korea, HD Korea Shipbuilding & Offshore Engineering set its shipbuilding target for 2025 at $18.5B, a mammoth jump from last year's $13.5B target. Of the $18.5B, $9.7 is targeted to HD Hyundai Heavy Industries; $3.8B for HD Hyundai Mipo; and $4.5B for HD Hyundai Samho.In the Navy [Business]In related but separate news from the South Korean shipbuidling sector…

This week at MarineLink…A group of people met at the University of Alaska Fairbanks at the end of October to brainstorm a possible new economy for Alaska and a clean energy source for the world: geologic hydrogen.It’s not that new a concept. Villagers in Bourakébougou, Mali, found a source of geologic hydrogen while unplugging an old water well in 2011. Subsequent scientific research confirmed an extensive hydrogen field in the strata below, and it is now used to generate electricity for the village.Other natural hydrogen deposits have been found in Canada…

Hapag-Lloyd’s vessel Colorado Express has bunkered a B25 bio marine fuel blend comprised of ExxonMobil’s bio fuel, which is able to deliver an estimated 20.1% greenhouse gas well-to-wake reduction compared with conventional marine fuel formulations on an energy basis.ExxonMobil’s Premium HDME 50 fuel consists 0.10% sulphur Emission Control Area (ECA) fuel, and waste-based fatty acid methyl esters (FAME) derived from used cooking oil methyl ester (UCOME).The ‘drop-in’ blend met the requirements of ISO 8217:2017…

GTT, the technology expert in membrane containment systems for the transport and storage of liquefied gases, has signed a service contract with Coral FLNG for Eni-operated Coral Sul FLNG unit.Under the agreement, GTT will provide technical support services to ensure the efficient operation and maintenance of the LNG storage tanks on board of the Coral Sul FLNG.These services include on-site and remote technical assistance, on-site testing, inspection, emergency assistance, engineering…