Friday, 4 April 2025

Focus on ExxonMobil

FILE PHOTO: Vessels carrying supplies for an offshore oil platform operated by Exxon Mobil are seen at the Guyana Shore Base Inc wharf on the Demerara River, south of Georgetown, Guyana January 23, 2020. REUTERS/Luc Cohen/File Photo
BusinessFuelNewsOilTrade

Guyana oil exports jump, gain Europe market share in 2024

Guyana's oil gains favor in Europe as many refiners avoid sanctioned Russian crude and seek alternative supplies.    

File - A sign marks the entrance to an ExxonMobil fuel storage and distribution facility in Irving, Texas, Jan. 25, 2023. (AP Photo/LM Otero, File)
CourtsEnvironmentLegislationNatural GasNewsOil

Exxon Mobil Corp. sues California attorney general for defamation over plastic recycling claims

The oil and gas giant seeks unspecified damages and retractions of 'defamatory statements.'

FILE PHOTO: Vehicles pass in front of an Exxon service station in Bethesda, Maryland, U.S., November 25, 2024. Picture taken with long exposure. REUTERS/Raphael Satter/File Photo
BusinessEconomyNewsOil

Exxon Mobil signals oil refining results to hurt Q4 profits

Exxon Mobil projects a $1.6B Q4 earnings drop amid weaker oil prices and refining results, anticipating $600M in impairments.

FILE PHOTO: CEO of Hess Corporation, John B. Hess speaks during the Energy Asia conference in Kuala Lumpur, Malaysia June 26, 2023. REUTERS/Hasnoor Hussain/File Photo
BusinessEconomyNewsOilTrade

Hess CEO upbeat on oil demand, says Guyana’s potential barely scratched

Hess CEO John Hess sees a nearly balanced oil market with strong shale and Guyana prospects, yet warns of potential volatility ahead.

FILE PHOTO: An Exxon gas station seen in Washington, U.S., November 26, 2024. REUTERS/Nathan Howard/File Photo
BusinessClimateCourtsEmissionsEnvironmentNewsOilPoliticsRegulations

Exxon Mobil sues California attorney general, environmental groups

The lawsuit filed in the federal court in Beaumont, Texas includes a cause of action sounding in libel or slander, court records show.

A general view of an offshore wind farm in the North Sea, August 23, 2023. NTB/Ole Berg-Rusten via REUTERS
ElectricityNewsOffshore WindOilWind

Trump demands end to North Sea ‘windmills’ in swipe at UK energy policy

North Sea production has declined from a peak of 4.4 million barrels of oil per day to around 1.3 million today.

FILE PHOTO: An LNG tanker is guided by tug boats at the Cheniere Sabine Pass LNG export unit in Cameron Parish, Louisiana, U.S., April 14, 2022. REUTERS/Marcy de Luna/File Photo/File Photo
BusinessEconomyInfrastructureLiquefied Natural GasNewsTransmission

US LNG gas demand hits record high on last day of the year

U.S. LNG demand hit a record 15.2 bcf on New Year's Eve, with forecasts predicting growth to 17.8 bcf in 2025 amid new...

FILE PHOTO: An aerial view shows an oil factory of Idemitsu Kosan Co. in Ichihara, east of Tokyo, Japan November 12, 2021. Mandatory credit Kyodo/via REUTERS/File Photo
AnalysisBusinessElectricityFuelNatural GasNewsOffshore WindOilSolarWind

Big Oil backtracks on renewables push as climate agenda falters

Major European energy companies are slowing and sometimes reversing their renewables investments.

FILE PHOTO: An LNG tanker is guided by tug boats at the Cheniere Sabine Pass LNG export unit in Cameron Parish, Louisiana, U.S., April 14, 2022. REUTERS/Marcy de Luna/File Photo
FuelLiquefied Natural GasNatural GasNewsPoliticsTrade

Natural gas demand from US LNG export plants heads for first decline in 8 years

The U.S. is the world's largest exporter of the superchilled gas and a key provider of gas to Europe.

News Release

FPSO Destiny Purchase by ExxonMobil Guyana Completed

Amsterdam, December 19, 2024 SBM Offshore and ExxonMobil Guyana Ltd, an affiliate of Exxon Mobil Corporation, have completed the transaction related to the...