Second Australia Floating LNG Project Planned
Exxon Mobil plans to develop a floating liquefied natural gas project to develop the Scarborough field off the coast of Western Australia. Exxon, whose partner in the field is Melbourne-based BHP Billiton Ltd. (BHP), expects to make a decision on whether to go ahead with the floating LNG venture in 2014 or 2015, with the project starting production in 2020 or 2021, reports Bloomberg. In Australia, Shell is developing the Prelude floating LNG vessel -- expected to be as long as the Empire State Building and weigh six times as much as the biggest aircraft carrier -- after costs for onshore LNG plants
ExxonMobil inks patent agreement with Pason Systems
ExxonMobil has awarded to Pason Systems, Inc. the first global license of its patented Drilling Advisory System, a key component of the company’s Fast Drill technology suite. The licensing agreement accelerates the technology’s commercialization by combining Pason’s expertise in drilling data and ExxonMobil’s experience in drilling surveillance and optimization. Fast Drill combines high-end modeling of drilling physics with structured well planning and design to identify limiters and maximize performance. ExxonMobil’s drilling rate has improved more than 80 percent
GofM Subsea Equipment Order for FMC
FMC Technologies receives subsea equipment order for ExxonMobil's Julia Development field. The Julia field is located in the Gulf of Mexico Walker Ridge area in approximately 7,000 feet (2,100 meter) water depth. FMC Technologies' scope of supply includes six subsea trees, a manifold and associated tie-in equipment. "FMC Technologies is pleased to provide ExxonMobil with subsea systems for this offshore project," said Tore Halvorsen , FMC Technologies' Senior Vice President, Subsea Technologies. "We look forward to supporting ExxonMobil as they overcome the technological challenges
Statoil, Repsol, ExxonMobil Win Colombian Offshore License
Statoil announced today that it has been awarded interest in the COL4 license offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round, along with Respol and ExxonMobil. Statoil said it will hold 33.33% in the license, while Repsol will be the operator of the license and will hold 33.34% and ExxonMobil Exploration Colombia will hold 33.33%. The award is subject to the final approval of the National Hydrocarbons Agency of Colombia (ANH). “Deepwater offshore Colombia is virtually untested. The award of new acreage in this frontier area is in line with our exploration
ExxonMobil's License for EON Reality
ExxonMobil Research Qatar (EMRQ) today announced that ExxonMobil has awarded a global commercial license for Immersive 3D Operator Training Simulator technology to co-developer EON Reality Inc. The innovative technology incorporates ultra-realistic, multi-angle immersive virtual reality for training process operators and engineers in oil and gas production, processing and transportation facilities. The technology enables effective training to take place in a safe and controlled environment. The new technology also supports the development of simulators that combine dynamic process
Seadrill Wins $497m Exxon Contract in Nigeria
Seadrill, the world's biggest offshore driller by market capitalisation, won a two-year $497 million contract from ExxonMobil for one of its newly built rigs, the firm said on Friday. The deal, which also includes a one-year option, is for work in Nigeria, in support of the ERHA North Phase 2 project, the firm said. The rig, under construction by Samsung Heavy Industries , will be delivered in September. (Reporting by Balazs Koranyi, editing by Terje Solsvik)
Exxon's Big Bet on Brazil Oil Could Signal Major Pre-salt Role
Exxon Mobil Corp's big bet on Brazil's offshore Campos basin shows its willingness to pay up to replenish its reserves and may pave the way for hefty bids in October auctions in the country's rich pre-salt areas, analysts said. Marking a return to Brazilian exploration after a five-year absence, Exxon took eight blocks in the coveted basin, one of Brazil's most productive, at an auction on Wednesday. Six were taken in partnership with state-run Petroleo Brasileiro (Petrobras). The auction's record take included an Exxon bid of 2.24 billion reais ($704 million) for one block, Brazil's
Exxon Declares Force Majeure on Qua Iboe
ExxonMobil subsidiary Mobil Producing Nigeria has declared force majeure on exports of Nigeria's Qua Iboe crude oil, the country's largest export stream, a spokesman said on Friday. The declaration came after the company observed a "system anomaly" during a routine check of its loading facility on July 14. "We are working to ensure loading activities at the facility return to normal. We cannot speculate on any timeline for repairs," the spokesman said. "Qua Iboe Terminal is operating and production activities continue." Nigeria has struggled to maintain its
Liquid Fuels to Remain Energy of Choice to 2040 Forecasts Study
The world will require all forms of energy over the next quarter century to meet a greater than one-third increase in demand that will be driven by population growth, improved living standards and expanded urbanization, according to ExxonMobil ’s newly-released ‘Outlook for Energy: A View to 2040’. The outlook projects that oil and natural gas will continue to meet about 60 percent of energy needs by 2040. Liquid fuels – gasoline, diesel, jet fuel and fuel oil – will remain the energy of choice for most types of transportation because they offer a unique combinatio
ExxonMobil's Canada Offshore Project Produces First Oil
The Hebron oil project off the coast of eastern Canada has produced its first oil, operator Exxon Mobil said on Tuesday, in a boost to Atlantic Canada's output after years of weak crude prices. At its peak Hebron will produce up to 150,000 barrels per day (bpd), Exxon said. It will help Atlantic Canada offshore production climb 44 percent to 307,000 bpd by 2024, according to estimates from the Canadian Association of Petroleum Producers. The platform is located 200 miles (350 kilometres) off the coast of Newfoundland and Labrador in depths of 300 feet (92 metres) and the oil field
ExxonMobil Starts Oil Production at Erha North Phase 2 Project
Exxon Mobil Corporation announced today that its subsidiary, Esso Exploration and Production Nigeria Limited, started oil production ahead of schedule at the Erha North Phase 2 project offshore Nigeria. The Erha North Phase 2 project is a deepwater subsea development located 60 miles offshore Nigeria in 3,300 feet of water and four miles north of the Erha field, which has been producing since 2006. The Erha North Phase 2 project includes seven wells from three drill centers tied back to the existing Erha North floating production, storage and offloading vessel, reducing additional infrastruct
Exxon, Petrobras Form Alliance to Develop Oil, Gas Projects
Exxon Mobil Corp and Petróleo Brasileiro SA, Brazil's state-controlled oil producer also known as Petrobras, said on Thursday they had formed an alliance to develop energy projects around the world. The deal, which was signed in Rio de Janeiro, will have the companies study ways they can cooperate on exploration, production and chemical ventures inside and outside of Brazil. The deal comes two months after Exxon and Petrobras were jointly awarded six oil-rich blocks in Brazilian coastal waters. (Reporting by Ernest Scheyder; editing by Diane Craft)
ExxonMobil Announces Oil Discovery Offshore Guyana
Exxon Mobil Corporation announced its sixth oil discovery offshore Guyana since 2015, following positive results from its Ranger-1 exploration well. The Ranger-1 well discovery adds to previous discoveries at Liza, Payara, Snoek, Liza Deep and Turbot, which are estimated to total more than 3.2 billion recoverable oil-equivalent barrels. ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. began drilling the Ranger-1 well on November 5, 2017 and encountered approximately 70 meters of high-quality, oil-bearing carbonate reservoir. The well was safely drilled to 6,450 meters
Statoil Wins licence Bids in Offshore Canada
to the Statoil-operated Bay du Nord discovery. Statoil will operate five licences, and participate in one licence as a partner. The offshore Newfoundland licences awarded are as follows: NL15-01-02: Chevron 35% (operator); Statoil 35%; BG 30% (274,732 hectares) NL15-01-05: Statoil: 40%; Exxon Mobil 35%; BG 25% (267,403 hectares) NL15-01-06 Statoil 34%; Exxon Mobil 33%; BP 33% (262,230 hectares) NL15-01-07: Statoil 34%; Exxon Mobil 33%; BP 33% (254,321 hectares) NL15-01-08: Statoil 50%; BP 50% (268,755 hectares) NL15-01-09: Statoil 100% (139,477 hectares) The licences
ExxonMobil Announces Oil Discovery Offshore Nigeria
Exxon Mobil Corporation announced a discovery with a potential recoverable resource of between 500 million and 1 billion barrels of oil on the Owowo field offshore Nigeria. The Owowo-3 well, which was spud on September 23, encountered about 140 meters of oil-bearing sandstone reservoir. Owowo-3 extends the resource discovered by the Owowo-2 well, which encountered about 157 meters of oil-bearing sandstone reservoir. “We are encouraged by the results and will work with our partners and the government on future development plans,” said Stephen M. Greenlee, president of
Production Begins at Sakhalin-1 Arkutun-Dagi Field
Exxon Mobil Corporation has begun production at the Sakhalin-1 project’s Arkutun-Dagi field, the last of the three fields to be developed. Peak daily production from the field is expected to reach 90,000 barrels, the company said. The field, located off the northeast coast of Sakhalin Island in the Russian Far East, will bring total daily production at Sakhalin-1 to more than 200,000 barrels. The other two fields, Chayvo and Odoptu, began production in 2005 and 2010, respectively. Production from Sakhalin-1’s Arkutun-Dagi field will be routed through the existing Chayvo
Total, ExxonMobil Win Block in Mexico Deep Water Oil Auction
Mexico awarded a consortium comprised by Total and ExxonMobil the second block tendered from the Gulf of Mexico's Perdido Fold Belt off the U.S.-Mexico maritime border in a historic deep water oil and gas auction on Monday. Block 2 is a 1,149 square mile (2,976.6 square km) block which the energy ministry says contains some 1.440 billion barrels of oil equivalent (boe) in light and extra light crude as well as natural gas. (Writing by Dave Graham)
