Exxon Mobil News

Photo: ExxonMobil Canada

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

Erha North Phase

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

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

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

Photo ExxonMobil

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

Statoil owns interests in several exploration, development and production licenses offshore Newfoundland, and has an office in St. John’s courtesy Statoil

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

Oil Rig Production Qua Iboe - ExxonMobil

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

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

Immersive 3D Operator Training Simulator

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

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

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

Image courtesy of ExxonMobil

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

Maritime Regs: Preparing For Future Emission Requirements

A Webinar: December 11, 2014 2pm to 3:15pm (EST) This week, find out why and how choosing ExxonMobil Marine Fuels & Lubricants Mobilgard 410 NC can help optimize the performance of engines that meet Tier IV emission requirements, which continue to be phased in from Jan. 1, 2015, depending on vessel and engine type. This webinar will show you how this specially formulated lubricant can help:   Improve engine cleanliness; Minimize liner wear; Optimize the performance of engines that meet Tier IV emission requirements. The EPA requires that new and medium

South Africa map

Statoil to Explore Offshore S. Africa

  Statoil has completed a farm-in transaction with ExxonMobil Exploration and Production South Africa Limited (ExxonMobil), acquiring a 35 percent interest in the ER 12/3/154 Tugela South Exploration Right. The remaining interests are held by the operator ExxonMobil (40%) and co-venturer Impact Africa Limited (Impact Africa) (25%). “This opportunity is in line with Statoil’s exploration strategy of access at scale. It represents access into a frontier basin where we believe we see indications of an active petroleum system and which has impact potential,” says Nick Maden

Oil Majors Expand Far North Exploration Projects

Rosneft and ExxonMobil agree to collaborate in the search for offshore energy in the Russian Arctic & Far East,  and Alaska. The two companies have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include an additional approximately 600,000 square kilometers (150 million acres) of exploration acreage in the Russian Arctic and potential participation by Rosneft (or its affiliate) in the Point Thomson project in Alaska. They have also agreed to conduct a joint study on a potential LNG project in the Russian Far East. The agreements, which include plans

Kashagan Oilfield location. Photo: Uwe Dedering

Kashagan Consortium: Oil Production Not Expected in 2014

this year due to leaking pipelines.   "The current assessment, based on the results of an investigation, is that both the oil and the gas pipelines might have to be fully replaced," the consortium also said. The North Caspian Operating Company (NCOC) consortium includes Eni, Exxon Mobil, Royal Dutch Shell , China's CNPC, Japan's Inpex and Kazakh state-run KazMunaiGas. (Reporting by Raushan Nurshayeva; writing by Vladimir Soldatkin; Editing by Alessandra Prentice)  

Chevron: No Production Impact from US Gulf Storm

workers ahead of the storm, such as cooks and maids, with no production impact from the weather.   Chevron is the No. 3 oil producer in the U.S. Gulf, and Shell is No. 1. No. 2 BP Plc said it was monitoring the storm, but operations continued as normal. Other operators, including Hess Corp and Exxon Mobil Corp also said they were watching the weather.     (Reporting By Kristen Hays; Editing by Terry Wade

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