Business Wire

  1. ExxonMobil Makes Final Investment Decision To Develop West Barracouta Gas Project

    ExxonMobil said today that it has made a final investment decision to develop the West Barracouta gas field in Bass Strait to bring new gas supplies to the Australian domestic market.

  2. First Commissioning Cargo Departs Cheniere’s Corpus Christi Liquefaction Facility

    Cheniere Energy, Inc. (“Cheniere”) recently announced that the first commissioning cargo of liquefied natural gas (LNG) has loaded and departed from its Corpus Christi liquefaction facility in Texas, marking the first export of LNG from the state and from a greenfield liquefaction facility in the lower 48 states.

  3. AFGlobal Launches New Performance Drilling Platform

    AFGlobal recently announced the launch of their Performance Drilling platform, a unique combination of equipment and software aimed at the onshore and shallow water drilling markets

  4. Chevron Announces $20B Capital And Exploratory Budget For 2019

    Chevron Corporation today announced a 2019 organic capital and exploratory spending program of $20B.

  5. ExxonMobil Increases Stabroek Resource Estimate To 5 Billion Barrels; Makes 10th Discovery

    ExxonMobil said recently it made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels.

  6. Sourcewater, Inc. Announces Acquisition Of Digital H2O Data And Technology

    Sourcewater, Inc., ( the leading provider of oilfield water intelligence, announces that it has acquired the data and technology of Digital H2O, Inc., a subsidiary of Genscape, Inc., the leading global provider of real-time data and intelligence for commodity and energy markets.

  7. Fluor Joint Venture Creates One Of The World's Largest Plant Designs For Tengiz Oil & Gas Megaproject In Kazakhstan

    Fluor Corporation announced recently that its joint venture team, KPJV, has developed one of the world’s largest, single 3D intelligent plant design models for Tengizchevroil LLP’s Future Growth Project – Wellhead Pressure Management Project (FGP-WPMP).

  8. Abu Dhabi National Oil Company Announces $132B CAPEX Program, Integrated Gas Strategy And An Increase In Oil Production

    The Abu Dhabi National Oil Company’s (ADNOC) announced, recently, its plans to launch a new integrated gas strategy and increase its oil production capacity to 4 million barrels per day (mmbpd) by the end of 2020 and 5mmbpd by 2030, following approval from the Supreme Petroleum Council (SPC), the highest governing body of the oil and gas industry in Abu Dhabi.

  9. Chevron Reports Third Quarter Net Income Of $4.0B

    Chevron Corporation recently reported earnings of $4.0B ($2.11 per share – diluted) for third quarter 2018, compared with $2.0B ($1.03 per share – diluted) in the third quarter of 2017. Included in the current quarter were a write-off, an asset impairment, and a non-recurring contractual settlement totaling $930M in the upstream segment, and a gain of $350M on the sale of southern Africa refining, marketing and lubricant assets.

  10. ExxonMobil Earnings Increase 57 Percent To $6.2B In Third Quarter Of 2018

    Exxon Mobil Corporation: Second Third Quarter Quarter First Nine Months 2018 2017 % 2018 % 2018 2017 % Earnings Summary (Dollars in millions, except per share data) Earnings (U.S. GAAP) 6,240 3,970 57 3,950 58 14,840 11,330 31 Earnings Per Common Share Assuming Dilution 1.46 0.93 57 0.92 59 3.47 2.66 30 Capital and Exploration Expenditures 6,586 5,987 10 6,627 -1 18,080 14,081 28 Exxon Mobil Corporation today announced estimated third quarter 2018.