Business Wire

  1. ExxonMobil Permian Development To Provide $64B In Benefits To New Mexico: Study

    ExxonMobil recently said a new study estimates the company’s development of Permian Basin resources in New Mexico will generate approximately $64 billion in net economic benefits for the state and local communities over the next 40 years, creating thousands of new jobs and providing increased funding for education, health and human services and infrastructure improvements.

  2. ExxonMobil, Employees And Retirees Donate More Than $50M To U.S. Colleges And Universities

    ExxonMobil said recently that 806 accredited colleges and universities in the United States will receive a total of $50.4M as part of the ExxonMobil Foundation’s 2018 Educational Matching Gift Program.

  3. Rovuma LNG Development Plan Approved By Mozambique Government

    Mozambique Rovuma Venture said recently that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will produce, liquefy and market natural gas from three reservoirs located in the Area 4 block offshore Mozambique, two of which straddle the boundary with neighboring Area 1.

  4. KKR And Spur Energy Partners Form Partnership To Pursue Oil And Gas Opportunities

    Spur Energy Partners LLC (“Spur”) and KKR, a leading global investment firm, recently announced the formation of a partnership to acquire large, high-margin oil and gas production and development assets across the Lower 48.

  5. Occidental To Acquire Anadarko

    Occidental Petroleum Corporation (“Occidental” or “the Company”) recently entered into a definitive agreement whereby Occidental will acquire Anadarko Petroleum Corporation (“Anadarko”)for $59.00 in cash and 0.2934 shares of Occidental common stock per share of Anadarko common stock, in a transaction valued at $57B, including the assumption of Anadarko’s debt.

  6. ExxonMobil To Invest Up To $100M On Lower-Emissions R&D With U.S. National Labs

    ExxonMobil said recenty it will invest up to $100 million over 10 years to research and develop advanced lower-emissions technologies with the U.S. Department of Energy’s National Renewable Energy Laboratory and National Energy Technology Laboratory.

  7. TechnipFMC Awarded A Significant Integrated EPCI (iEPCI) Subsea Contract For The BP Thunder Horse Expansion Project

    TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction and Installation (iEPCI) contract by BP for the Thunder Horse South Expansion 2 Project located in the Gulf of Mexico.

  8. Emerson Provides Predictive Maintenance And Operational Support Services To BP In The North Sea

    Emerson, a global technology and engineering leader, has been awarded a five-year contract with BP to provide predictive maintenance and operational support services to ensure safe, optimized production from its Clair Ridge platform and Glen Lyon floating production, storage and offloading (FPSO) vessel.

  9. ExxonMobil To Proceed With Liza Phase 2 Development Offshore Guyana

    ExxonMobil said recently it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals.

  10. FutureOn Launches FieldTwin For Smarter Offshore Field Development And Operations

    Offshore drilling sees a resurgence with billions planned for investment in new greenfield developments. Digital strategists in the oil and gas sector see the opportunity to leverage new projects to introduce new, more transparent digital workflow processes into their operations