ExxonMobil Tag

ExxonMobil has found further oil reserves in the Payara reservoir off the coast of Guyana, increasing the total Payara discovery to around 500 million barrels of oil-equivalent. The well was found in the Stabroek Block, about 210km offshore Guyana, with the successful drill results increasing the...

Credit rating agency S&P Global has cut its outlook on ExxonMobil (NYSE:XOM) to negative, warning that it may downgrade the oil major’s double-A plus rating over the next two years. This latest blow comes after S&P stripped Exxon of its long-held triple-A rating, as the US...

ExxonMobil (NYSE:XOM) and SABIC (Saudi Basic Industries Corporation) have signed an agreement which will see planning commence for a petrochemicals project in Texas. Both companies selected a site in San Patricio County last month, for the proposed petrochemical complex, that will process 1.8 million tonnes of...

Esso Australia has announced the completion of its Longford Gas Conditioning Plant, which processes gas from the AUS$5.5 billion Kipper Tuna Turrum project in Victoria. The completion of the gas conditioning plant marks the conclusion of work at the large-scale gas facility, which will provide a...