Browsing Tag
Exxon Mobil Corporation
20 posts
ExxonMobil weighs Venezuela return nearly 20 years after nationalisation dispute
ExxonMobil is in discussions over a potential return to Venezuela’s Orinoco Belt, Reuters reported citing people familiar with the matter, including possible involvement in the Petromonagas project from which its predecessor asset was nationalised nearly two decades ago.
Rovuma LNG locks in $1.1bn of equipment as ExxonMobil targets 2026 FID
ExxonMobil and its Area 4 partners have committed about $1.1 billion to long-lead equipment for Mozambique’s 18.6mtpa Rovuma LNG project, with a newly disclosed $200 million to $250 million pipe package showing how far procurement is moving before the final investment decision.
Evolution Petroleum closes $16m Midland Basin royalty deal after issuing stock equal to about 10% of its prior share count
Evolution Petroleum has completed a $16 million Midland Basin royalty acquisition expected to generate $3.9 million of next-12-month asset cash flow, funded partly through a 3.7 million-share equity offering.
Targa Resources signs 20-year ExxonMobil Permian agreements and lifts 2026 growth capital to $5bn
Targa Resources has secured ExxonMobil Permian commitments through 2046, triggering 825 MMcf/d of new processing capacity, Bull Run II and a higher $5 billion 2026 growth-capital programme.
Petronet LNG revenue falls 53% but profit rises 34%: the Rs 494cr clue behind Q1
Petronet LNG Limited produced a 34% rise in consolidated Q1 FY27 profit despite a 53% revenue decline and lower LNG volumes. Trading and inventory gains, expanded Dahej capacity and the Qatar supply disruption make the quality of that profit more important than the headline growth rate.
India approves Rs 84,084cr Samudra Manthan offshore oil and gas exploration scheme
India's â‚ą84,084 crore Samudra Manthan scheme underwrites 60 deepwater wells and targets 80 MMTOE domestic output by fiscal 2030-31 for ONGC and Oil India.
Viper Energy (Nasdaq: VNOM) closes $522m Riverbend royalty acquisition to deepen Permian Basin position
Viper Energy ($VNOM) closes the Riverbend royalty acquisition with $337 million in cash and 3.7 million shares. The next test is whether 4,000 BOE per day of acquired production can increase distributable cash flow per share.
Why ExxonMobil’s $1bn Usan oil project could reset Nigeria’s deepwater investment story
Read how ExxonMobil’s $1bn Usan Infill Project could lift Nigeria oil output by 40,000bpd and reshape deepwater sentiment.
US Supreme Court’s next term could reshape gun bans, voting rules and immigrant detention
The United States Supreme Court will return in October with disputes involving assault-style rifles, Arizona voter registration, prolonged immigrant detention, religious freedom, LGBTQ protections and major corporate litigation.
Why crude below $100 could be the biggest market signal from the Hormuz talks
Oil below $100 eases market pressure as Hormuz hopes rise. See what the crude retreat means for energy stocks, India and inflation today!