News Breaks |
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| February 13, 2013 |
| 10:41 EDT |  | XOM | Exxon Mobil, Rosneft expand strategic cooperation
Rosneft and ExxonMobil have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include an additional approximately 600,000 square kilometers of exploration acreage in the Russian Arctic and potential participation by Rosneft 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 include plans to explore seven new blocks in the Chukchi Sea, Laptev Sea and Kara Sea. A separate Heads of Agreement was signed providing Rosneft an opportunity to acquire a 25% interest in the Point Thomson Unit, which covers development of a remote natural gas and condensate field on Alaska’s North Slope. It is estimated that Point Thomson contains approximately 25% of the known gas resource base in Alaska’s North Slope. Rosneft and ExxonMobil also executed a Memorandum of Understanding to jointly study the economic viability of an LNG development in the Russian Far East, including the possible construction of an LNG facility. The companies will form a joint working group, which is expected to commence work in the coming weeks to study the viability of an LNG project using available natural gas resources. |
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News For XOM From The Last 14 Days Check below for free stories on XOM the last two weeks. |
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| May 23, 2013 |
| 06:17 EDT |  | XOM | Papua New Guinea’s Oil Search a takeover target, Bloomberg reports
Papua New Guinea’s Oil Search (OISHY) has the fastest revenue growth in the oil industry and now may be attracting a number of suitors, from Exxon Mobil (XOM) to Total (TOT) to Woodside Petroleum (WOPEY), reports Bloomberg. Reference Link |
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| May 20, 2013 |
| 08:08 EDT | | XOM | EU to review fracking concerns, Reuters reports
Environmental concerns over the practice of hydraulic fracturing to get at shale gas will be on the EU's agenda this year, EU Energy Commissioner Guenther Oettinger told the German newspaper Die Welt, reports Reuters. Reference Link |
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| 05:40 EDT | | XOM | U.S. oil futures rally as many commodities decline, WSJ reports
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| May 16, 2013 |
| 08:01 EDT | | XOM | FMC Technologies receives subsea equpiment order from ExxonMobil
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| May 15, 2013 |
| 08:38 EDT | | XOM | WTI crude falls for a fith consecutive day, Bloomberg reports
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| 07:20 EDT | | XOM | InterOil in final talks on ‘multi-billion dollar’ LNG deal, Bloomberg reports
InterOil Corp. (IOC), which has plans to develop an LNG project in Papua New Guinea, is in the final stage of talks with major oil producers and a national oil company for a “multi-billion dollar” partnership, reports Bloomberg. Royal Dutch Shell (RDS.A) has said it had discussions with InterOil and was interested in the proposed Papua New Guinea LNG plant. Reference Link |
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| May 14, 2013 |
| 07:10 EDT | | XOM | IEA says North American oil will dominate world supply growth, WSJ reports
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| May 9, 2013 |
| 15:16 EDT | | XOM | Exxon Mobil to build $10B LNG facility in Texas, Bloomberg reports
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| 11:33 EDT |  | XOM | Exxon Mobil to host conference call
Vice President Rosenthal will host a conference call regarding the company's executive compensation on May 10 at 2 pm. Webcast Link |
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