ExxonMobil

Putting together the billions of dollars needed to develop deepwater finds has become tougher, but when the discoveries are huge, companies will make every effort to find a way to tap what may be a cheap source of oil.

Four recent deepwater offshore discoveries show exploration is not dead, it is just concentrated offshore.

Both platforms offshore assets were shut in following a leak in ExxonMobil's 100,000 B/D pipeline system.

As studies point to increased emissions, ExxonMobil is stepping up efforts to detect and mitigate methane release.

Qatar Petroleum will delay its North Field LNG expansion in Qatar with startup in 2025. Its Golden Pass project in Texas remains on track.

The Rovuma LNG project in Mozambique was expected to reach FID later this year, with startup in 2025.

ExxonMobil and Halliburton made additional cuts in spending and personnel.

ExxonMobil’s rig automation experiment is accelerating, with plans to push the number of rigs in the system from three to nine. Drilling efficiency was improved by use of an automated pipe-handling system, which reduced the median time required for connection at one location by 20%.

The largest oil and gas major in the US is calling for tighter rules around methane monitoring, wellhead venting, and the replacement of equipment components with “high-leak potential.”

The first interdisciplinary oil and gas conference to be held in Saudi Arabia, the 12th International Petroleum Technology Conference, was the largest in its history in attendance. This features highlights of the panel and technical sessions, and an interview with Saudi Aramco CEO Amin Nasser.