ExxonMobil

The oil price downturn spawned a lull in deepwater enthusiasm, but better project execution and reduced project lead times have helped operators achieve lower costs and better returns. What does the landscape for deep water look like in the near term? Will operators get more involved?

The decision to ramp down production on the Aspen project comes months after the Alberta provincial government imposed production cuts to handle pipeline bottlenecks. Aspen is projected to produce 75,000 BOPD upon startup.

The US majors plan to produce around 1 million BOE/D each from the basin, which has become a primary focus of their upstream operations.

The discovery is world’s third-largest natural gas discovery in the past 2 years.

ExxonMobil is rolling out a project that will enable it to collect all operating data from its refineries and chemical plants—up to 1 billion bits per minute—into a high-performing computing environment.

The $10-billion deal will add liquefaction and export capabilities to the existing facility in Sabine Pass, Texas, according to a Reuters report. Golden Pass currently handles up to 2 Bcf/D of natural gas imports to North American markets.

Exxon Mobil is reorganizing and creating three new upstream companies and a global projects company.

2019’s class of offshore projects show a wide range of potential sanctioning outcomes.

Exxon Mobil sent a letter to the US Environmental Protection Agency in support of methane gas emission rules put in place under the Obama administration, according to a copy of the letter seen by Reuters.

Natural gas prices have risen in the US but not in west Texas. The contrast is a sign of the growing pains that come with explosive growth changing this increasingly competitive market.