ExxonMobil

The gas agreement clears the way for the FEED phase; FID expected in 2020.

Conventional oil and gas discovered resources in 2019 are on pace to rise 30% from last year and reach their highest level since the beginning of the industry downturn. Here, a recap of the first quarter's 15 biggest oil and gas discoveries, which altogether are propelling the increase.

Colombia now counts Repsol, ExxonMobil, Shell, and Noble Energy as companies committed to exploration in its portion of the Caribbean Sea.

Like a fast-declining oil well, the value of propriety software is short-lived. Technological advances drive down the value of programs, many of which were never unique.

Although the Environmental Defense Fund and ExxonMobil are not always aligned on certain important issues, the organizations are working together to understand and reduce methane emissions.

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.