ExxonMobil

The US supermajor continues to evolve its global strategy by pulling out of once-promising Russian partnerships and adding to its offshore Guyana oil drilling bounty.

Many operators are taking a full-life-cycle approach to preparing for decommissioning—a shift borne of necessity amid cost and regulatory constraints.

In November, ExxonMobil signed a commitment with several companies aimed at reducing methane emissions. That agreement built off earlier efforts the company had announced to enhance voluntary methane reduction.

The Irving, Texas-based supermajor plans to cash in on its expanded foothold in the Permian Basin, aided by a big reduction in the US corporate tax rate.

ExxonMobil will lead the construction and operation of all future natural gas liquefaction and related facilities and assume midstream operations in Mozambique’s Area 4. Eni will continue to lead the Coral floating LNG project and all upstream operations.

Advancements in extended-reach drilling continue from the ExxonMobil-operated Sakhalin-1 project. The latest “super complex” horizontal well stretches 15,000 m, which partner Rosneft says is a “world record.”

The Stanford University and Environmental Defense Fund launched a challenge for mobile methane leak monitoring technology. ExxonMobil will serve as a technical adviser.

Emerging technologies from medical science and the aerospace industry could have a disruptive impact on oil and gas operations. A panel of scientists looked into these technologies and discussed their potential role in the industry.

The new head of ExxonMobil used his first major public appearance to emphasize the major oil company's committment to environmental concerns through the development of emerging technologies.

The US Department of Justice and the Alaska Department of Law recently closed federal and legal actions against ExxonMobil Corp. and its corporate predecessors involving the 1989 crude oil spill from the Exxon Valdez oil tanker.