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2017-11-13 10:20:00

EXXON INCREASES COMPETITIVENESS

EXXON INCREASES COMPETITIVENESS

BLOOMBERG Exxon Mobil Corp. is drilling shale wells that stretch farther than the length of New York's Central Park. 

The world's biggest oil explorer by market value recently finished four wells in North Dakota's Bakken region that extend sideways for 3 miles (4.8 kilometers), Barclays Plc analyst Paul Cheng said in a research note after meeting Exxon executives, and it's closing in on the 4-mile mark. 

That would be "a game changer that could potentially allow the company to leap frog the competition in unit cost and return metrics," Cheng wrote. 

In the Permian Basin that stretches beneath Texas and New Mexico, the company's horizontal wells are approaching the 2 1/2-mile threshold, Cheng wrote, about the length of Central Park in Manhattan from north to south. 

Although famously late to the shale revolution that's disrupted the global oil industry, Exxon now appears to be transferring breakthroughs it made in the icy Russian Far East a decade ago to its North American fields. In 2007, from a perch on remote Sakhalin Island, the company drilled a total of 7 miles down and then sideways to reach a cluster of oil fields beneath the Sea of Okhotsk.

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Earlier:

EXXON EARNINGS $11.3 BLN
2017, October, 30, 11:30:00

EXXON EARNINGS $11.3 BLN

Exxon Mobil Corporation announced estimated third quarter 2017 earnings of $4 billion, or $0.93 per diluted share, compared with $2.7 billion a year earlier as commodity prices improved and performance in the Upstream and Downstream strengthened. Impacts related to Hurricane Harvey reduced earnings by an estimated 4 cents per share.

 

 EXXON И РОССИЯ СОГЛАСИЛИСЬ
2017, September, 15, 08:35:00

EXXON И РОССИЯ СОГЛАСИЛИСЬ

12 сентября было подписано мировое соглашение между Россией и компанией ExxonMobil в рамках судебного разбирательства по иску о взыскании денежных средств по соглашению о разделе продукции по проекту "Сахалин-1". Стороны достигли взаимовыгодного компромисса. От имени Российской Федерации мировое соглашение подписал Министр финансов Антон Силуанов.

 

 EXXON'S SHALE OIL UP
2017, March, 6, 18:35:00

EXXON'S SHALE OIL UP

The company plans to spend nearly $5.5 billion drilling in Texas, New Mexico and North Dakota. Exxon is hoping to take advantage of technological advancements and lower costs of doing business in the shale.

 

 DEDICATION TO EXXONMOBIL
2016, December, 15, 19:05:00

DEDICATION TO EXXONMOBIL

“He led the company with integrity and honor, ensuring that safety and environmental protection were at the forefront of everything we do, generating value for shareholders and highlighting the impressive accomplishments of the company’s diverse workforce throughout the world. We know that his service to the nation as secretary of state will be equally successful and distinguished.”

 

 EXXON FINED $75 BLN
2016, October, 7, 18:30:00

EXXON FINED $75 BLN

The court judgment released on Wednesday found that the companies owed nearly 484 billion CFA francs in royalties to the Chadian government. It did not explain why the penalties amounted to more than 90 times that amount.

 

 MAJORS DEBT'S RECORD
2016, August, 24, 18:55:00

MAJORS DEBT'S RECORD

Exxon Mobil Corp.Royal Dutch Shell PLC, BP PLC and Chevron Corp. hold a combined net debt of $184 billion -- more than double their debt levels in 2014, when oil prices began a steep descent that eventually bottomed out at $27 a barrel earlier this year. Crude prices have rebounded since, but still hover near $50 a barrel.

 

 SHELL & EXXON COMPETITION
2016, June, 16, 17:55:00

SHELL & EXXON COMPETITION

“I want to create a world class investment case for Shell and our shareholders.”

 

Tags: EXXON, MOBIL, DRILLING, SHALE, OIL
EXXON INCREASES COMPETITIVENESS January, 21, 11:55:00

OIL PRICE: NEAR $63

EXXON INCREASES COMPETITIVENESS January, 21, 11:50:00

OPEC CONFORMITY LEVEL 98%

EXXON INCREASES COMPETITIVENESS January, 21, 11:45:00

OIL FOR CHINA: 12.05 MBD

EXXON INCREASES COMPETITIVENESS January, 21, 11:40:00

CHINA'S GDP GROWTH 6.6%

EXXON INCREASES COMPETITIVENESS January, 21, 11:35:00

FLAT US E&P CAPEX

EXXON INCREASES COMPETITIVENESS January, 21, 11:30:00

SAUDI ARABIA INVESTMENT $10 BLN

All Publications »

Chronicle:

EXXON INCREASES COMPETITIVENESS
2019, January, 21, 11:25:00

LATIN AMERICA ENERGY FORUM FEBRUARY 2019

The 3rd Latin America Energy Forum will address the needs of Latin America's evolving energy sector, exploring the evolution of the region’s energy mix and the role of gas in supporting the increased use of nonconventional renewables.

EXXON INCREASES COMPETITIVENESS
2019, January, 21, 11:20:00

FASTEST RENEWABLE GROWING

U.S. EIA - EIA expects non-hydroelectric renewable energy resources such as solar and wind will be the fastest growing source of U.S. electricity generation for at least the next two years.

EXXON INCREASES COMPETITIVENESS
2019, January, 21, 11:15:00

EMIRATES RENEWABLE INVESTMENT AED4.4 BLN

ENA - Mohammed Saif Al Suwaidi, Director-General of ADFD, said, "The Abu Dhabi Fund for Development believes in the vital role the renewable energy sector plays in attaining the sustainable development goals in developing countries. This important sector stimulates economic growth, creates employment opportunities, drives innovation, supports the advancement of other key sectors, and optimises the use of natural resources – all crucial factors in improving people’s lives."

EXXON INCREASES COMPETITIVENESS
2019, January, 21, 11:10:00

RUSSIA, SERBIA NUCLEAR

WNN - Russia and Serbia have signed an intergovernmental agreement on cooperation in nuclear energy and a joint statement on strategic partnership for the construction of a centre of nuclear science, technology and innovation.

All Publications »