Archives des ExxonMobil

Nationalization of Esso Chad: Tensions between Chad and Savannah Energy

Friday 24 March 2023

Chad has decided to nationalize the assets of ExxonMobil’s subsidiary, Esso Chad, much to the anger of the British company Savannah Energy.

TotalEnergies advances its gas project in Papua

Wednesday 8 March 2023

TotalEnergies is embarking on the construction of a major gas plant in Papua New Guinea, despite delays caused by the pandemic and the renegotiation of the contract by the local government.

Technip Energies: promising markets in the energy transition

Thursday 2 March 2023

Technip Energies announced a 23% decline in revenues in 2022, following the exit of its huge liquefied natural gas project in Siberia. However, the company recorded an improvement in net income, confirming its potential in LNG markets that it considers promising in the short term, both in Europe and in Asia.

Record net profit for Eni in 2022

Thursday 23 February 2023

Italy’s Eni Group on Thursday announced record net profits of 13.8 billion euros for the year 2022, more than double the profits made the previous year. A tax on “excess profits” has also been introduced by Italy and competitors are following suit despite the fact that Eni’s share price is falling on the Milan stock exchange.

ExxonMobil and Honeywell join forces to fight CO2

Friday 17 February 2023

ExxonMobil continues its commitment to decarbonization with its new partnership with Honeywell to produce hydrogen in Baytown, Texas. Honeywell’s technology will capture approximately 7 million tons of CO2 per year, equivalent to 1.5 million cars for one year.

ExxonMobil reluctant to invest more in Guyana

Wednesday 15 February 2023

Exxon Mobil is reluctant to become more involved in oil development in Guyana pending the revelation of the new terms of the production sharing agreement (PSA). Liam Mallon, the company’s president of oil and gas production, said Guyana is central to its plans to increase the company’s global oil production by about 13 percent by 2027. The company’s decision will depend on the terms of the new PSA, which are expected to be finalized on March 8.

Record profits for oil “super majors” in 2022

Thursday 9 February 2023

The year 2022 was a successful one for the major oil companies, which raked in $151 billion in net income. However, not everyone is happy with these profits, with governments and NGOs questioning their relevance in the midst of a global energy and climate crisis.

Equinor reports record results for 2022

Wednesday 8 February 2023

he Norwegian energy giant, Equinor, announced on Wednesday exceptional financial results for the year 2022. Net income reached $28.7 billion, due to the surge in gas prices. Equinor’s future investments, generous shareholder compensation plans, and strong growth position for the future point to a company on the rise.