Articles tagged Exxonmobil

ExxonMobil was the top U.S. land drilling customer by footage during the first quarter of 2024, according to new data from Enverus.

Natural gas and oil will remain paramount in expanding economic prosperity through 2050, even as the world changes and the overall energy mix evolves, according to ExxonMobil.

Natural gas futures pushed higher Wednesday as traders positioned for a possible rare midsummer storage draw that would add further evidence of tightening market balances.

Integrated energy major ExxonMobil is seeing bottom-line gains by simplifying and standardizing operations, a strategy that should continue to benefit the global natural gas and oil operations, CEO Darren Woods said Friday.

The natural gas export project underway on the upper Texas coast by Golden Pass LNG Terminal LLC will be delayed until the second half of 2025, ExxonMobil CEO Darren Woods confirmed Friday.

Domestic natural gas-weighted production continued to be curtailed during the second quarter to wait out better pricing, but as Gulf Coast LNG projects near completion, could Lower 48 activity increase? Second quarter results may tell the tale.

Dealmaking among U.S. natural gas and oil operators is showing few signs of slowing, as consolidation is giving rise to the question of how long the industry revamp would continue.

NO. 1: Golden Pass LNG’s feed gas pipeline is expected to be in service during the first half of 2025, but the timeline could be impacted by the Zachry Group’s bankruptcy filing last month, according to a field inspection report by FERC. 

NO. 1: European natural gas prices continued to climb on Thursday, hitting a five-month high after Austria’s OMV AG warned earlier in the week of potential disruptions to Russian gas supplies.

Zachry Group, one of the construction firms working on the Golden Pass LNG terminal, disclosed it will eventually exit the project and has filed for bankruptcy amid reported financial and labor issues.