Gas – Bloomberg reported that Exxon's quarterly profits rose to $9.5 billion, or $2.12 a share, thanks to wider chemical margins that absorbed some of the losses of lower crude prices and production.
Articles Tagged "exxon"
Gas – Mining Weekly reported that the Sable Offshore Energy Project, located just off the coast of Nova Scotia, is scheduled to undergo maintenance on its natural gas operations beginning April 23 and ending May 5.
Gas – Yahoo reported that BHP and Exxon together are planning to build the world's largest floating LNG plant just off the coast of northwestern Australia, despite coming under fire for mounting costs surrounding the project.
Gas – Reuters reported that Exxon expects their production to fall by 1 percent in 2013 before ramping up again.
Oil – Reuters reported that the oil outages in Nigeria have affected its reputation as a reliable energy supplier and large oil companies such as Exxon have warned customers of supply disruptions in the country’s largest oil stream, Qua Iboe.
Gas – Reuters reported that in their annual energy outlook, Exxon predicts that, given the rate of oil and gas production, North America will be a net exporter of energy by 2025.
Gas – Reuters reported that Exxon has sold two shale gas exploration concessions to Polish refiner PKN Orlen, although the price was not disclosed.
Gas – Bloomberg reported that international oil companies, like Exxon, are favouring Canadian natural gas acquisitions over oil sands, as a means of meeting Asian demand.
Heavy Oil – CNBC reports that Exxon Mobil's (NYSE:XOM) oil pipeline that spewed crude oil into Montana's Yellowstone River was temporarily shut down in May.
Gas – Shale gas has already been dubbed a ‘game changer’ for US energy markets - these three hotspots may prove to be just as fruitful.