ExxonMobil gearing up to spud wildcat well off Brazil

Oil major ExxonMobil is preparing to drill an exploration well in waters offshore Brazil, using Seadrill’s West Saturn drillship. Petroleo Hoje, a Brazilian publisher specializing in oil and gas news, reported on Monday that ExxonMobil and Seadrill are preparing for … Read More

Exxon to write off up to $20B of assets despite 4Q gains

Oil major ExxonMobil has stated that it would have to write down assets up to $20 billion regardless of higher oil and gas prices and improved chemical margins. Exxon stated in a regulatory filing that higher prices and margins would … Read More

ExxonMobil makes non-commercial discovery at Tanager-1 well off Guyana

U.S. oil major ExxonMobil has made another oil discovery at the Tanager-1 well off Guyana but the discovery was deemed non-commercial. The Tanager-1 well was drilled in the nearby Kaieteur Block, unlike ExxonMobil’s previous Guyana wells which were drilled in … Read More

Saipem gearing up for ExxonMobil’s Payara job

Italian oilfield contractor Saipem has recently received the authorization to proceed with the final phase of the Payara development project in Guyana from the project operator ExxonMobil. Saipem has been working in this country for the last three years, starting … Read More

Noble Corporation scores rig extension deal with ExxonMobil

Offshore drilling contractor Noble Corporation has been awarded a long-term extension for the ultra-deepwater drillship Noble Tom Madden from ExxonMobil. Noble said on Thursday that it has been awarded approximately 6.5 years of additional contract term under the commercial enabling … Read More