company:exxon mobil corp

  • Guyana rechazó la versión de Arreaza sobre los barcos de ExxonMobil

    Enième incident de frontière entre Venezuela et Guyana : le 23/12/2018, une frégate vénézuélienne interrompt les opérations de prospection sismique d’un navire opérant sur une concession du Guyana à ExxonMobil.

    La nota divulgada por Jorge Arreaza aseguraba que los capitanes interceptados aseguraron disponer de un permiso de Guyana para operar en dicho espacio marítimo

    El ministro de Relaciones Exteriores de Guyana, Carl Greenidge, rechazó hoy la versión de Venezuela según la cual el Ejecutivo de Georgetown autorizó la incursión en aguas del país bolivariano de buques de exploración sísmica de la compañía ExxonMobil.

    Greenidge reiteró durante un acto público en Georgetown que los barcos noruegos contratados por ExxonMobil fueron interceptados por la Armada venezolana y rechazó la afirmación de la Cancillería de que estuvieran operando en sus aguas territoriales.

    El jefe de la diplomacia de Guyana calificó además de absurdas las palabras de la vicepresidenta de Venezuela, Delcy Rodríguez, sobre una supuesta incursión en aguas territoriales del país sudamericano.

    La Cancillería informó el pasado 23 de diciembre de que la Armada Nacional Bolivariana divisó en aguas jurisdiccionales de Venezuela dos embarcaciones, una con bandera de Bahamas y otra de Trinidad y Tobago, contratadas por la petrolera ExxonMobil.

    La nota divulgada por Jorge Arreaza aseguraba que los capitanes interceptados aseguraron disponer de un permiso de Guyana para operar en dicho espacio marítimo.

    Greenidge dijo que tras repasar lo que describen los medios de comunicación de Venezuela y las conversaciones con los capitanes las coordenadas descritas dejan claro que estaban dentro de la ZEE (Zona Económica Exclusiva) de Guyana.

    Matizó, en concreto, sobre la embarcación Ramford Tetys que fue interceptada en la ZEE y en la plataforma continental de Guyana a una distancia aproximada de 140 kilómetros desde el punto más cercano a la línea equidistante provisional con Venezuela y unos 250 kilómetros desde Punta Playa, el punto más occidental en la frontera terrestre.

    El ministro de Relaciones Exteriores dijo que Guyana no tiene nada de qué preocuparse y que su país está dispuesto a volver reiterar hasta dónde llega su territorio nacional.

    Greenidge sostuvo además que su gobierno está satisfecho con el progreso del caso ante la Corte Internacional de Justicia (CIJ).


    • Exxon Mobil Continues Drilling Offshore Guyana Despite Venezuela Incident | Exploration & Production

      Exxon Mobil Corp. said Dec. 26 its oil drilling and development activities offshore Guyana were unaffected despite neighboring Venezuela’s navy stopping two seismic survey vessels the company had hired.

      The closest of 10 oil finds Exxon Mobil has made off Guyana’s coast is 110 km (68 miles) away from the northwest part of the Stabroek block, where the navy halted seismic data collection on Dec. 22, the company said. Each country’s government says the incident took place in its territorial waters.

      Exploration and development drilling is continuing in the southeast area of the #Stabroek Block,” the company said in a statement. Exxon Mobil did not say whether the two vessels, owned by Norway’s Petroleum Geo-Services ASA (PGS), planned to continue their survey or return to the area where the incident occurred.

      There were two PGS ships involved in the confrontation, the Ramform Tethys and Delta Monarch, Bard Stenberg, a PGS senior vice president, said Dec. 24.

      A couple hours later we learned that the Venezuelan navy had withdrawn from the area,” Stenberg added.

  • Qatargas agrees on 22-year LNG supply deal with China | Reuters

    Qatargas said on Monday it had agreed on a 22-year deal with PetroChina International Co, a unit of PetroChina Co, to supply China with around 3.4 million tonnes of liquefied natural gas (LNG) annually, as the nation stepped up efforts to combat air pollution.

    The Qatari state-owned company will supply LNG from the Qatargas 2 project - a venture between Qatar Petroleum, Exxon Mobil Corp and Total - to receiving terminals across China, with the first cargo to be delivered this month.

    The deal allows flexibility in delivering LNG to Chinese terminals including those in Dalian, Jiangsu, Tangshan and Shenzhen, using the Qatargas fleet of 70 conventional, Q-Flex and Q-Max vessels, the company said.

    China requires LNG for its push to replace coal with cleaner burning natural gas, a way to reduce air pollution. After Beijing started the program last year, China has overtaken South Korea as the world’s second-biggest buyer of LNG.

    China’s LNG imports may surge 70 percent to 65 million tonnes by 2020, according to consultancy SIA Energy. Last year, China imported a record 38.1 million tonnes, 46 percent more than the previous year.

    Meanwhile Qatar, the world’s biggest LNG producer, is seeking buyers for a planned expansion of its output.

    C’est pas avec ce genre de contrats que le Qatar va se faire bien voire des É.-U. !

  • Exxon Sparks IMF Concern With Weighty Returns in Tiny #Guyana - Bloomberg

    Exxon Mobil Corp. got such a “favorable” deal from Guyana, home to the biggest new deepwater oil play, that the tiny South American country should rewrite its tax laws, the International Monetary Fund said.

    While Guyana should honor the existing deal, future contracts should ensure the state gets a higher portion of crude proceeds, the fund said in a report seen by Bloomberg News. The country, South America’s third poorest with an average per capita income of around $4,000, has little experience of dealing with multinational behemoths such as Exxon.

    Terms of the 2016 contract “are relatively favorable to investors by international standards,” the IMF said in a report prepared for Guyanese officials. “Existing production sharing agreements appear to enjoy royalty rates well below of what is observed internationally.
    Open Oil, a Berlin-based company that advocates contract transparency, also found Guyana’s share of the #Stabroek was low compared with both established and early-stage producing countries. Guyana will receive 52 percent of positive cash flow over the life of Exxon’s initial project, compared with between 63 percent and 72 percent for developments in Liberia, Mauritania, Ghana, Senegal and Papua New Guinea, it said in a March report.

    The Exxon contract, which was published on a government website last year, provides Guyana with a 2 percent royalty on sales and 50 percent of profitable oil, once costs are repaid. Exxon and its partners can only deduct three-quarters of their costs each year, giving the government some cash in the first years of the project.

  • Shell Gives North Sea Shot in Arm With Field Redevelopment - Bloomberg

    Royal Dutch Shell Plc made one of its biggest commitments to the North Sea in 30 years, with plans to redevelop the Penguins oil and gas field.

    The Anglo-Dutch oil major will build a floating production, storage and offloading vessel — its first new manned installation in almost three decades — to take output from eight wells it plans to drill. Peak production will be the equivalent of 45,000 barrels a day, with a break-even price of less than $40 a barrel, Shell said on Monday.

    It is another example of how we are unlocking development opportunities, with lower costs, in support of Shell’s transformation into a world class investment case,” Andy Brown, Shell’s upstream director, said in a statement.

    Penguins, a joint venture between Shell and Exxon Mobil Corp., is already operational after first being developed in 2002. Oil from the field — about 150 miles (240 kilometers) northeast of the Shetland Islands — will be transported by tanker to refineries, while the gas will be sent by a pipeline to the St. Fergus terminal in Scotland.


    Shell initiated a the Brent decommissioning project in 2006 due to depleting resources. Image courtesy of Shell UK.

    carte issue d’un article sur le démantèlement du champ #Brent

    • Alors que la prospection en #mer_de_Barents a été très décevante.

      2017 Was a Disappointing Year for Drillers in Norway’s Arctic Waters - Bloomberg

      After a disappointing year for drillers, Norwegian authorities are reviewing their hopes for the Nordic country’s hottest exploration area.

      In the part of the Barents Sea that’s currently open, you’ve sort of tried the elephants — the big opportunities,” Bente Nyland, the head of the Norwegian Petroleum Directorate, said in an interview. “You’re now down to the next generation in size.

      That means the industry regulator would be happy with any discovery of about 500 million barrels of oil, she said. That’s a far cry from the multibillion barrel deposits discovered in the North Sea, which have helped Norway become one of the world’s richest countries over the past decades.

      Apart from Statoil ASA’s #Snohvit gas field, no single discovery in the Barents has reached half a billion barrels. A record drilling campaign in the region last year yielded only one oil discovery with commercial potential. A particular disappointment was Statoil’s #Korpfjell well, the first to be drilled in the newly-opened Barents Sea South-East region abutting Russian waters. Estimated to have billion-barrel potential, the prospect proved to hold only unprofitable amounts of gas.

  • Canada Rules Out Arctic Oil Drilling Extensions for Exxon and BP - Bloomberg

    The Canadian government says it won’t grant extensions to exploration licenses for Exxon Mobil Corp., BP Plc and other oil firms as it prepares for consultations over the impact of an Arctic drilling moratorium.

    The companies hold leases that expire over the next six years, totaling C$1.9 billion ($1.4 billion) in bids. Prime Minister Justin Trudeau and U.S. President Barack Obama announced new restrictions on Arctic oil development on Dec. 20, with Canada saying existing leases wouldn’t be affected without industry input on a path forward.

    In an online background document, however, Trudeau’s government specifically ruled out lease extensions sought by industry before the new restrictions were put in place. Companies had expected that to be a central part of talks.

  • Russia Applauds Trump Dream Team as Exxon CEO Eyed for State - Bloomberg

    With two decades of deal-making in Russia’s vital oil industry under his belt, Rex Tillerson is Vladimir Putin’s kind of man.

    The Exxon Mobil Corp. chief is also in Donald Trump’s sights for secretary of state, fueling optimism in Moscow that a longed-for thaw in relations is near.

    If nominated and confirmed, Tillerson would join another supporter of closer cooperation with Russia at the top of America’s policy-making apparatus, Michael Flynn, the president-elect’s national security adviser. Add in Trump’s nominee for defense secretary, retired General James Mattis, who’s viewed in Moscow as more pragmatic than his predecessors, and the Kremlin couldn’t ask for much more, according to Sergei Markov, a consultant to Putin’s staff.

    This is a fantastic team,” Markov said by phone from the Russian capital on Sunday. “These are people that Russia can do business with.

  • A Single Vessel Is Behind Canada’s Largest-Ever Trade Deficit - Bloomberg

    Blue Marlin arrives in Bull Arm, Trinity Bay, Newfoundland carrying the 30,000 tonne module from South Korea, Sept. 2, 2016.
    Photo: Hebron Project

    Canada posted its largest trade deficit on record in September, a whopping C$4.1 billion ($3 billion) — and a single piece of equipment is to blame.

    A heavy-load carrier arrived at Bull Arm, Trinity Bay in Newfoundland on Sept. 2, after a voyage from South Korea that began in June.

    You’ll note that the 224.8 meter-long vessel had to sail around Africa rather than go through the Suez Canal, due to its size and cargo.
    The Blue Marlin, as the vessel is known, was carrying a 30,000 tonne utilities and process module made by Hyundai Heavy Industries. The module, which had been under development since 2013, will be used in the Hebron offshore-oil project off the coast of Newfoundland and Labrador.

    Exxon Mobil Corp. has the largest interest in this project; co-venturers include Chevron Corp., Suncor Energy Inc., Statoil ASA, and Nalcor Energy Corp. The field has been estimated to contain more than 700 million barrels of recoverable resources.

    The arrival of this module helped push the imports of industrial machinery, equipment and parts up by C$2.9-billion in September, according to Statistics Canada, meaning the nation’s trade deficit excluding this increase would have totaled C$1.2 billion for the month — an even smaller gap than the C$1.7 billion deficit that economists had been estimating.

  • Norway Oil Worker Talks Hold 6% of Production in the Balance - Bloomberg

    Norway is facing the first oil worker strike since 2012 as government-mediated talks for platform workers approach a Friday midnight deadline.
    Should the talks fail, more than 700 workers will walk off the job, affecting fields run by Exxon Mobil Corp., Engie SA and Wintershall as well as drilling operations at Statoil ASA. About 6 percent of the oil and gas output in western Europe’s largest producer will be halted, according to the Norwegian Oil and Gas Association.
    Should a strike materialize, output at fields such as Balder, Gjoea and Vega will see production cut, according to the group. While the walkout will include KCA Deutag Drilling Norway AS employees on Statoil ASA platforms, including on Oseberg and Gullfaks, Statoil will maintain production even as drilling operations halt, Morten Eek, a spokesman for Norway’s largest oil company, said on Wednesday.

  • Réactivation probable de la dispute territoriale entre le Venezuela et la Guyana. (article du 20/05/2015)

    ExxonMobil Announces Significant Oil Discovery Offshore Guyana | Guyana Graphic

    Exxon Mobil Corporation (NYSE:XOM) today announced a significant oil discovery on the Stabroek Block, located approximately 120 miles offshore Guyana.
    The well was drilled by ExxonMobil affiliate, Esso Exploration and Production Guyana Ltd., and encountered more than 295 feet (90 meters) of high-quality oil-bearing sandstone reservoirs. It was safely drilled to 17,825 feet (5,433 meters) in 5,719 feet (1,743 meters) of water. Stabroek Block is 6.6 million acres (26,800 square kilometers).
    “I am encouraged by the results of the first well on the Stabroek Block,” said Stephen M. Greenlee, president of ExxonMobil Exploration Company. “Over the coming months we will work to determine the commercial viability of the discovered resource, as well as evaluate other resource potential on the block.”

    Et donc, comme il y a deux ans (c’était sur le bloc #Roraima et la compagnie Anadarko)

    (fond de carte de Guyana, mais tracés du Venezuela…)