The Latest Breaking News from ExxonMobil

Lena Platform Reefing: ExxonMobil tower becomes deepwater reef; project preserves marine environment

In July 2020, ExxonMobil transformed its Lena platform into a deepwater artificial reef, marking a significant shift in marine conservation. Originally established in 1983 as the Gulf's pioneering cable-stabilized production platform, it served for over thirty-five years before decommissioning. Thanks to the Rigs-to-Reefs Program, this initiative not only preserves vital…

The Times of India · Sep 22

Karnataka seeks bigger ExxonMobil footprint in Bengaluru, eyes skilling and startup tie-ups

Karnataka's Home Minister met with ExxonMobil to discuss expanding their Bengaluru operations. Discussions focused on skilling, startup support, and joint innovation initiatives. The state recently approved significant investment projects creating many new jobs. These projects include aerospace, electronics, and IT space development. Toyota Kirloskar Motor will also establish a business…

The Economic Times · Sep 13

Santos to increase stake in huge $20b PNG gas project

Santos is paying $262 million to acquire greater ownership in the Papua LNG gas project as a final decision looms on whether it will proceed.

AAP · Sep 8

The Latest: Chevron expanding in Venezuela as Trump deal claims more oil reserves

Oil giant Chevron is expanding its operations in Venezuela as some details emerge about President Donald Trump's separate deal for a U.S.-controlled joint venture to develop more of the nation's proven reserves

The Independent UK · Sep 2

Trump's oil deal with Venezuela raises red flags for some major producers, sources say

A proposed US deal granting North American Blue Energy Partners a 100-year lease over 17 Venezuelan oilfields is raising concerns among major oil companies. The arrangement would give the US a 35% stake and guaranteed oil access, while NABEP’s Venezuelan owner Alejandro Betancourt’s past investigations add uncertainty for potential investors.

The Economic Times · Sep 1

Musk Bets $100B on World's Largest Spaceport in Louisiana: 10K+ Jobs, 1M AI Satellites Planned

SpaceX will spend $100B on a Louisiana spaceport, its largest, to fly Starship and launch up to 1 million AI data-centre satellites into orbit.

International Business Times UK · Aug 27

Exxon Mobil fined £267,000 over leaks of flammable gas at Scottish plant

The Health and Safety Executive carried out an investigation.

Evening Standard · Aug 26

Two planned datacentres will have higher UK carbon emissions than ExxonMobil, analysis finds

Exclusive: Buckinghamshire and Bedfordshire sites predicted to emit 4.5m tonnes a year when fully running

The Guardian - UK · Aug 25

Exxon, Lyondell among suitors for Shell's US chemical assets, could fetch $8 billion, FT reports

Shell is reportedly seeking to sell its U.S. chemical assets for up to eight billion dollars. Several major companies and a private equity firm have expressed interest in these facilities. Potential buyers submitted non-binding offers last month for the entire business or parts. This divestment aligns with Shell's strategy to…

The Economic Times · Aug 24

BP to develop offshore gasfield in Venezuela with firms linked to Trump administration

Move will be one of first large-scale foreign investments in country since US ousted leader Nicolás Maduro in January

The Guardian - UK · Aug 14