RIYADH, KSA: Saudi Basic Industries Corporation (SABIC) has commenced commissioning activities and preparations for initial start-up of the joint venture project with Exxon Mobil in the U.S. Gulf Coast. nMobil and SABIC, called Gulf Coast Growth Ventures. The project includes the establishment of an ethylene production unit with annual capacity of about 1.8 million tons, which…
OSLO, NORWAY: DNO ASA, the Norwegian oil and gas operator, today announced that the Kurdistan Regional Government has approved the Company’s acquisition of ExxonMobil’s remaining 32 percent interest in the Baeshiqa license, doubling DNO’s stake. In parallel, commerciality has been declared on the license with plans submitted for fast-track development including early production from previously drilled…
OSLO: Agilyx Corporation has signed an agreement with ExxonMobil to become a founding member of a newly created joint venture, Cyclyx International LLC. This collaboration will bring innovative solutions for aggregating and pre-processing large volumes of plastic waste to be used as raw material to manufacture petrochemical products, including naphtha and chemical intermediate pathways. Cyclyx…
IRVING: Exxon Mobil Corporation has received notice of an unsolicited mini-tender offer by Ponos Industries LLC to purchase up to 1 million shares of ExxonMobil common stock, which represents approximately 0.024 percent of the shares outstanding as of the April 27, 2020 offer date. Ponos’ offer price of $48 per share is conditioned on the…
OSLO: Aker Solutions has secured a five-year contract extension from ExxonMobil Canada Properties for the provision of engineering, procurement and construction (EPC) services for the Hebron platform, offshore Newfoundland. The contract is an extension for a 5-year period, starting in the summer of 2020. Aker Solutions has provided EPC services to Hebron since 2015. The…
SYDNEY, AUSTRALIA: Perunding Ranhill Worley (PRW) has been awarded a 5-year engineering, procurement and construction management (EPCM) contract by ExxonMobil Exploration and Production Malaysia Inc. Ranhill Worley is a joint venture entity between the Worley group and Ranhill Group and is the entity that performs services for PRW. The Worley group is also a joint…
HOUSTON: ExxonMobil has inked a gas supply deal with Pakistan’s energy company Universal Gas Distribution Company (UGDC), according to which commercial import of LNG by private sector would commence for the first time. “The first shipment of LNG is expected by the next month which will change the entire gas landscape in Pakistan,” CEO of…
SINGAPORE: Qatar Petroleum for the Sale of Petroleum Products Company (QPSPP), has recently concluded a 5-year sale agreement with ExxonMobil Trading Asia Pacific Pte. Ltd. (EXTAP), a division of ExxonMobil Asia Pacific Pte. Ltd. based in Singapore. Under the agreement, QPSPP will supply ExxonMobil’s Singapore Integrated Manufacturing Complex with a total of 6 million barrels…