Energy factor

ExxonMobil Starts Production at Guyana’s Second Offshore Development

Retrieved on: 
Friday, February 11, 2022
Engineering, Chemicals, Plastics, Other Energy, Oil, Gas, Manufacturing, Energy, Other Manufacturing, Destiny, Stabroek, ExxonMobil, Documentation, Government, FPSO, SEC, Energy factor, Annual report, Form 10-K, Travel, American Bureau of Shipping, Technology, Yellowtail, Prosperity, Risk, Payara, Investor, Industry, Oil, Petroleum, COVID-19

ExxonMobil today said it started production at Guyanas second offshore oil development on the Stabroek Block, Liza Phase 2, bringing total production capacity to more than 340,000 barrels per day in only seven years since the countrys first discovery .

Key Points: 
  • ExxonMobil today said it started production at Guyanas second offshore oil development on the Stabroek Block, Liza Phase 2, bringing total production capacity to more than 340,000 barrels per day in only seven years since the countrys first discovery .
  • With unparalleled project execution, we now have two production facilities operating offshore Guyana.
  • Timely development of these additional projects and continued exploration success offshore will enable the steady advancement of Guyanese capabilities and enhanced economic growth.
  • ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45% interest.

Citi Retail Services and ExxonMobil™ Sign Multi-Year Renewal for Private Label Consumer Credit Card

Retrieved on: 
Tuesday, February 1, 2022
Professional Services, Retail, Other Retail, Oil, Gas, Energy, Finance, Banking, Citigroup, Sale, Condition, Smart card, Co-operative Retail Services, Technology, Energy factor, ExxonMobil, Partnership, Human, Online shopping, Petroleum, Payment card, Exxon, Mobil

Citi Retail Services, one of North America's largest and most experienced retail credit solution providers, and ExxonMobil announced today an extension of their wide-reaching credit card relationship.

Key Points: 
  • Citi Retail Services, one of North America's largest and most experienced retail credit solution providers, and ExxonMobil announced today an extension of their wide-reaching credit card relationship.
  • We are excited to launch an enhanced Exxon Mobil consumer credit card alongside Citi Retail Services, said Yan Cote, ExxonMobil Marketing Consumer Offer Manager.
  • We are delighted to announce another multi-year extension of our partnership with ExxonMobil, said Leslie McNamara, Business Head, Partner Management, Citi Retail Services.
  • Exxon Mobil Rewards+ points will not be earned on purchases made with the Exxon Mobil Smart Card+ credit card.

ExxonMobil Streamlines Structure to Enhance Effectiveness, Grow Value, Reduce Costs

Retrieved on: 
Monday, January 31, 2022
Oil, Gas, Manufacturing, Energy, Engineering, Chemicals, Plastics, Carbon, Linda, Government, Investor, Goal, Chemical substance, Technology, Efficiency, Research, Lubricant, COVID-19, Transport, Workforce, Plastic, Petroleum, Agriculture, Health, Solution, ExxonMobil, Upstream, Energy factor, Form 10-K, Risk, Aviation, Environment, Polyethylene, No, Recycling, Engineering

ExxonMobil said today it is further streamlining its business structure by combining chemical and downstream companies and centralizing technology and engineering, and other support services, to better support customers, enhance performance and grow value.

Key Points: 
  • ExxonMobil said today it is further streamlining its business structure by combining chemical and downstream companies and centralizing technology and engineering, and other support services, to better support customers, enhance performance and grow value.
  • Effective April 1, the company will be organized along three business lines ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.
  • Karen McKee, formerly president of ExxonMobil Chemical Company has been appointed to lead ExxonMobil Product Solutions.
  • Linda DuCharme, formerly president of ExxonMobil Upstream Integrated Solutions and ExxonMobil Upstream Business Development, has been appointed to lead ExxonMobil Technology and Engineering Company.

ExxonMobil Appoints Jennifer Driscoll as Vice President of Investor Relations; Stephen Littleton to Retire

Retrieved on: 
Friday, January 28, 2022
Professional Services, Other Energy, Utilities, Oil, Gas, Energy, Finance, Baytown Refinery, Exxon, University, Communication, University of Missouri–St. Louis, University of St. Thomas (Minnesota), Technology, Energy factor, DuPont, Knowledge, RBC Capital Markets, Campbell Soup Company, ExxonMobil, Caterpillar Inc., MBA, Moses Austin, Management

ExxonMobil said today that Jennifer Driscoll has been appointed vice president of investor relations, effective Feb. 7, replacing Stephen Littleton, who has elected to retire after 30 years of service.

Key Points: 
  • ExxonMobil said today that Jennifer Driscoll has been appointed vice president of investor relations, effective Feb. 7, replacing Stephen Littleton, who has elected to retire after 30 years of service.
  • We welcome Jennifer to ExxonMobil and will leverage her knowledge and experience to enhance our communication with shareholders, said Kathryn Mikells, senior vice president and chief financial officer.
  • Driscoll joins ExxonMobil from Caterpillar, Inc., where she was director of investor relations since 2019.
  • Littleton, who has been investor relations vice president since 2020, joined Exxon Company USA in 1992 as a financial analyst at the Baytown Refinery.

ExxonMobil Announces Ambition for Net Zero Greenhouse Gas Emissions by 2050

Retrieved on: 
Tuesday, January 18, 2022
Chemicals, Plastics, Other Energy, Environment, Oil, Gas, Manufacturing, Energy, Carbon, Permian, Zero, Energy, Research, Technology, Energy factor, Mobil, Exxon, United Nations, Population growth, Probability, COVID-19, Intergovernmental Panel on Climate Change, International Energy Agency, Achievement, Biofuel, Methane, XTO, Solution, Government, Uncertainty, Investor, Steam, Industry, ExxonMobil, Hydrogen, Corporation, Methane emissions, Paris Agreement, Paris, European, Annual report, Climate, Economic development, Policy, Investment, Renewable energy, Natural gas, Esso

ExxonMobil today announced its ambition to achieve net zero greenhouse gas emissions for operated assets by 2050, backed by a comprehensive approach to develop detailed emission-reduction roadmaps for major facilities and assets.

Key Points: 
  • ExxonMobil today announced its ambition to achieve net zero greenhouse gas emissions for operated assets by 2050, backed by a comprehensive approach to develop detailed emission-reduction roadmaps for major facilities and assets.
  • ExxonMobil is also committed to helping customers reduce their greenhouse emissions by investing in carbon capture and storage, hydrogen and biofuels.
  • Bio-based feed and plastic waste streams provide further opportunities for lowering greenhouse gas emissions.
  • The reference to any scenario, including any potential net zero scenario, does not imply ExxonMobil views any particular scenario as likely to occur.

ExxonMobil Expands Interest in Biofuels, Acquires Stake in Biojet AS

Retrieved on: 
Tuesday, January 11, 2022
Oil, Gas, Natural Resources, Environment, Alternative Energy, Energy, Chemicals, Plastics, Manufacturing, Forest Products, Carbon, Aviation, Research, Technology, Energy factor, Mobil, Exxon, Forestry, Biofuel, XTO, Orangi Pilot Project, Investor, View, ExxonMobil, Efficiency, Imperial Oil, Corporation, Lubricant, Transport, Renewable energy, Esso, Mellem Slagene

Biojet AS plans to develop up to five facilities to produce the biofuels and biofuel components.

Key Points: 
  • Biojet AS plans to develop up to five facilities to produce the biofuels and biofuel components.
  • The agreement enables ExxonMobil to purchase as much as 3 million barrels of the products per year, based on the potential capacity of five facilities.
  • The agreement with Biojet AS advances ExxonMobils efforts to provide lower-emissions products for the transportation sector, said Ian Carr, president of ExxonMobil Fuels and Lubricants Company.
  • Using our access at the Slagen terminal, we can efficiently distribute biofuels in Norway and to countries throughout northwest Europe.

ExxonMobil Makes Two Discoveries Offshore Guyana

Retrieved on: 
Wednesday, January 5, 2022
Oil, Gas, Energy, Fangtooth, Government, Investor, Laulau, Energy factor, Unity, Liza, Risk, ExxonMobil, SEC, Prosperity, Lau, Travel, FPSO, Technology, Stabroek, Form 10-K, Environmental impact assessment, Annual report, Water, Petroleum, Natural gas, Oil, COVID-19

ExxonMobil today said it made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana.

Key Points: 
  • ExxonMobil today said it made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana.
  • These discoveries will add to the previously announced recoverable resource estimate for the block, of 10 billion oil-equivalent barrels.
  • Fangtooth was drilled by the Stena DrillMAX, and Lau Lau was drilled by the Noble Don Taylor, which are two of six drillships supporting exploration and development drilling across three blocks operated by ExxonMobil offshore Guyana.
  • Hess Guyana Exploration Ltd. holds 30% interest and CNOOC Petroleum Guyana Limited holds 25% interest.

ExxonMobil and Scepter, Inc. to Deploy Satellite Technology for Real-Time Methane Emissions Detection

Retrieved on: 
Monday, December 13, 2021
Data Management, Other Energy, Technology, Satellite, Oil, Gas, Energy, Permian, Zero, ExxonMobil, Agriculture, Solution, Sulfur, Greenhouse, Sceptre, Investor, Global Methane Initiative, Nitrogen, ESG, Industry, Methane, Non-governmental organization, Research, Transport, Energy factor, Climate change, Investment, Tax, Technology, Carbon, Natural gas, Coal, Satellite navigation device, ExxonMobil, Scepter, Inc., EXXONMOBIL, SCEPTER, INC.

ExxonMobil and Scepter, Inc. have agreed to work together to deploy advanced satellite technology and proprietary data processing platforms to detect methane emissions at a global scale.

Key Points: 
  • ExxonMobil and Scepter, Inc. have agreed to work together to deploy advanced satellite technology and proprietary data processing platforms to detect methane emissions at a global scale.
  • This is another example of how ExxonMobil is investing in technology with leading innovators to align with the Global Methane Pledge to reduce methane emissions by 30% by 2030, compared to 2020 levels.
  • In the first phase of the project, the companies will design and optimize the plan for satellite placement and coverage, initially focused on capturing methane emissions data from ExxonMobil operations in the Permian Basin.
  • Scepters satellite detection technology has shown the ability to accurately collect data on methane, while also identifying sources of carbon dioxide, nitrogen oxides, sulfur oxides, and other greenhouse gases.

Materia Inc. to Join ExxonMobil Chemical Company as Wholly-Owned Subsidiary

Retrieved on: 
Tuesday, December 7, 2021
Engineering, Other Energy, Oil, Gas, Manufacturing, Alternative Energy, Energy, Other Manufacturing, NYSE, Investor, Hydrogen, Carbon, Research, Technology, Arnhold and S. Bleichroeder, Primary energy, Nobel Prize, Polymer, Ruthenium, Steel, Energy factor, CEO, Proxima, ExxonMobil, Ig Nobel Prize, Science, Department, XOM, Intellectual property, Wind, ROMP, Acquisition, Petroleum, Fine chemical, Carbon fibers, Renewable energy, ExxonMobil, Materia, EXXONMOBIL, MATERIA

Materia, Inc., a high-performance structural materials company that has pioneered the development of a Nobel Prize-winning technology for making a new class of polymers, today announced that it has been acquired by ExxonMobil Chemical Company, a division of ExxonMobil Corporation (NYSE: XOM).

Key Points: 
  • Materia, Inc., a high-performance structural materials company that has pioneered the development of a Nobel Prize-winning technology for making a new class of polymers, today announced that it has been acquired by ExxonMobil Chemical Company, a division of ExxonMobil Corporation (NYSE: XOM).
  • With initial support from CalTech and private investor capital, Materia has achieved commercial applications in several sectors, including oil & gas and industrial molding applications.
  • Since 2017, ExxonMobil and Materia have been collaborating to research further uses for Proxima under a joint development agreement, including wind blade and anti-corrosion coatings.
  • ExxonMobil intends to operate the business under the Materia company name as a wholly owned subsidiary.

ExxonMobil Acquires Materia, Inc., a High-Performance Structural Polymers Company

Retrieved on: 
Tuesday, December 7, 2021
Engineering, Other Energy, Oil, Gas, Manufacturing, Alternative Energy, Energy, Other Manufacturing, Twitter, Investor, Research, Nobel Prize, List of Nobel laureates, Polymer, Ruthenium, Steel, Energy factor, Industry, Nobel Prize in Chemistry, ExxonMobil, California Institute for Telecommunications and Information Technology, Electricity, LinkedIn, Wind, Acquisition, Renewable energy, Petroleum

ExxonMobil Chemical Company has acquired California-based Materia, Inc., a technology company that has pioneered the development of a Nobel prize-winning technology for manufacturing a new class of materials.

Key Points: 
  • ExxonMobil Chemical Company has acquired California-based Materia, Inc., a technology company that has pioneered the development of a Nobel prize-winning technology for manufacturing a new class of materials.
  • Due to their strength, the materials could also be used as a light-weight, corrosion-resistant replacement for steel in certain construction applications.
  • We are reimagining how new hydrocarbon-based materials can form the building blocks to help multiple industries achieve a more sustainable future, said Karen McKee, president of ExxonMobil Chemical Company.
  • ExxonMobil intends to operate the business under the Materia company name as a wholly owned affiliate.