ExxonMobil (NYSE:XOM)

Global Oil & Gas: ExxonMobil’s profit doubles in Q2

Posted on August 1, 2017 by Mozambique Resources Post

US energy giant and LNG player and future Rovuma basin Mamba developer, ExxonMobil, said Friday that second-quarter profit doubled on higher oil and gas prices.

Africa Oil & Gas: Qatar LNG expansion plans, a collateral damage to East African gas projects

Posted on July 19, 2017 by Mozambique Resources Post

Qatar plans for LNG capacity expansion could be bad news for projects in east Africa operated by Eni, Anadarko, Shell and Statoil that have yet to take final investment decisions (the Eni-led Coral floating LNG project offshore Mozambique announced its FID on June 1 – BP is the venture’s off-taker). However, such pending projects could be saved if an Asian buyer saw them as a way of weakening Qatar or simply of diversifying away from Qatar.

Mozambique Oil & Gas: “Russia’s Rosneft Plans To Open Country Office” – Diplomat

Posted on July 14, 2017 by Mozambique Resources Post

Rosneft is preparing to open an office in Mozambique, a senior Mozambican diplomat quoted by Reuters news agency said, a further sign that the Russian oil major is eyeing oil and gas deals in Africa.

Africa Oil & Gas: ExxonMobil grabs more acreage off Equatorial Guinea

Posted on June 7, 2017 by Mozambique Resources Post

US-based energy giant and LNG player ExxonMobil on Monday signed a production sharing contract with the government of Equatorial Guinea for a deepwater block located 36 miles west of Malabo.

Global Industry: The Exxon’s Climate Change Proxy Costs

Posted on June 6, 2017 by Mozambique Resources Post

New York’s top cop told a judge that an investigation into Exxon Mobil Corp.’s public statements about climate change uncovered “significant evidence” the oil giant may have misled investors.

Mozambique Oil & Gas: Natural gas exploration to have final investment decision

Posted on May 8, 2017May 8, 2017 by Mozambique Resources Post

The projects that could transform Mozambique into one of the world’s largest producers of natural gas are about to begin, with some of the largest groups in the sector, such as the China National Petroleum Corporation, looking to Asia as the market for their products.

Mozambique Oil & Gas: Costs of ENI, for calculation of Capital Gains, “are acceptable” – Tax Authority said

Posted on April 4, 2017 by Mozambique Resources Post

The Mozambique Tax Authority (ATM) told @Verdade that costs considered by ENI (Ente Nazionale Idrocarburi) SpA for the calculation of capital gains on the billionaire business conducted with Exxon Mobil “are acceptable” and clarified that ” taxes in Mozambique are self-winding because it is the taxpayer who bears the statement “.

CONFIRMED: ExxonMobil to acquire 25 percent interest in Mozambique Area 4 from Eni

Posted on March 9, 2017 by Mozambique Resources Post

San Donato Milanese (MI), 9 March 2017 – ExxonMobil and Eni have signed today a sale and purchase agreement to enable ExxonMobil to acquire from Eni a 25 percent indirect interest in the natural gas-rich Area 4 block, offshore Mozambique. Eni currently holds a 50 percent indirect share in the block through a 71.4 percent stake in Eni East Africa, which owns 70 percent of the Area 4 concession.

Global Oil & Gas: ExxonMobil to boost capital spending in 2017

Posted on March 8, 2017 by Mozambique Resources Post

US-based energy giant ExxonMobil is aiming to increase its capital spending by 16 percent in 2017, reaching $22 billion.

Africa Oil & Gas: ExxonMobil may help pay for Sonangol for oil platforms

Posted on February 28, 2017February 28, 2017 by Mozambique Resources Post

The ExxonMobil Corporation may help resolve the payment for two oil platforms ordered by Sociedade Nacional de Comubustíveis de Angola (Sonangol) from South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME), reports the Angolan newspaper Novo Jornal.

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