Exxon Mobil Corp. has reached an agreement to sell its conventional oil drilling assets in the Permian Basin of Texas and New Mexico to Hilcorp Energy for approximately $1 billion, according to Reuters.
ADNOC has announced that it has entered into an agreement with ExxonMobil Corporation to develop a low-carbon hydrogen and ammonia production facility in Baytown, Texas.
Lime Rock Resources will buy oil and gas properties in the Delaware Basin of Texas for $508.3 million from “a private seller”.
Shell expects its fuel sales to decline or stay broadly steady in Q1 2021 as some Coronavirus restrictions ease, according to Reuters.
Shell resumed the gasoline, and diesel producing units on March, 15 at its 318,000 barrels per day (bbl/d) at Deer park, a joint venture refinery, in Texas, according to Reuters.
Lightsource BP company announced it has successfully completed the financing package of $380 million for Elm Branch and Briar Creek solar projects in Texas.
US oil output fell 3.6% to 10.6 million barrels per day (mmbbl/d) in August as the offshore Gulf of Mexico production collapsed to a near seven-year low.
US supermajor ConocoPhillips has withdrawn its request to extend 41 flaring permits at its sites in West Texas following operational improvements
US Crude oil production fell by 0.2%, or 28,000 barrels of oil per day (bbl/d), to 12.7 million barrels per day (mmbbl/d).
SABIC announced that it has obtained the regulatory approvals to establish a petrochemical project with ExxonMobil in the US Gulf Coast.
