ExxonMobil, one of the largest publicly traded international energy companies, is looking to significantly reduce spending as a result of market conditions caused by the novel coronavirus (COVID-19) pandemic and commodity price decreases, the company said yesterday. “Based on this unprecedented environment, we are evaluating all appropriate steps to significantly reduce capital and operating expenses […]

ExxonMobil yesterday released a model framework for industry-wide methane regulations and urged stakeholders, policymakers and governments to develop comprehensive, enhanced rules to reduce emissions in all phases of production. “ExxonMobil has been applying the principles of this framework to our oil and natural gas operations for several years, resulting in improvements that demonstrate what’s practicable […]

Neil Hansen, who is currently vice president of investor relations and corporate secretary, has been appointed vice president of fuels for Europe, Middle East and Africa. Hansen joined ExxonMobil in 2000 and after several roles in the controllers organization, became audit division manager in 2008 in Houston, Texas, U.S.A. He was senior financial advisor in […]

Esso (Thailand) Public Company Limited has announced the appointment of Adisak Jangkamolkulchai as its new chairman and managing director effective 4 February 2020. Adisak is the first Thai to assume this position. At the same time, he will also serve as chairman and managing director of ExxonMobil Limited, executive director of Thailand Major Growth Venture, […]

U.S.-based ExxonMobil, one of the world’s largest producer and marketer of petroleum products and chemicals, Tencent, one of the largest Chinese provider of  Internet value-added services (VAS) and online advertising services, Tuhu, China’s leading B2C e-commerce platform for automobile after-sales products and services, and a distribution holding company have agreed to form a joint venture […]

ExxonMobil and Fiserv announced that they are transforming the way people pay for gasoline using Amazon Alexa. Coming later this year, consumers with Alexa-enabled vehicles, Echo Auto, and other Alexa-enabled mobility devices will be able to say, “Alexa, pay for gas” when they pull up to the pump.  Alexa confirms the station location and the […]

ExxonMobil is considering making additional investments at its lubricant blending plant in Port Allen, Louisiana, U.S.A., near Baton Rouge,  the local paper The Advocate reported. The potential investment is USD22.6 million, the paper said, which would be in addition to the USD12.2 million upgrade that the company disclosed in September. The potential expansion could support […]

ExxonMobil and GE announced the launch of Mobil SHC 918 EE gas turbine oil, a new technology that may dramatically improve turbine bearing efficiency by up to 15% compared to conventional ISO VG 32 turbine oils. Designed for use in multi shaft 7HA, 9HA, 6FA.01 and 7FA GE gas turbines, this technology can help power […]

ExxonMobil and FuelCell Energy, Inc. have signed a new, two-year expanded joint-development agreement to further enhance carbonate fuel cell technology for the purpose of capturing carbon dioxide from industrial facilities. The agreement, worth up to USD60 million, will focus efforts on optimizing the core technology, overall process integration and large-scale deployment of carbon capture solutions. […]

ExxonMobil has signed agreements with the Indian Institute of Technology in Madras and Bombay, to expand its portfolio of research collaboration with India’s universities. The five-year agreements focus on progressing research in biofuels and bio-products, gas transport and conversion, climate and environment, and low-emissions technologies for the power and industrial sectors. The agreements will partner […]