April 06, 2020

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ExxonMobil

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ExxonMobil evaluating significant near-term capital and operating expense reductions

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 […]

March 17, 2020
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ExxonMobil proposes framework for industry-wide methane regulations

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 […]

March 4, 2020
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ExxonMobil, FuelCell Energy expand agreement for carbon capture technology

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. […]

November 13, 2019