Standard Oil
Drilling in Crete by ExxonMobil: Geopolitical developments & economic data
ExxonMobil has intensified contacts with the Greek government to ensure the smooth implementation of the program
Exxon settles Indonesia torture lawsuit
ExxonMobil has settled a long-running lawsuit brought by Indonesian villagers who alleged human rights violations by Indonesian military officials providing security to the oil giant.
The two sides agreed to resolve "all matters," said a joint filing from the opposing counsel that did not disclose terms of the agreement.
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ExxonMobil reports record profits of $55.7 bln in 2022
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ExxonMobil reported record annual profits of $55.7 billion in 2022 on Jan. 31, reflecting higher commodity prices amid recovering demand and the impacts of Russia's invasion of Ukraine.
In the fourth quarter, profits rose 43.7 percent to $12.8 billion, thanks to higher oil and natural gas prices and better refining margins compared with the year-ago period.
Reserve off Crete is promising
Τhe seismic data ExxonMobil's Sanco Swift research vessel has collected so far offer clear indications of the existence of an important hydrocarbon field in the area south of Crete.
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Data indicate large gas deposits off Crete, says minister
Seismic data obtained so far by the Sanco Swift, the Norwegian exploration vessel leased by ExxonMobil, southwest of the island of Crete, allegedly point to the existence of large natural gas deposits in the area.
Global oil, gas discoveries reach four-year high in 2019
Global oil and gas discoveries in 2019 of 12.2 billion barrels of oil equivalent (boe) represents the highest volumes since 2015, according to Rystad Energy's data on Jan. 9.
Headquartered in Norway, Rystad Energy is an independent energy research and business intelligence company providing data, tools, analytics and consultancy services to the global energy industry.
New Cyprus gas find seen as game changer
The announcement on Thursday that US energy giant ExxonMobil has made a "world-class" discovery in Block 10 of Cyprus's exclusive economic zone (EEZ), containing 5-8 trillion cubic feet of gas, was widely seen as signifying that the energy game in the Eastern Mediterranean has only just begun and the main players' next moves will determine their future geopolitical position in the wider region.
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Exxon, Chevron seek to exit Azerbaijan's oil after 25 years
Exxon Mobil and Chevron are seeking to sell their stakes in Azerbaijan's largest oilfield, marking the retreat of the U.S. majors from the former Soviet state after 25 years as they re-focus on domestic production.
Exxon focused on Cyprus's plot 10 despite tensions, VP says
Despite rising tensions between Ankara and Nicosia over gas exploration in the Eastern Mediterranean, Exxon-Mobil Vice President Tristan Asprey has said that the American energy giant and its partner, Qatar Petroleum, remain focused on drilling in plot 10 of Cyprus's exclusive economic zone.
One of the Biggest Real Estate Investors in Bulgaria Sells its Brokerage Business
Arco Vara AS will sell 100% of its subsidiaries Arco Vara Kinnisvarabüroo AS (Estonia) and Arco Real EOOD (Bulgaria) to the management teams in the two countries, according to a release on the company's website. The two companies will continue to work under Arco's trademarks as well as use databases and other intellectual property under an agreement signed for 5 years.