ExxonMobil reports annual loss for 2020
The company has reported a net annual loss of US$22.4 billion for 2020, on the write down and losses in oil production and refining, compared with a full-year profit of US$14.34 billion in 2019.
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The company has reported a net annual loss of US$22.4 billion for 2020, on the write down and losses in oil production and refining, compared with a full-year profit of US$14.34 billion in 2019.
The Perfecta rock charge is designed to improve well stimulation and productivity, and prolong the lifespan of conventional wells.
ExxonMobil Low Carbon Solutions will initially focus on carbon capture and storage, and is advancing plans for more than 20 new carbon capture and storage opportunities around the world.
The sale, for an enterprise value of US$405 million, was first announced on 5 October 2020.
For 4Q20, BP reported a profit of US$115 million.
C-Innovation will supply and complete all project management and engineering to provide a complete RLWI system utilising technology from Baker Hughes, Caltex Oil Tools and Halliburton.
Block 61, covering around 3950 km2 in central Oman, contains the largest tight gas development in the Middle East.
Wressle lies on licences PEDL180 & 182 in the UK, in which Europa Oil & Gas holds a 30% working interest alongside Egdon Resources (30% and operator), and Union Jack Oil (40%).
Chevron has announced an US$11 million 4Q20 loss.
Improving commercial models which support cost reduction whilst incentivising the supply chain could re-energise collaborative culture, according to the findings of the annual Deloitte and OGUK Collaboration Report.
The drilling programme for well 31/11-1 S relates to the drilling of a wildcat well in production licence 785 S.
Wood Mackenzie has outlined three themes that will impact oil markets and refining in 2021.