ExxonMobil

President Trump publicly asserted that ExxonMobil is returning to Venezuela after the company’s CEO earlier called the country “uninvestable.” Chevron has confirmed an expanded deal with enhanced fiscal and legal terms and plans to invest over $7 billion to boost production, signaling Caracas may be granting the protections Exxon has sought. If ExxonMobil returns on similar improved terms, it would strengthen its long-term production plans and merit investor attention. » Más en finance.yahoo.com

ExxonMobil warns Tengiz field output will peak next year and could drop about 40% to ~500,000 bpd by 2035. The company may offset the loss via Kashagan—potentially adding up to 600,000 bpd—but investment is stalled by a dispute with Kazakhstan. Exxon is also investing $100 billion through 2030 to lift production to 5.5 million bpd by 2035, citing growth in the Permian, Guyana and LNG projects (including Rovuma and possible Papua New Guinea developments) and new midstream deals with Targa Resources. » Más en finance.yahoo.com

ExxonMobil, on behalf of the Area‑4 consortium, has awarded contracts worth around $1.1 billion for pre‑investment in upstream equipment for the first phase of the Rovuma LNG project in Cabo Delgado. The contracts cover subsea production systems, large‑bore production valves and offshore pipelines; the largest award went to OneSubsea UK and OneSubsea AS with Aker Solutions Mozambique as on‑site supporter. Other suppliers include Advanced Technology Valve, Corinth Pipeworks, Sumitomo Corporation of America and Zhejiang Jiuli Hi‑Tech Metals, and the awards are intended to advance the final investment decision. » Más en de.investing.com