Exxon Mobil in Nigeria Deal to Build Plant
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Oil giant Exxon Mobil Corp. said Wednesday it is teaming up with Nigeria's state-owned oil company to build a plant to produce natural gas on the country's Atlantic coast for markets in Europe and America.
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Exxon Mobil Corp.  plans to  spend about $20 billion annually through 2011 and start  production at 25 major oil and gas projects over the next three  years, the world's largest publicly traded oil company said on  Wednesday.
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Oil rose as Nigeria, the world top oil exporter, sees the call for a strike later this month. December crude oil lifted 24 cents to $52.
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Oil company reachs deal over 2005 refinery explosion, oil spill and propane price-fixing.
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U.S.-based oil major Exxon Mobil Corp.  XOM.N is seeking talks with Indonesian state oil company  Pertamina and the government after it was shut out of the Cepu  oil block, a spokeswoman said on Monday.
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ExxonMobil Chemical Technology Licensing LLC and S-Oil Corporation today  announced the successful start-up of ExxonMobil's PxMax technology at  S-Oil's Onsan refinery and chemical complex in South Korea.
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Nigeria, the world's eighth biggest oil   exporter, is trimming supplies from October 1 after discussions   with fellow OPEC members on how to stem a price fall, a senior   Nigerian oil industry source said on Thursday.
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Oil prices rose to record highs Monday  near $50 a barrel for U.S. crude as Nigeria emerged as the  latest focus for worries about supply in an already tight  worldwide energy market.
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Royal Dutch/Shell Group of Cos., Exxon Mobil Corp. and the Dutch government struck a deal Monday giving the Netherlands - the third-largest gas producer in Europe - more control of the Dutch gas company Gasunie.
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Oil company and US regulators reach deal over 2005 Texas City refinery explosion, last year's Alaska oil spill and a propane price-fixing scandal.
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Nigeria's Senate has ordered a subsidiary of petroleum giant Royal/Dutch Shell to pay a Nigerian ethnic group &#36;1.5 billion for oil spills in their homelands, but the legislative body can't enforce the resolution, an official said Wednesday.
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US energy major ExxonMobil is holding up a deal to resolve a dispute over the massive Kashagan oil field being developed by a Western-led consortium, Kazakh Energy Minister Sauat Mynbayev said on Monday.
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Oil companies BP Plc , Chevron Corp. , Total  and Statoil  have agreed to sign a deal on Monday with Venezuela for the state takeover of a majority stake in multibillion dollar oil projects, a government source told Reuters on Monday.
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ExxonMobil Chemical announced today that it will add 130,000 tons per  year of capacity to its ExxsolTM hydrocarbon  fluids plant in Jurong Island, Singapore. This will bring Singapore  fluids production to over 500,000 tons per year.
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Royal Dutch Shell and Saudi Arabia's state oil company announced Friday they would go ahead with a $7 billion expansion of a jointly-owned Texas refinery that will make the plant one of the biggest in the world.
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Multinational oil giant, Royal Dutch/Shell has disclosed that its out put remains unchanged despite its evacuation of non-essential staff from two oil production plants in its eastern operations area in the Niger- Delta where Nigerian troops are engaged
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Port Harcourt, Nigeria - Multinational oil companies began talks with hundreds of Nigerian villagers occupying three oil platforms yesterday in a dispute over jobs that shut at least 90 000 barrels per day (bpd) of oil production.