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ExxonMobil : Oil group strikes huge oil reserves in offshore Nigeria - Pulse Nigeria

ExxonMobil : Oil group strikes huge oil reserves in offshore NigeriaPulse NigeriaUS oil and gas group ExxonMobil says it has discovered up to one billion barrels of oil in an offshore field in Nigeria, signalling a boost to the country's crude reserves. The company said in a statement on its website on Thursday that the Owowo field ...and more »

ExxonMobil Announces Major Oil Discovery Offshore Nigeria - Leadership Newspapers;

ExxonMobil Announces Major Oil Discovery Offshore Nigeria - Leadership Newspapers

Leadership NewspapersExxonMobil Announces Major Oil Discovery Offshore NigeriaLeadership NewspapersThe Owowo-3 well, which was spud on September 23, encountered about 460 feet (140 meters) of oil-bearing sandstone reservoir. Owowo-3 extends the resource discovered by the Owowo-2 well, which encountered about 515 feet (157 meters) of ...and more »

ExxonMobil discovers one billion oil barrels in Nigeria - FINANCIAL WATCH (press release) (blog);

ExxonMobil discovers one billion oil barrels in Nigeria - FINANCIAL WATCH (press release) (blog)

FINANCIAL WATCH (press release) (blog)ExxonMobil discovers one billion oil barrels in NigeriaFINANCIAL WATCH (press release) (blog)United States-based Exxon Mobil Corporation on Thursday said it had discovered up to one billion barrels of oil on the Owowo field offshore Nigeria. The oil major said it was “a significant discovery with a potential recoverable resource of between 500 ...and more »

ExxonMobil strikes 1-billion-barrel well off Nigerian shores - Fox News

ExxonMobil strikes 1-billion-barrel well off Nigerian shoresFox NewsLAGOS, Nigeria – ExxonMobil says it has discovered up to 1 billion barrels of oil off Nigeria's shores. ADVERTISEMENT. A statement Thursday says the "significant discovery" at Owowo-3 well extends an existing field worked by the U.S. multinational.and more »

ExxonMobil Finds Potential 1 Billion Barrel Oil Field Offshore Nigeria - Rigzone;

ExxonMobil Finds Potential 1 Billion Barrel Oil Field Offshore Nigeria - Rigzone

RigzoneExxonMobil Finds Potential 1 Billion Barrel Oil Field Offshore NigeriaRigzoneExxonMobil has a 27% interest holding in the Owowo field with Chevron, Total, Nexen and the Nigeria Petroleum Development Company. Off the coast of Nigeria, Exxon Mobil Corp. and its partners have found a reservoir that is estimated to hold between 500 ...and more »

ExxonMobil Warns of a Rare Upcoming Occurrence During Its Third-Quarter Earnings - Motley Fool;

ExxonMobil Warns of a Rare Upcoming Occurrence During Its Third-Quarter Earnings - Motley Fool

Motley FoolExxonMobil Warns of a Rare Upcoming Occurrence During Its Third-Quarter EarningsMotley FoolWhen ExxonMobil is warning of asset writedowns, you know the industry is still going through tough times. Tyler Crowe. (TMFDirtyBird). Oct 29, 2016 at 11:45AM. It's not that often that ExxonMobil (NYSE:XOM) has to warn its investors about something ...and more »

ExxonMobil strikes huge oil reserves in offshore Nigeria - Nigeria Today

ExxonMobil strikes huge oil reserves in offshore NigeriaNigeria TodayUS oil and gas group ExxonMobil says it has discovered up to one billion barrels of oil in an offshore field in Nigeria, signalling a boost to the country's crude reserves. The company said in a statement on its website on Thursday that the Owowo field ...and more »

ExxonMobil strikes 1-billion-barrel well off Nigerian shores - Cosumnes Connection (subscription);

ExxonMobil strikes 1-billion-barrel well off Nigerian shores - Cosumnes Connection (subscription)

Cosumnes Connection (subscription)ExxonMobil strikes 1-billion-barrel well off Nigerian shoresCosumnes Connection (subscription)USA oil and gas group ExxonMobil says it has discovered up to one billion barrels of oil in an offshore field in Nigeria, signalling a boost to the country's crude reserves. The Owowo-3 well, which was spud on September 23, according to Exxon ...and more »

Earnings blow to firms - Gulf Digital News;

Earnings blow to firms - Gulf Digital News

Gulf Digital NewsEarnings blow to firmsGulf Digital NewsNEW YORK: Low crude prices and weak refining margins weighed on third-quarter profits at US oil giants ExxonMobil and Chevron in reports yesterday, but earnings rose compared with the prior two quarters. The results were the latest sign of pain for the ...and more »

ExxonMobil, Chevron profits drop - Reuters;

ExxonMobil, Chevron profits drop - Reuters

ReutersExxonMobil, Chevron profits dropReutersLow oil prices are still inflicting pain. Earnings even fell at their refinery units, which usually fare well in times of low oil prices. Jeanne Yurman reports. △ Hide Transcript. ▷ View Transcript. Big Oil reporting a big drop in quarterly profits ...and more »

Exxon Mobil's (XOM) Q3 2016 Results - Earnings Call Transcript - Seeking Alpha

Exxon Mobil's (XOM) Q3 2016 Results - Earnings Call TranscriptSeeking AlphaGood day and welcome to the ExxonMobil Corporation's Third Quarter 2016 Earnings Conference Call. Today's call is being recorded. At this time, I would like to turn the call over to the Vice President of Investor Relations and Secretary, Mr. Jeff Woodbury.and more »

ExxonMobil Cuts Costs, Endures Low Oil-Price Woes - E&P;

ExxonMobil Cuts Costs, Endures Low Oil-Price Woes - E&P

E&PExxonMobil Cuts Costs, Endures Low Oil-Price WoesE&PCapturing cost-savings brought by operational efficiencies, market benefits and delivering projects on schedule and on budget are among the ways ExxonMobil Corp. (NYSE: XOM) has managed to lower capital spending by nearly 40% to $14.5 billion so far ...and more »

ExxonMobil Warns of Reserves Revisions; Chevron Records First 2015 Profit - Natural Gas Intelligence

ExxonMobil Warns of Reserves Revisions; Chevron Records First 2015 ProfitNatural Gas IntelligenceExxonMobil Corp. reported sharply lower profits for the third quarter as the prolonged decline in oil and natural gas prices exacted its toll on No. 1 U.S. producer. Chevron Corp., the No. 2 U.S. operator, also was hit by the slump in pricing, but it ...and more »

ExxonMobil Announces Oil Discovery Offshore Nigeria - Marine Technology News

ExxonMobil Announces Oil Discovery Offshore NigeriaMarine Technology NewsExxon Mobil Corporation announced a discovery with a potential recoverable resource of between 500 million and 1 billion barrels of oil on the Owowo field offshore Nigeria. The Owowo-3 well, which was spud on September 23, encountered about 140 ...and more »

Exxon's Owowo Find Could Satiate World's Oil Needs For Over A Week - Benzinga;

Exxon's Owowo Find Could Satiate World's Oil Needs For Over A Week - Benzinga

BenzingaExxon's Owowo Find Could Satiate World's Oil Needs For Over A WeekBenzingaExxon Mobil Corporation (NYSE: XOM) may have struck liquid gold as the company announced a significant oil discovery near the coast of Nigeria. Exxon said that the Owowo field located in offshore Nigeria has a potential recoverable resource of 500 ...and more »

The 5 Biggest Oil Fields In Conflict Zones - Benzinga;

The 5 Biggest Oil Fields In Conflict Zones - Benzinga

BenzingaThe 5 Biggest Oil Fields In Conflict ZonesBenzingaThis week, Exxon Mobil Corporation (NYSE: XOM) reported the discovery of a massive new oilfield in offshore Nigeria that could contain up to one billion barrels of oil. On the surface, the Owowo discovery seems like great news for Exxon and its ...and more »

Low oil prices hit ExxonMobil, Chevron earnings - The Punch;

Low oil prices hit ExxonMobil, Chevron earnings - The Punch

The PunchLow oil prices hit ExxonMobil, Chevron earningsThe PunchLow crude prices and weak refining margins weighed on third-quarter profits at US oil giants ExxonMobil and Chevron Friday. But the heavy impact of the industry's slump on company performance may have bottomed out, as earnings rose compared with the ...and more »

Exxon down 38% in Q3 - OE Digital

Exxon down 38% in Q3OE DigitalExxonMobil took a 38% decline in its Q3 2016 earnings, in addition to reducing its capital and exploration expenses by 45% during the period. Image from Exxon. The supermajor's earnings for Q3 2016 took a US$1.6 billion hit, coming in at US$2.7 billion ...and more »

ExxonMobil finds one billion bbls of oil offshore Nigeria - The Nation Newspaper;

ExxonMobil finds one billion bbls of oil offshore Nigeria - The Nation Newspaper

The Nation NewspaperExxonMobil finds one billion bbls of oil offshore NigeriaThe Nation NewspaperExxon Mobil Corporation has announced a significant discovery with a potential recoverable resource of between 500 million and one billion barrels (bbls) of oil on the Owowo field offshore Nigeria. According to the American oil giant, the Owowo field ...and more »

ExxonMobil makes another major oil discovery offshore Guyana - Jamaica Gleaner;

ExxonMobil makes another major oil discovery offshore Guyana - Jamaica Gleaner

Jamaica GleanerExxonMobil makes another major oil discovery offshore GuyanaJamaica GleanerAn American oil giant, ExxonMobil has discovered more oil offshore Guyana as it continues its exploration. ExxonMobil has not given a resource estimate for the amount of gas in the find but says the reservoir has a very healthy gas-to-oil ratio that ...and more »