By Florence Tan and Anmol Choubey (Reuters) -Exxon Mobil Corp has started production at new facilities at its Singapore oil refinery complex to produce base stocks from residue fuel, it said on Tuesday, boosting the plant's intake of high-sulphur crude. The technology combines processes to convert fuel oil and other bottom-of-the-barrel crude products into higher-value lube base stocks and distillates, Exxon said in a statement. The new facilities expand its Group-II base stocks production capacity by 2 ...

Group 1 - Exxon Mobil has made a final investment decision for the Hammerhead development offshore Guyana, marking its seventh project in the Stabroek block [3] - The Hammerhead project has a total investment of $6.8 billion and will include 18 production and injection wells [3] - The project is expected to commence operations in the near future, contributing to the company's growth in the region [3]

Core Insights - ExxonMobil has made a final investment decision (FID) on its Hammerhead project, marking the seventh major project in the Stabroek oil and gas resource play offshore Guyana, with first production expected in 2029 [2][3] Project Developments - The Hammerhead project will involve total capital outlays of $6.8 billion and will include 18 production and injection wells, increasing the total funds committed for seven approved projects to over $60 billion [6] - The consortium, led by ExxonMobil with a 45% working interest, includes CNOOC (25%) and Chevron (30%), the latter having joined after acquiring Hess Corp for $53 billion [3] - The Yellowtail project, the fourth commissioned by the consortium, has increased overall capacity to 900,000 barrels of oil per day (bpd) ahead of schedule, with Yellowtail alone contributing 250,000 bpd [4] Operational Aspects - Hammerhead operations will be supported by a floating production, storage, and offloading (FPSO) vessel developed by MODEC, Inc., which has established a long-term agreement for operations and maintenance of multiple FPSOs in Guyana [7] - The Uaru and Whiptail projects, the fifth and sixth in the Stabroek series, are currently under construction, with production expected to start in 2026 and 2027 respectively [5] Economic Impact - The offshore energy sector has significantly boosted Guyana's economy, making it the world's fastest-growing economy, as evidenced by the recent re-election of President Irfaan Ali [8] - Since the start of production in the Stabroek block in 2019, over $7.8 billion has been paid into Guyana's Natural Resource Fund, indicating a substantial economic benefit for the country [9]

Core Viewpoint - Exxon Mobil has approved the investment decision for its seventh development project in Guyana, named Hammerhead, which is projected to commence oil and gas production in 2029 [1] Group 1 - The Hammerhead project represents Exxon Mobil's continued expansion in Guyana's oil sector [1] - This development is part of Exxon Mobil's broader strategy to enhance its production capabilities in the region [1]

By Sheila Dang HOUSTON (Reuters) -Exxon Mobil said on Monday it greenlit funding its seventh development project in Guyana called Hammerhead, bringing its oil joint venture another step closer to its goal of producing 1.7 million barrels of oil equivalent per day by 2030 from the country. The prolific Stabroek Block off the coast of Guyana is one of the most significant oil discoveries in years and has propelled the South American country to become the world's fastest growing economy. First oil from the ...

Core Insights - ExxonMobil has made a final investment decision for the Hammerhead development offshore Guyana, marking a significant step in its expansion efforts in the region [1] - The Hammerhead project is the seventh development on the Stabroek block and is expected to commence production in 2029 [1] - The project will utilize a floating production storage and offloading (FPSO) vessel with a production capacity of approximately 150,000 barrels of oil per day [1] - The total investment for the Hammerhead project is estimated at US$6.8 billion, which will include 18 production wells [1]

中化新网讯 近日，埃克森宣布研发出一种新型合成石墨，可将电动汽车电池寿命延长高达30%。埃克 森美孚CEO达伦·伍兹称其为"电池性能的革命性飞跃"。他还透露，多家电动车制造商正在测试该技 术。 此前数日，埃克森宣布收购合成石墨制造商Superior Graphite，以支持公司进军电池阳极石墨市场。合 成石墨不仅用于电动汽车电池，还应用于储能系统。相较于开采的天然石墨，合成石墨生产流程更可 控，成本更低且质量更稳定，能实现更快、更智能的规模化生产，同时提供优于当前市场的石墨产品。 此次收购与技术突破紧随埃克森2023年进军锂矿开采的决策。尽管美国本土电动车销售遇冷，埃克森公 司两年前已宣布计划在阿肯色州生产锂资源，目标到2030年成为领先的电动汽车电池供应商。埃克森计 划2027年实现首批锂量产，并评估全球扩张机会，预计到2030年其锂产量可满足每年超百万辆电动车的 制造需求。通过近期布局，埃克森业务已覆盖电动车电池供应链的多数环节。 ...

Core Viewpoint - The article highlights that while European oil majors like BP, Shell, TotalEnergies, and Eni are often compared unfavorably to their U.S. counterparts, they lead in the LNG trading sector, with Exxon and Chevron now seeking to expand their operations in this area [1][2]. LNG Market Demand - Shell forecasts a 60% increase in global LNG demand by 2040, driven by economic growth in Asia and the need for gas in power generation, heating, cooling, industry, and transport [3]. - European countries are expected to rely on LNG for over two-thirds of their gas supply as they transition away from Russian energy imports [4]. U.S. Energy Imports - The European Union is moving towards nearly 100% reliance on U.S. LNG imports, contingent on adjustments to methane emissions and supply chain regulations [5]. Asian Market Dynamics - Asian economies are experiencing rapid growth, leading to increased demand for LNG, with Indonesia deferring LNG exports to prioritize domestic supply [6]. Company Strategies - Shell plans to increase its LNG capacity by 12 million tons by 2030, while TotalEnergies aims for a 50% increase in LNG volumes under management by the same year [7]. - BP has initiated a new LNG project off the coast of Senegal and Mauritania, aiming to establish these countries as a significant LNG hub [7].

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Core Insights - Exxon Mobil (NYSE: XOM) is one of the world's largest integrated oil companies, with a stock performance that has gained 9%, which is below the S&P 500's 12.2% gain, attributed to ongoing macroeconomic uncertainty [2] Group 1: Company Performance - The stock of Exxon Mobil has underperformed relative to the S&P 500, indicating challenges in the current market environment [2] Group 2: Analyst Background - The analysis is conducted by an individual with a background in aerospace engineering, focusing on investment opportunities in the aerospace, defense, and airline industries, providing context to developments that may affect investment theses [2]