ExxonMobil

Decision time has come for the hydrocarbon survey program off Crete by the joint venture of ExxonMobil (70%) with Helleniq Energy (30%), which must decide whether it will conduct an exploration drilling.

Venezuelan President Nicolas Maduro said on Monday that he views US military support of neighboring Guyana as a threat to resolving his nation's territorial claim there, and will bring it up in talks this week with his counterpart.

Maduro will meet Guyana President Irfaan Ali on Thursday in St. Vincent and the Grenadines.

The U.N. Security Council scheduled an emergency closed meeting Friday at the request of Guyana following Venezuela's weekend referendum claiming the vast oil- and mineral-rich Essequibo region that makes up a large part of its neighbor.

When Russia invaded Ukraine, global companies were quick to respond, some announcing they would get out of Russia immediately, others curtailing imports or new investment.

Billions of dollars' worth of factories, energy holdings and power plants were written off or put up for sale, accompanied by fierce condemnation of the war and expressions of solidarity with Ukraine.

ExxonMobil has settled a long-running lawsuit brought by Indonesian villagers who alleged human rights violations by Indonesian military officials providing security to the oil giant.

The two sides agreed to resolve "all matters," said a joint filing from the opposing counsel that did not disclose terms of the agreement.

The Cyprus Association of Petrol and Liquid Fuels Distributors on Tuesday filed a complaint against four major fuel companies on the island: Petrolina, EKO Cyprus, Coral Energy Products Cyprus, and ExxonMobil Cyprus.

The complaint accuses these four companies of violating the country's 2022 Competition Protection Law.

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The Dutch government should shut down Europe's largest gas field as early as this year, a top Shell Netherlands official has said, despite global energy uncertainties following Russia's war in Ukraine.

Saudi Aramco reported yesterday that profits jumped 46 percent last year, highlighting how a surge in oil prices after Russia invaded Ukraine spurred growth in the world's biggest crude exporter.

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ExxonMobil reported record annual profits of $55.7 billion in 2022 on Jan. 31, reflecting higher commodity prices amid recovering demand and the impacts of Russia's invasion of Ukraine.

In the fourth quarter, profits rose 43.7 percent to $12.8 billion, thanks to higher oil and natural gas prices and better refining margins compared with the year-ago period.

With US-based ExxonMobil entering the final stage of exploration in Crete, Athens' expectations have been boosted by the statement by Environment and Energy Minister Kostas Skrekas that there are indications of a significant deposit that could fill the Russian gas gap in Europe for 10 years.