Energy

Energy

Brazil’s Petrobras enters JV with Exxon

Petrobras and ExxonMobil have signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities. The memorandum of understanding was signed in Rio de Janeiro today by Pedro Parente, president of Petrobras, Brad Corson, president of ExxonMobil Upstream Ventures, and Stephen Greenlee, president of […]

Energy

Exxon acquires LNG assets in Mozambique from Eni

Exxon Mobil Corporation said it has completed a transaction through ExxonMobil Development Africa B.V. to acquire a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni. ExxonMobil will lead the construction and operation of all future natural gas liquefaction and related facilities, while Eni will continue to […]

Why Forties Pipeline will be shut for weeks
Energy

Why Forties Pipeline will be shut for weeks

Owners of Forties Pipeline, INEOS have confirmed that it will be shut for some weeks following the discovery of small hairline crack in the pipe at Red Moss near Netherley, just south of Aberdeen. The company said a repair and oil spill response team was mobilised on Wednesday, December 6, […]