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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

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Exxon Mobil Corporation added 2.7 billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. billion oil-equivalent barrels at year-end 2017. ExxonMobil’s reserves life at current production rates is 14 years. ExxonMobil’s proved reserves totaled 21.2 Resource Base.

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ExxonMobil ships first LNG cargo from $19B PNG LNG project ahead of schedule; serving China and Japan

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ExxonMobil Corporation has shipped the first cargo of liquefied natural gas (LNG) from the $19-billion PNG LNG project ahead of schedule. Production from the first train started in April and production from the second train has also started as additional wells came online. JX Nippon Oil & Gas Exploration Corp.,

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RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

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However, the US military can play an important role in promoting stability in major oil producing regions and by helping protect the flow of energy through major transit corridors and on the high seas, the reports suggest. Earlier post.).

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Glencore to pay >$1.1B to resolve government’s investigation into bribery and commodity and price manipulation

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million in payments to be made to intermediary companies in order to secure improper advantages to obtain and retain business with state-owned and state-controlled entities in West Africa, including Nigeria, Cameroon, Ivory Coast, and Equatorial Guinea. operated a global commodity trading business, which included trading in fuel oil.