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

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Construction of PNG LNG in Papua New Guinea began in 2010, and took more than 190 million work hours to complete. Pipe had to be airlifted in some areas because the soil could not support heavy machinery and lack of infrastructure required construction of supplemental roads, communication lines and a new airfield. ExxonMobil continues to assess and advance new expansion and development opportunities in Papua New Guinea.

2014 207

ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

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ExxonMobil reported strong performance from its low-cost liquefied natural gas (LNG) operations in Papua New Guinea, and the company continues to work with the governments in Papua New Guinea and Mozambique to advance new projects to support long-term demand growth. ExxonMobil is looking to reduce spending significantly as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases.

2020 167

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ExxonMobil seeking to boost growth, continue work on lower-emissions technologies including biofuels and carbon capture

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In Papua New Guinea, the company is planning a three-train liquefied natural gas expansion as it continues to explore for gas in the country’s Highlands region. A great example is the new hydrocracker at our Rotterdam refinery which started up late last year.

2019 172

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

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Other significant new proved reserve additions were made in Guyana, where the company funded the first phase of development last year, and in Mozambique, associated with the project funding of the Coral FLNG project in the gas-rich deepwater Area 4. Reserves additions reflect new developments as well as revisions and extensions of existing fields resulting from drilling, studies and analysis of reservoir performance. Exxon Mobil Corporation added 2.7

2018 174

2018 Environmental Performance Index: Air quality top public health threat

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Fisheries continue to deteriorate in most countries, with significant problems in El Salvador, Papua New Guinea, and Portugal. The 2018 Environmental Performance Index (EPI) finds that air quality is the leading environmental threat to public health. The EPI uses three indicators to measure air quality: household solid fuel use; PM 2.5 average exposure, and PM 2.5 exceedance of WHO thresholds.

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Study links PM2.5 pollution to increased risk of diabetes; even low levels pose risk

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The main drivers of diabetes include eating an unhealthy diet, having a sedentary lifestyle, and obesity, but the new research indicates the extent to which outdoor air pollution plays a role. million new diabetes cases globally in 2016—about 14% of all new diabetes cases globally that year. In the United States, the study attributed 150,000 new cases of diabetes per year to air pollution and 350,000 years of healthy life lost annually.

2018 213

The Seabed Solution

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It discovered 4,700 new marine species , the Mid-Atlantic Ridge , and the Mariana Trench. But after raising some US $686 million , building three large undersea drilling robots, and securing a license to mine the seabed off Papua New Guinea, Nautilus went bankrupt in November 2019.

EV Radar: May 2022


New EV Announcements. Big-name automakers have been aggressively converting or developing new EVs. Today's new model became electric, but tomorrow's version will equip a dual motor and all-wheel drive with a sporty look. Equatorial Guinea. Guinea. Guinea-Bissau.

EV Radar: June 2022


Automakers are releasing new electric vehicles and announcing their new plants worldwide. New EV Announcements. New Electric Model from BMW. More details were revealed about the new BMW XM coming in 2023. Sneak Peek at New BMW XM. Equatorial Guinea.

EV Radar: April 2022


As the EV market expands, new startups don’t have traditional sales channels for their cars. New EV Announcements. 14 New EVs in Four Years. It shows an accelerated transition to electric vehicles: 14 new EVs by 2027. All New BEV from Jeep, Finally! Guinea.