Key Developments: Exxon Mobil Corp (XOM)

XOM on New York Consolidated

20 Aug 2014
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Latest Key Developments (Source: Significant Developments)

NK Rosneft' OAO and Exxon Mobil Corp JV starts drilling in Kara Sea
Monday, 11 Aug 2014 12:00am EDT 

NK Rosneft' OAO:Says that Rosneft and Exxon Mobil Corp (ExxonMobil) joint venture company Karmorneftegaz began drilling of Universitetskaya-1, the Russian Federation's northernmost well using the West Alpha rig.The West Alpha rig was provided by the Norwegian company North Atlantic Drilling which signed long-term agreements with Rosneft on July 30 for the offshore drilling.West Alpha was transported via the Barents, Pechora and Kara Seas and installed on the drilling site of the East Prinovozemelskiy-1 License Area in the Kara Sea.The drilling rig made the way of over 1900 nautical miles to reach its destination.The rig is 30,700 tons in deadweight, 70 m long, 66 m wide, the derrick hangs 108.5 meters over the main deck, and it drafts during drilling for 21.5 m.The rig is held on the drilling site by an 8-anchor positioning system, which provides advanced stability for the rig.Most of the platform is outside the reach of waves, which are no impediment for the rig's operation.The maximum drilling depth of West Alpha is 7 km.The drilling will continue for two months.  Full Article

Exxon Mobil Corp declares third quarter dividend
Wednesday, 30 Jul 2014 12:59pm EDT 

Exxon Mobil Corp:Declares a cash dividend of 69 cents per share.Payable on Sept. 10 to shareholders of record on Aug. 13.  Full Article

Exxon Mobil Corp's ExxonMobil Exploration and Production Romania Limited and OMV Petrom SA start drilling Domino-2 well in Romanian Black Sea
Monday, 21 Jul 2014 01:24am EDT 

OMV Petrom SA:Says Exxon Mobil Corp's ExxonMobil Exploration and Production Romania Limited and OMV Petrom SA announced the start of drilling at the Domino-2 well in the deep water sector of the Neptun Block offshore Romania in the Black Sea.Data collected during the drilling program will be used to assess the size and commercial viability of the gas field discovered by the Domino-1 exploration well in 2012.As operator of Neptun Deep, ExxonMobil brings its experience and technology to Romania, and has a history of safely drilling wells in deep water locations around the world.The Domino-2 well is located approximately 200 kilometers offshore and is being drilled from the Ocean Endeavor rig in a water depth of about 800 meters.ExxonMobil Exploration and Production Romania and OMV Petrom SA each hold 50 percent of the deep water sector of the Neptun Block.  Full Article

Exxon Mobil Corp declares second quarter dividend
Wednesday, 30 Apr 2014 01:55pm EDT 

Exxon Mobil Corp:Declared a cash dividend of $0.69 per share.Payable on June 10 to shareholders of record of on May 13.  Full Article

Consortium including Exxon Mobil to appeal against Kazakhstan 530 mln euros fine-Reuters
Monday, 17 Mar 2014 08:00pm EDT 

Total SA:Kazakhstan authorities impose fine of 134.2 billion Kazakhhstani tenges (530 million euros) on consortium composed of Exxon Mobil, Royal Dutch Shell, Total, Eni and Kazakh company KazMunaiGas, among others - Reuters.Fine due to ecological damages after Oct. 2013 gas leak on Kashgan oil field being operated by consortium.Consortium risks having part of project seized by Kazakhstan state or part of its investments involved in project not repaid.Consortium says to have appealed against the fine.  Full Article

Exxon Mobil Corp Declares first quarter dividend
Wednesday, 29 Jan 2014 03:00pm EST 

Exxon Mobil Corp:Says it has declared a cash dividend of US$0.63 per share on the Common Stock.Says it is payable on Mar. 10 to shareholders of record of Common Stock at the close of business on Feb. 10.  Full Article

Exxon Mobil Corp's ExxonMobil Exploration and Production Romania Limited, OMV Petrom SA and Gas Plus International BV are titleholders for deep water portion of XV Midia Block
Wednesday, 29 Jan 2014 01:29am EST 

OMV Petrom SA:Says that Exxon Mobil Corp’s ExxonMobil Exploration and Production Romania Limited (ExxonMobil), OMV Petrom SA (OMV Petrom) and Gas Plus International BV (Gas Plus) announced Midia Deep Water Block transfer details.Says that the transfer agreement signed in Oct. 2012 between ExxonMobil and OMV Petrom, and Sterling Resources Ltd and Petro Ventures Europe BV for the purchase of hydrocarbon exploration and production rights to the deep water portion of the XV Midia Block (Midia Deep) became effective.Says that Gas Plus opted to retain its 15 percent interest in both deep water and shallow water portions of the XV Midia Block.Says that following the completion of the transfer agreement, the participating interests in Midia Deep are: ExxonMobil 42.5 percent, OMV Petrom 42.5 percent, and Gas Plus 15 percent.Says that based on terms agreed in Feb. 2013, Romgaz has an option to purchase a 10 percent participating interest in Midia Deep.Says that Romgaz’s option to enter will be triggered by an announcement of a commercial discovery on Midia Deep.ExxonMobil will be the operator of petroleum operations in Midia Deep, which is adjacent to the Neptun Deep block, in which ExxonMobil and OMV Petrom announced a gas discovery in 2012.  Full Article

INPEX CORP, Abu Dhabi National Oil Company and Exxon Mobil extend concession agreement for Upper Zakum Oil Field offshore Abu Dhabi, UAE
Monday, 20 Jan 2014 05:30pm EST 

Exxon Mobil:Government of Abu Dhabi has decided on the extension of the Concession for the Upper Zakum Oil Field, offshore Abu Dhabi, United Arab Emirates (UAE).The Concession has been extended to Dec. 31, 2041 by adding more than 15 years to the previous term.The Upper Zakum is being jointly developed by Abu Dhabi National Oil Company (60 pct), Exxon Mobil (28 pct) and Japan Oil Development Co., Ltd (12 pct), a subsidiary of INPEX CORP.  Full Article

Exxon Mobil Corp to boost Mobil-branded fuel in Australia - Reuters
Wednesday, 8 Jan 2014 06:12pm EST 

Exxon Mobil Corp:Says it has signed a deal to sell Mobil-branded fuel at 7-Eleven service stations, reviving the Mobil brand in Australia's biggest markets on the east coast since it sold its retail assets to 7-Eleven in 2010 - Reuters.  Full Article

Mitsui & Co Ltd to acquire stake in TonenGeneral Sekiyu KK from Exxon Mobil Corp's subsidiary
Wednesday, 18 Dec 2013 01:30am EST 

Exxon Mobil Corp:Mitsui & Co Ltd will acquire 36,000,000 shares (6.37 pct stake) of TonenGeneral Sekiyu KK from Exxon Mobile Bay Limited Partnership, a wholly owned subsidiary of Exxon Mobil Corporation.Mitsui & Co Ltd will hold a 6.37 pct stake in TonenGeneral Sekiyu KK after the transaction.Exxon Mobile Bay Limited Partnership will hold a 7.79 pct stake in TonenGeneral Sekiyu KK, down from 14.15 pct.  Full Article

Alaska voters narrowly backing tax cut for oil industry

JUNEAU Alaska - Alaskan voters appear to have narrowly upheld a new law that cut taxes on oil production and is worth up to $1 billion a year for companies such as ConocoPhillips, BP Plc and Exxon Mobil Corp, according to results available on Wednesday.

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