ExxonMobil – Officer of the Watch

Rosneft Starts Geophysical Surveys in Eastern Arctic

April 8, 2014 by Officer of the Watch Leave a Comment

Aerial gravity-magnetic surveys began at the Yuzhno-Chukotsky License Area in the Eastern Arctic to establish the field’s subsurface structure. Rosneft and ExxonMobil have agreed to a framework for jointly exploring six license areas in the Chukchi and the Laptev Seas, namely the Ust-Lensky, Ust-Oleneksky, Anisinsko-Novosibirsky, Yuzhno-Chukotsky, and Severo-Vrangelevsky 1 and 2 areas. Three airplanes carrying magnetometric and gravimetric equipment will by the end of 2014 survey all the six license areas with a total area of 440,000 square meters.

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Filed Under: OOW FOCUS Tagged With: arctic, ExxonMobil, gas, offshore, oil, Rosneft, Yuzhno-Chukotsky License Area

Forecast of Global Exporters and Importers of Energy

March 27, 2014 by Officer of the Watch Leave a Comment

Maintaining a robust global energy marketplace is critical to meeting rising global energy demand. The backbone of the global energy marketplace is free trade, which enables energy to move across various boundaries by pipeline, ship, railway, or in the case of electricity, by transmission lines. Oil and natural gas are the most widely traded energy sources, but other forms of energy, including coal, electricity and some renewable fuels, are also actively traded on the international market.

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Filed Under: OOW FOCUS Tagged With: Commercial, energy market, ExxonMobil, natural gas, oil

Oil Resource Base Continues to Expand

March 11, 2014 by Officer of the Watch Leave a Comment

Over the coming decades, energy sources will continue to evolve and diversify, driven by changes in technology, consumer needs, and public policies. On the other hand liquid supplies, referring primarily crude oil, are projected to remain the single biggest source of energy and vital to transportation.