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Released May 02, 2017 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Exxon Mobil Corporation (ExxonMobil)(NYSE:XOM) (Irving, Texas) is preparing to begin operations this year on key chemical, production and refining projects on the U.S. Gulf Coast and in the Gulf of Mexico, as its outlook has improved from favorable commodity prices and improved refining operations. The Oil & Gas giant recently completed its acquisition of global developer InterOil Corporation and companies with properties in the Permian Basin. Industrial Info is tracking nearly $41 billion in active projects involving ExxonMobil, including more than $14 billion that are expected to be completed this year.
Visit Industrial Info at Booth #9800 at the Offshore Technology Conference (OTC), which runs through this Thursday at NRG Park in Houston, Texas. The OTC is the largest oil and gas sector trade show in the world. Last year, more than 68,000 attendees from 120 countries gathered at the annual conference, with more than 2,600 companies exhibiting.
ExxonMobil's capital expenditures for first-quarter 2017 stood at $4.2 billion, a decrease of 19% from the first-quarter 2016 as the company continued to cut back on expenses. For the full year, executives expect to see about $22 billion in spending, consistent with previous projections, as ExxonMobil ramps up activity in the U.S. unconventional plays and deepwater projects, including in the Gulf of Mexico.
On the Gulf Coast, the ethylene unit addition at the olefins complex in Baytown, Texas, and its sister project, the addition of two polyethylene units at the complex in Mont Belvieu, Texas, are expected to begin production by year's end. The 3 billion-pound-per-year ethylene unit will provide feedstock to the Mont Belvieu addition, which is expected to produce 2.86 billion pounds per year, following a phased startup in the second half of the year. For more information, see Industrial Info's project reports on the Baytown addition and Mont Belvieu addition.
ExxonMobil and Saudi Arabia Basic Industries Corporation (SABIC) (Riyadh, Saudi Arabia) also recently picked the area as the site for the joint venture's ethylene complex, which will feed a monoethylene glycol unit and two polyethylene units. "The current expansion on ethylene capacity and corresponding polyethylene at Baytown and Mont Belvieu is 100% ExxonMobil, and as part of our long strategic relationship with SABIC, we decided to enter into a joint venture with them to pursue this possible steam cracker in the Gulf Coast," said Jeffrey Woodbury, the vice president of investor relations at ExxonMobil, in a recent quarterly earnings conference call. For more information, see April 20, 2017, article - Gulf Coast Ethylene Project Wave Yet to Crest; Site Announced for Exxon, SABIC Project.
ExxonMobil also is weighing the possibility of a crude unit addition at Baytown, which would boost its crude oil-production capacity from 344,000 to 500,000 barrels per day (BBL/d). For more information, see Industrial Info's project report.
Woodbury also said that ExxonMobil sees "material potential near existing infrastructure" in the Gulf of Mexico, where the company expects to complete the $4 billion subsea production system in the Julia Field by the end of the year. ExxonMobil is drilling four wells and installing a subsea tie-back system to its Jack/St. Malo platform to produce 34,000 BBL/d, which will be transported via a pair of 10-inch production flowlines. For more information, see Industrial Info's project report.
ExxonMobil also said that commissioning is "progressing well" at its Hebron Offshore Crude Oil Production Platform, a massive project that includes a $3 billion topsides construction, a $2 billion gravity-based structure, a $1 billion subsea development and a $200 million subsea tieback and offloading system. Hebron is expected to produce 150,000 BBL/d of crude oil, with a possible future expansion to 180,000 BBL/d; for more information, see Industrial Info's project reports on the topsides, gravity-based structure, subsea development, and tieback and offloading system, and April 11, 2017, article - SNC-Lavalin Adds ExxonMobil Offshore-Drilling Venture to $113 Billion in EPC Projects.
In ExxonMobil's downstream business, the $200 million coker addition at the Antwerp Refinery in Antwerp, Belgium, is expected to deliver 275,000 BBL/d of higher-value products, including ultra-low sulfur diesel. Industrial Info also is tracking an ongoing, $1.5 million reformer unit turnaround at the Antwerp Refinery. For more information, see Industrial Info's project reports on the Antwerp coker and Antwerp turnaround.
ExxonMobil also recently acquired InterOil Corporation, which it eyed for its prosperous assets in Papua New Guinea. These include Total S.A.'s (NYSE:TOT) (Paris, France) proposed, $10 billion liquefied natural gas (LNG) production facility in Port Moresby, which would produce 6.8 million tonnes per year of LNG. InterOil has a 36.5% stake in the project. The project would be supported by the $600 million offshore and $200 million onshore sections of a natural gas pipeline, and a $200 million natural gas-processing plant, which also are co-owned by InterOil. For more information, see Industrial Info's project reports on the LNG plant, onshore pipeline, offshore pipeline and gas-processing plant.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Visit Industrial Info at Booth #9800 at the Offshore Technology Conference (OTC), which runs through this Thursday at NRG Park in Houston, Texas. The OTC is the largest oil and gas sector trade show in the world. Last year, more than 68,000 attendees from 120 countries gathered at the annual conference, with more than 2,600 companies exhibiting.
ExxonMobil's capital expenditures for first-quarter 2017 stood at $4.2 billion, a decrease of 19% from the first-quarter 2016 as the company continued to cut back on expenses. For the full year, executives expect to see about $22 billion in spending, consistent with previous projections, as ExxonMobil ramps up activity in the U.S. unconventional plays and deepwater projects, including in the Gulf of Mexico.
On the Gulf Coast, the ethylene unit addition at the olefins complex in Baytown, Texas, and its sister project, the addition of two polyethylene units at the complex in Mont Belvieu, Texas, are expected to begin production by year's end. The 3 billion-pound-per-year ethylene unit will provide feedstock to the Mont Belvieu addition, which is expected to produce 2.86 billion pounds per year, following a phased startup in the second half of the year. For more information, see Industrial Info's project reports on the Baytown addition and Mont Belvieu addition.
ExxonMobil and Saudi Arabia Basic Industries Corporation (SABIC) (Riyadh, Saudi Arabia) also recently picked the area as the site for the joint venture's ethylene complex, which will feed a monoethylene glycol unit and two polyethylene units. "The current expansion on ethylene capacity and corresponding polyethylene at Baytown and Mont Belvieu is 100% ExxonMobil, and as part of our long strategic relationship with SABIC, we decided to enter into a joint venture with them to pursue this possible steam cracker in the Gulf Coast," said Jeffrey Woodbury, the vice president of investor relations at ExxonMobil, in a recent quarterly earnings conference call. For more information, see April 20, 2017, article - Gulf Coast Ethylene Project Wave Yet to Crest; Site Announced for Exxon, SABIC Project.
ExxonMobil also is weighing the possibility of a crude unit addition at Baytown, which would boost its crude oil-production capacity from 344,000 to 500,000 barrels per day (BBL/d). For more information, see Industrial Info's project report.
Woodbury also said that ExxonMobil sees "material potential near existing infrastructure" in the Gulf of Mexico, where the company expects to complete the $4 billion subsea production system in the Julia Field by the end of the year. ExxonMobil is drilling four wells and installing a subsea tie-back system to its Jack/St. Malo platform to produce 34,000 BBL/d, which will be transported via a pair of 10-inch production flowlines. For more information, see Industrial Info's project report.
ExxonMobil also said that commissioning is "progressing well" at its Hebron Offshore Crude Oil Production Platform, a massive project that includes a $3 billion topsides construction, a $2 billion gravity-based structure, a $1 billion subsea development and a $200 million subsea tieback and offloading system. Hebron is expected to produce 150,000 BBL/d of crude oil, with a possible future expansion to 180,000 BBL/d; for more information, see Industrial Info's project reports on the topsides, gravity-based structure, subsea development, and tieback and offloading system, and April 11, 2017, article - SNC-Lavalin Adds ExxonMobil Offshore-Drilling Venture to $113 Billion in EPC Projects.
In ExxonMobil's downstream business, the $200 million coker addition at the Antwerp Refinery in Antwerp, Belgium, is expected to deliver 275,000 BBL/d of higher-value products, including ultra-low sulfur diesel. Industrial Info also is tracking an ongoing, $1.5 million reformer unit turnaround at the Antwerp Refinery. For more information, see Industrial Info's project reports on the Antwerp coker and Antwerp turnaround.
ExxonMobil also recently acquired InterOil Corporation, which it eyed for its prosperous assets in Papua New Guinea. These include Total S.A.'s (NYSE:TOT) (Paris, France) proposed, $10 billion liquefied natural gas (LNG) production facility in Port Moresby, which would produce 6.8 million tonnes per year of LNG. InterOil has a 36.5% stake in the project. The project would be supported by the $600 million offshore and $200 million onshore sections of a natural gas pipeline, and a $200 million natural gas-processing plant, which also are co-owned by InterOil. For more information, see Industrial Info's project reports on the LNG plant, onshore pipeline, offshore pipeline and gas-processing plant.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
