ExxonMobil, Total, U.S. Oil Production: Your Daily Energy News

News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

LNG
ExxonMobil, Total to Move Forward with Papua New Guinea LNG Expansion - Total (NYSE:TOT) and Exxon Mobil Corporation (NYSE:XOM) (ExxonMobil) said Tuesday they're moving forward on a new liquefied natural gas (LNG) export project in Papua New Guinea. The Papua LNG project, which has faced delays, is effectively an expansion of ExxonMobil's $19 billion PNG LNG project that opened five years ago. (Project 300129298) (Fuel Fix)

PRODUCTION
EIA Boosts Forecasts for U.S. Crude Output Growth in 2019 - U.S. crude oil production is expected to rise by 1.43 million barrels per day (BBL/d) in 2019 to average 12.39 million BBL/d, the U.S. Energy Information Administration (EIA) said on Tuesday, up from its previous forecast for a rise of 1.35 million BBL/d. (Reuters)

ExxonMobil Leads in New Oil Discoveries - A trio of offshore discoveries made by ExxonMobil has set up 2019 to be the biggest year for new finds since the last oil price collapse in 2014. With discoveries made offshore of Cyprus in the Eastern Mediterranean and off of Guyana in South America, ExxonMobil alone accounts for nearly 40% of the new oil and gas gains found in the first quarter of the year, according to a new report from the Norwegian research firm Rystad Energy. (Fuel Fix)

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About Industrial Info
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