REPORT: Settlement with Exxon to allow SpaceX launch site to be built in Vermillion Parish

ExxonMobil informed Kazakhstan that its Tengiz oil field will peak next year and decline to 500,000 barrels per day by 2035 without investment. The company seeks a $80 billion joint investment in Kashagan to offset the decline, pending resolution of disputes and fines.

ExxonMobil's Nigerian affiliate, Esso, announced the arrival of the Noble Gerry de Souza drillship for the $1bn Usan Infill Project. The project aims to add 40,000 barrels per day of oil production within 18 months, according to the company.

ExxonMobil awarded Corinth Pipeworks a contract to supply 250 km of offshore linepipe for its Rovuma LNG project, valued at over $200 million. The project is part of ExxonMobil's LNG development in Mozambique.

ExxonMobil's drillship has arrived in Niger Delta for the $1 billion Usan Infill Project, aiming to add 40,000 barrels per day to Nigeria's crude output within 18 months. The project targets mature offshore wells and involves advanced drilling technologies. It is expected to boost federal revenue and create local jobs, with environmental safeguards in place.

ExxonMobil's Nigerian unit has deployed a drillship to boost output at the Usan field by 40,000 barrels per day, part of a $1 billion investment. The Usan Infill Project aims to increase production within 18 months, leveraging existing infrastructure. This move reflects confidence in Nigeria's improving investment environment, according to the company.

A federal judge dismissed a coastal damages lawsuit against ExxonMobil, ending a decade-long legal battle. The settlement may allow SpaceX to acquire 130,000 acres of Exxon's land in Louisiana for a potential rocket launch site. Details of the settlement, including financial terms, were not disclosed. Governor Jeff Landry praised the agreement, highlighting its benefits for coastal restoration and business development.