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Latest News and Issues

$1.4 Billion Turrum Project Approved
25 July 2008 - ExxonMobil Australia subsidiary, Esso Australia Resources Pty Ltd, has announced that the Turrum Project in Bass Strait had been approved for development by the project participants.

PNG LNG Project - Gas Agreement Signed & Project Enters FEED
22 May 2008 - Port Moresby – Esso Highlands Limited, an Exxon Mobil Corporation subsidiary, (ExxonMobil) as Operator of the PNG LNG Project, announced that the joint venture participants and the PNG State have formally signed and executed a Gas Agreement.

Following the signing of the Agreement, ExxonMobil announced that the joint venture participants have formally taken the decision to enter the next stage of project development, Front End Engineering and Design (FEED).

Gippsland Gas Sale to Origin
23 April 2008 - ExxonMobil Australia announced that its subsidiary, Esso Australia Resources Pty Ltd along with BHP Billiton, has signed a formal agreement for the sale of gas to Origin Energy.

Contracts Awarded for Kipper Project
21 April 2008 - ExxonMobil subsidiary, Esso Australia Resources Pty Ltd announced that it had awarded the key engineering contracts for the construction and development of the Kipper Gas Project in Bass Strait.

New Mobil Super Family of Engine Oils
1 April 2008 - Mobil Oil Australia Pty Ltd (Mobil) announced the launch of the new Mobil Super Family of engine oils.  Mobil's popular engine oil product lines are being reconfigured and updated as the Mobil Super Family, designed to more easily clarify their performance and recommended applications. This represents the most significant change to Mobil’s entire engine oil product line since the early nineties.

PNG LNG Project - Joint Operating Agreement Signed & Economic Impact Study Released
14 March 2008 - Esso Highlands Limited, an Exxon Mobil Corporation subsidiary, as Operator of the PNG LNG Project (ExxonMobil), today announced that the joint venture participants have formally signed and executed a Joint Operating Agreement (JOA).

ACIL Tasman "PNG LNG Economic Impact Study"
14 March 2008 - This study was commissioned by the PNG LNG Project and prepared by independent economic consultants, ACIL Tasman, to assist the Project and the PNG Government to understand and plan for the significant economic impact should the Project proceed.

Kipper Gas Project Approved
19 December 2007 - ExxonMobil Australia subsidiary, Esso Australia Resources Pty Ltd, announced that the Kipper Gas Project in Bass Strait had been approved for development by the venture participants.



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