StocksMedium•29 September 2026•
1 min read
ExxonMobil Awards Subsea Contract to SLB OneSubsea for Mozambique LNG Project
Key Facts
1ExxonMobil Moçambique awarded a contract to SLB's OneSubsea joint venture to deliver subsea production systems for the Rovuma LNG project.
ExxonMobil Moçambique awarded a contract to SLB's OneSubsea joint venture to deliver subsea production systems for the Rovuma LNG project. Business Wire reported that the scope includes subsea trees, manifolds, and control systems for the first phase of the offshore development in the Rovuma Basin's Area 4.
The project involves a consortium of partners including ENI, CNPC, and KOGAS, focused on expanding regional LNG production capacity. XOM closed at $162.52 on September 28, 2026, while peer CVX closed at $206.37 on the same date.