ExxonMobil | Egypt Oil & Gas - Part 20
US Drillers to Cut Capital Spending by 30%
A group of 44 US oil and gas drillers will need to cut their capital budgets by an additional 30% to balance their lowered income, according to an analysis by IHS Inc.
Iraq Seeking Foreign Investments to Increase its Oil Output
Iraq's state-run South Oil Co. (SOC) has approached PetroChina and ExxonMobil about investing in a multi-billion-dollar Integrated South Project to boost infrastructure that will allow to increase output from its sma ...
US to Lift Oil Export Ban Valued at $1.9b in Total
US Congress has approved a deal to lift a 40-year-old ban on US crude export to allow domestic oil producers sell their production in the global market without restrictions
Shell-BG Merger Likely to Get Clearances
Shell's gigantic takeover of BG worth $83b (£55b), planned before the end 2015, is likely to secure clearances from the remaining Chinese and Australian regulators.
Obstacles Persist to Arctic Drilling
There are serious obstacles still confronting Arctic drilling, stated ...
Roseneft Join Forces with ExxonMobil in Mozambique
RN-Exploration is a 100 percent-owned subsidiary of Rosneft of Russia and Exxon Mobil Exploration and Production Mozambique Offshore Limited is also a 100 percent subsidiary of US group ExxonMobil.
Shell Acquires BG for $70Bn
Royal Dutch Shell announced on Wednesday its deal to acquire gas giant BG for $70bn, reported Reuters.
ExxonMobil Begins Production in Far East Russia
Exxon Mobil Corporation (NYSE:XOM) announced today that production has begun at the Sakhalin-1 project’s Arkutun-Dagi field – the last of the three fields to be developed.
