Exxon Mobil Tag

ExxonMobil (NYSE:XOM) has announced its fifth new oil discovery off the coast of Guyana after drilling the Turbot-1 well, adding to the Liza, Payara, Snoek and Liza Deep finds in the offshore region. The US-based oil major said its affiliate Esso Exploration and Production Guyana Ltd...

The recent rise of benchmark oil prices will trigger increased spending in the industry over 2017, with new projects expected to double from numbers in the previous year. Oil and gas consultancy group Wood Mackenzie has forecasted a 3% rise in exploration and production spending, reaching...