Big Oil finds more to love in deepwater exploration fields [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
Vessels carrying supplies for an offshore oil platform operated by Exxon Mobil are seen at the Guyana Shore Base Inc wharf on the Demerara River south of Georgetown By Georgina McCartney HOUSTON (Reuters) - As Big Oil returns this week to the industry's annual showcase for offshore energy projects and equipment in Houston, deepwater discoveries off Guyana, Namibia and the U.S. Gulf Coast will take the spotlight. Offshore exploration had dimmed after the U.S. shale boom ushered in new and cheaper-to-tap supplies of oil, and as past offshore cost overruns pushed deepwater projects onto the industry's backburner. Newer deepwater projects have the attributes oil and gas companies are looking for: longer-term production, lower breakeven costs, big resource potentials and lower carbon emissions, said Pablo Medina, head of new ventures at energy consultants Welligence. "Deepwater is back in vogue," Medina said. Capital spending on all-new deepwater drilling is poised to hit a 12
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XOM
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- 4/26/24 - Miss
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- 5/17/24 - Form DEFA14A
- 5/15/24 - Form DEFA14A
- 5/15/24 - Form SD
- XOM's page on the SEC website