ExxonMobil could partner up with Eni and Total to jointly develop natural gas deposits off Cyprus [Yahoo! Finance Canada]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance Canada
Minister George Papanastasiou said ExxonMobil is in talks with the Eni-Total consortium on working together to bring their discoveries to market. He said that potential collaboration could get a significant boost if an exploratory well that ExxonMobil plans to drill early next year strikes more of the hydrocarbon. Cyprus officials have repeatedly said that offshore gas deposits could bolster Europe's efforts to secure alternative energy sources following Russia's war in Ukraine. Papanastasiou made the remarks after ExxonMobil's Vice President for Global Exploration John Ardill held talks with Cypriot President Nikos Christodoulides in the capital, Nicosia. ExxonMobil's new well, dubbed Pegasus, will be drilled near the existing Glaucus deposit which is estimated to contain 5 to 8 trillion cubic feet of gas inside an area for which the company and its partner Qatar Petroleum hold exploration licenses. The area, known as Block 10, lies directly south of Block 6 where the Eni-
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News
- ExxonMobil Schedules Drilling Activity Offshore Cyprus in 2025 [Yahoo! Finance]Yahoo! Finance
- ExxonMobil could partner up with Eni and Total to jointly develop natural gas deposits off Cyprus [Yahoo! Finance Canada]Yahoo! Finance Canada
- ExxonMobil could partner up with Eni and Total to jointly develop natural gas deposits off Cyprus [Yahoo! Finance]Yahoo! Finance
- Letters to the Editor: Regardless of Trump, the battle against climate change is picking up. Let's keep it going [Los Angeles Times (CA)]Los Angeles Times
- Two Oilfield Execs Taking A Stand Via The Trump Administration [Forbes]Forbes
XOM
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- 11/4/24 - Form 10-Q
- 11/1/24 - Form 8-K
- XOM's page on the SEC website