Exxon Mobil Corp said on Friday it and partners would spend $4.4 billion to develop part of the Liza oilfield off the coast of Guyana, approving a megaproject at a time when the oil industry has grown obsessed with lower-cost shale.
Exxon’s decision shows that oil companies remain interested in large projects, especially offshore, even in an era of belt-tightening after two years of low crude prices. Read More…
Credit By: ET Energy World
Latest posts by ET Energy World (see all)
- Coal India Ltd eases norms for coal supplies to non-regulated customers and IPPs - December 6, 2019
- Dharmendra Pradhan asks oil ministry, PSUs to explore hydrogen fuel feasibility - December 6, 2019
- Modi government plans big on wind power; projects of 12,162.50 MW capacity awarded so far - December 6, 2019