Exxon Mobil announced earlier this week positive results on the Muruk-1 sidetrack well in the Papua New Guinea North Highlands, located 13 miles northwest of its operated Hides gas field, Kallanish Energy learns from the company.
Rumours that ExxonMobil and Petrobras have been in talks re-emerged on Tuesday, with people familiar with the conversations saying the deal would be similar to the $2.2 billion between Petrobras and Total last year.
A federal judge in Texas has ordered ExxonMobil to pay a $19.95 million civil penalty for releasing 10 million pounds of pollutants from its Baytown refinery and chemical complex from 2005 to 2013.
The feasibility study evaluating the prospects of a liquefied natural gas (LNG) project in Sakhalin, between Rosneft and ExxonMobil, should be ready by middle of 2017, media reports said this week.
International oil companies (IOCs) are reportedly pulling their expatriate staff out of Venezuela, as tensions in the South American country continue to rise, marked by social unrest, violence and shortage of basic goods.