ExxonMobil saw its earnings fall in the second quarter to $1.7 billion, a nearly 60% drop from the same period in 2015
News of a deepwater Gulf of Mexico discovery is made as the company reports falling profits and growth priorities.
The total oil in place in the Upper Portland pay has increased from 7.7 MMbbl per square mile to 22.9 MMbbl per square mile.
The use of advanced software products is paying dividends for BHP Billiton explorationists.
Industry groups call the rules an ‘unfortunate turn’ and say the regulations include ‘unnecessary requirements.’