Posts Tagged ‘exxon’

Iraq ‘keen’ on Lukoil, CNPC for West Qurna bids

by on November 16, 2012 8:49 pm BST
A sale of the stake to either company would significantly strengthen the position of Russia or China in exploiting Iraq's oil reserves, the world's fourth biggest."During two separate meetings with executives from CNPC and Lukoil, Iraq informed the companies that it favours their contribution to purchase Exxon's share in

Exxon PNG Gas project blows out to $19 billion

by on November 12, 2012 4:43 am BST
Exxon PNG Gas project blows out to $19 billionBy Ross KellySYDNEY -- Exxon Mobil  said the cost of building a natural gas export facility in Papua New Guinea had blown out to $19 billion, as the project was impacted by exchange rate movements, local landowner disputes and torrential rain.The cost

UPDATE 2-Exxon’s PNG LNG project costs balloon to $19 bln

by on November 12, 2012 2:43 am BST
Sun Nov 11, 2012 9:43pm EST * Latest Asia-Pacific LNG project to report cost overruns * Forex, work stoppages fuel $3.3 bln jump in project cost* Shares fall in Australian partners Santos and Oil Search* PNG LNG is nation's biggest-ever resources development* First LNG shipments still expected in 2014SYDNEY, Nov

ExxonMobil ‘talks with majors’ on West Qurna

by on November 9, 2012 11:51 am BST
China’s CNPC and Eni of Italy have joined the list of names already thought to include Russia’s Lukoil to be in talks with the Texan behemoth about the stake.Iraqi officials revealed earlier this week that ExxonMobil has informed the government of its official intention to relinquish its share in