traded oil producer

Exxon Stumps Up $2.8 Billion For Mozambique Gas Gateway To Asia

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Exxon Mobil Corp (XOM. N), the world’s biggest publicly traded oil producer, has agreed to pay Italy’s Eni (ENI.MI) $2.8 billion for a 25 percent stake in a giant Mozambique gas field to strengthen its position supplying rich Asian markets. Eni is currently the operator of Mozambique’s Area 4 license which, with 85 trillion cubic … Read more

Titans of Oil World Meet In Houston After Two-Year Price War

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The biggest names in the oil world come together this week for the largest industry gathering since the end of a two-year price war that pitted Middle East exporters against the firms that drove the shale energy revolution in the United States. When OPEC in November joined with several non-OPEC producers to agree to a … Read more