ExxonMobil adds 2.7 billion bbl to reserves in 2017

ExxonMobil Corp. has added 2.7 billion boe of proved oil and gas reserves in 2017, replacing 183% of production. ExxonMobil’s proved reserves totaled 21.2 billion boe at yearend 2017. Liquids represented 57% of the reserves, up from 53% in 2016. ExxonM…

Egyptian group to buy Leviathan, Tamar gas

Noble Energy Inc. has signed agreements to sell 1.5 tcf of natural gas each from Leviathan and Tamar deepwater gas fields off Israel to an industrial consortium in Egypt. Noble said the consortium, Dolphinus Holdings Ltd., will supply industrial and pe…

OPEC eyes long-term oil-supply management

The Organization of Petroleum Exporting Countries is working toward long-term management of oil supply by its members and collaborating countries, according to the new president. Suhail Al Mazrouei, minister of energy and industry of the United Arab Em…