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Exxon, Chevron mega-projects finally come on line, just as oil prices slump

2015-02-03 01:36:20| Oil & Gas - Topix.net

Exxon Mobil has been working for years on a fleet of enormous new oil and gas projects in places such as Abu Dhabi, Russia, Papua New Guinea, and the Gulf of Mexico designed to turn around what has been a consistent and alarming slide in oil and gas production. A record eight of these mega-projects came on-line last year, Exxon said Monday - just as oil prices were falling by more than half.

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