ExxonMobil's Elektra exploration well off the coast of Cyprus has been deemed uncommercial in a blow to the country's bid to develop offshore gas resources, the Cyprus Energy Ministry said on Monday.

An exploration drill by ExxonMobil offshore Cyprus has failed to find commercial quantities of natural gas, the island's energy ministry said on Monday. Drilling operations had been completed at the ...

Exploration drilling at the Elektra-1 well in Block 5 of Cyprus’s Exclusive Economic Zone (EEZ) has concluded without the discovery of commercially viable quantities of natural gas, Cyprus’s Ministry ...

Exxon Mobil Corporation (NYSE:XOM) is one of the largest integrated fuels, lubricants, and chemical companies in the world. Exxon Mobil Corporation (NYSE:XOM) announced on January 26 that it has ...

Exxon Mobil's (NYSE:XOM) exploration well off the coast of Cyprus has been deemed non-commercial in a blow to the country's effort to develop offshore gas resources, the Cyprus Energy Ministry said ...

ExxonMobil drilled a non-commercial well in Block 5 offshore Cyprus. The drillship will now move to the adjacent Block 10 to drill the Pegasus-1 exploration well. ExxonMobil Exploration and Production ...

ExxonMobil bulls can point to several key points for why the stock is poised to deliver solid returns. What's more, ExxonMobil does this on a massive scale. Over the last 12 months, the company ...