Search results
Results from the WOW.Com Content Network
With the exit from a key oil and gas project, located off the eastern coast of Russia, ExxonMobil (XOM) is concluding its operations in Russia that spanned over decades.
ENL was first founded on April 26, 2001, when ABB and ExxonMobil signed an agreement for ABB to design the front-end systems of the Sakhalin-I project's first phase. ENL was formally declared as commercial on October 29 of that same year, representing a $12 billion USD ($20 billion today) investment, the largest foreign direct investment into Russia at the time.
Until the 2022 Russian invasion of Ukraine, ExxonMobil held 85,000 acres (34,000 ha) in the Sakhalin-I project through its subsidiary Exxon Neftegas. Together with Rosneft, it has developed 63.6 million acres (257,000 km 2) in Russia, including the East-Prinovozemelsky field. After Russia's 2022 invasion began, though, ExxonMobil announced it ...
The Treasury Department said that Exxon violated the sanctions by signing legal documents related to oil and gas projects in Russia. Exxon Mobil has been fined $2 million for violating Russia ...
First Eagle Investment Management recently released its Q1 2020 Investor Letter, a copy of which you can download below. The First Eagle Fund of America posted a return of -23.72% for the quarter ...
In April 2022, Russia supplied 45% of EU's natural gas imports, earning $900 million a day. [425] Russia is the world's largest exporter of natural gas, [426] grains, and fertilisers, and is among the world's largest suppliers of crude oil, coal, and steel and other metals, [427] including palladium, platinum, gold, cobalt, nickel, and aluminum.
Get breaking news and the latest headlines on business, entertainment, politics, world news, tech, sports, videos and much more from AOL
WASHINGTON (Reuters) -The FBI has been investigating a longtime Exxon Mobil consultant over the contractor's alleged role in a hack-and-leak operation that targeted hundreds of the oil company’s ...