ExxonMobil

A sufficiently large and commercially viable oil reservoir has been discovered in Cyprus's second target in Block 10 named Glaucus-1, according to Kathimerini Cyprus sources with knowledge of the matter.

Official results from Exxonmobil are not expected until the end of next week.

As expected, ExxonMobil's first exploratory drilling in block 10 has been completed.

According to an official announcement from the Ministry of Energy, exploratory drilling on target Delphyne-1 by ExxonMobil Exploration and Production Cyprus (Offshore) Limited and Qatar Petroleum International Upstream OPC has been completed.

Guyana's government is "in discussion" with Exxon Mobil after two ships searching for oil off the South American country's coast halted work following a weekend confrontation with Venezuela's navy, Guyana's foreign minister said on Dec. 24.

Exxon Mobil and Chevron are seeking to sell their stakes in Azerbaijan's largest oilfield, marking the retreat of the U.S. majors from the former Soviet state after 25 years as they re-focus on domestic production.

Despite rising tensions between Ankara and Nicosia over gas exploration in the Eastern Mediterranean, Exxon-Mobil Vice President Tristan Asprey has said that the American energy giant and its partner, Qatar Petroleum, remain focused on drilling in plot 10 of Cyprus's exclusive economic zone.

Washington's support for ExxonMobil's drilling operations in Cyprus's exclusive economic zone was highlighted Thursday by a visit by Kathleen Doherty, the US ambassador in Nicosia, to Block 10, where the Stena IceMAX drillship is stationed.

Cyprus's Energy Minister Giorgos Lakkotrypis and Foreign Minister Nikos Christodoulides on Thursday visited the Stena Icemax drillship along with US Ambassador to Cyprus Kathleen A. Doherty and ExxonMobil Vice Chairman Tristan Asprey. 

With Turkey upping the ante with regard to drilling operations by US energy giant ExxonMobil in Block 10 of Cyprus's exclusive economic zone, a US State Department official reiterated on Monday that Washington discourages any act or rhetoric that would raise tensions in the region and that it supports Cyprus's right to develop natural resources in its EEZ.

The United States sees "great promise" in developing energy resources in the eastern Mediterranean, a US state department official said Friday, as ExxonMobil and partner Qatar Petroleum began exploratory drilling off Cyprus' southwestern coast.

About 100 companies have been responsible for about 71% of the world's greenhouse gas emissions.

That's according to a new report from climate change non-profit CDP in conjunction with the Climate Accountability Institute. The report hopes to highlight the role such companies, and their investors, play in Climate Change.