Exxon Mobil Corp will take up to a $2 billion loss on the highly leveraged sale of a troubled California offshore oil and gas field that have been idled since a 2015 pipeline spill.
Blank-check firm to restart operation idled by 2015 spillwill take up to a $2 billion loss on the highly leveraged sale of a troubled California offshore oil and gas field that have been idled since a 2015 pipeline spill.
Exxon was not immediately available to comment on terms of the deal. It has accelerated asset sales to cut operating costs and improve returns after a historic loss in 2020. A subsea pipeline leak seven years ago sent 2,400 barrels of the Santa Ynez oil into the Pacific Ocean, leading to a shutdown. Exxon acquired the pipeline from its owner and has been trying to resume production.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
400+ Scientists Tell COP27 PR Firm to Drop Exxon and Other Fossil Fuel Clients'Letting Hill+Knowlton run communications for the climate talks is like putting the fox's PR hack in charge of branding the chicken coop,' said jamieclimate.
Weiterlesen »
Why California students won’t be impacted by daylight saving time clock changesHow long is an eon or an era? We have a look at geologic time that only takes a jiffy.
Weiterlesen »
California heat-related illnesses increase by 300% since 2000 - KCBS Radio: On-DemandLISTEN: Despite the continued drought, hotter days, and bigger wildfires, the worst is yet to come for California's climate change crisis. KCBS Radio's Eric Thomas has the results of a new report from the state's Environmental Protection Agency.
Weiterlesen »
California governor pardons abortion activist from 1940sCalifornia Gov. Gavin Newsom has posthumously pardoned an abortion activist from the 1930s and 1940s.
Weiterlesen »
California tenants rise up, demand rent caps from city hallsLow-income tenants in the San Francisco Bay Area suburb of Antioch got legislation passed that will cap rent increases at 3% a year.
Weiterlesen »