ExxonMobil’s new well, dubbed Pegasus, will be drilled near the existing Glaucus deposit which is estimated to contain 5 to 8 trillion cubic feet of gas inside an area for which the company and ...

while Pegasus is close to Exxon's (XOM) previously discovered Glaucus in Block 10 and Cronos, an Eni-TotalEnergies discovery in Block 6. "There is huge potential for gas exploration," Ardill said.

Exxon Mobil's exploration well off the coast of Cyprus has been deemed non-commercial in a blow to the country's effort to ...

An exploration drill by ExxonMobil offshore Cyprus has failed to find commercial quantities of natural gas, the island's ...

Exxon Mobil Corporation XOM ... The consortium will now focus on drilling another exploratory well, Pegasus-1, located in a different offshore block in Cyrus’ EEZ. The results pose a major ...

ExxonMobil's Elektra exploration well off the coast of Cyprus has been deemed uncommercial in a blow to the country's bid to ...

Guyana’s destiny changed in 2015. US fossil fuel giant Exxon discovered nearly 11 billion barrels of oil in the deep water off the coast of this tiny, rainforested country. It was one of the ...