Exxon Tries to Put the Worst Behind it With $20 Billion Writedown
By Jennifer Hiller HOUSTON, Nov 30 (Reuters) – Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion,...
The Singapore-based unit has already delivered to the Norwegian customer two similar platforms with another due in the fourth quarter of next year, according to a statement to the Singapore Exchange.
Accommodation platforms provide additional quarters for exploration-and-production support personnel needed for hook-up and commissioning during well development, for maintenance and upgrading during production and during decommissioning.
– Gaurav Raghuvanshi, (c) 2012 Dow Jones & Company
Join the 63,006 members that receive our newsletter.
Have a news tip? Let us know.