ExxonMobil 2014 Reserves Replacement Totals 104 Percent


Dateline City: IRVING, Texas Reserves replacement exceeds 100 percent for 21st consecutive year Reserves additions totaled 1.5 billion oil-equivalent barrels Liquids replaced at a ratio of 162 percent, bringing total proved reserves base to 54 percent liquids IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Read more [...]

Gulf Keystone slides after audit of its Iraq reserves


Analysts say figures below initial estimates, sending shares in oil group lowerGulf Keystone Petroleum, which hopes to move from Aim to the full list on 24 March, has come under pressure after a disappointing update on its Shaikan site in Iraq.Its shares are currently down 18.5p at 125.5p, having earlier fallen as low as 102.5p, as a third party audit of the Kurdistan reserves showed total reserves of 9.38bn barrels of oil equivalent at Shaikan. This is lower than earlier estimates of 13.7bn barrels.The Read more [...]

Exxon Mobil Corporation Announces 2013 Reserves Replacement Totaled 103 Percent


Dateline City: IRVING, Texas Reserves replacement exceeded 100 percent for 20th consecutive year Reserves additions totaled 1.6 billion oil-equivalent barrels Liquids replaced at a ratio of 153 percent, bringing total proved reserves base to 53 percent liquids IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today it replaced 103 percent of its 2013 production by adding proved oil and gas reserves totaling 1.6 billion oil-equivalent barrels, Read more [...]