News Headline Summary
ExxonMobil (XOM) says will develop the Hebron oil field offshore the Canadian province of Newfoundland and Labrador
- Capital cost for the project is estimated at USD 14bln.
- Platform being designed for daily production of 150,000 barrels of oil.
- Is expected to begin oil production around the end of 2017.
Reaction details (17:05)
- No movement seen in XOM shares; trades 88.61 last (+0.1%)
04 Jan 2013 - 17:01
Subscribe Now to RANsquawk
Click here for a 1 week free trial
RANsquawk provides audio news and commentary for over 15,000
professional traders and brokers worldwide. Services include:
Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
Teams of analysts covering equities, fixed income, FX, energy, and metals markets
Real-time scrolling news service with instant analysis
Daily and weekly pre-market research and calendars
Video updates covering near-term key risk events & primary trading themes
One-to-one chat with our expert analysts