Expansion mode: An ExxonMobil refinery in Baytown, Texas. ExxonMobile and Noble Energy have struck deals worth nearly US10bil combined for a larger slice of the Permian Basin, the largest US oil field. — Reuters
More than US$30bil worth of deals signed since late November
LONDON: The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps in crude prices.
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