TechBloomberg Tech1h ago
Exxon Signs Shale Deal With Azerbaijan for Middle Kura Basin
TL;DRExxonMobil will drill shale oil and gas in Azerbaijan's Middle Kura Basin.
Why it matters: Major energy company betting on shale abroad signals global demand for fossil fuels and geopolitical repositioning.
ExxonMobil Holdings Corp. agreed to pump oil and natural gas from Azerbaijan’s shale fields as the Texas energy giant takes its fracking expertise overseas.
Read full articleSource: Bloomberg Tech · Opens in new tab