ExxonMobil Launches Natural Gas Exploration Project Offshore Cyprus

Exxon Mobil Corporation (XOM) , the U.S. oil and gas giant, has begun exploratory drilling offshore Cyprus in partnership with QatarEnergy to tap into the potential natural gas reserves in the region. ExxonMobil had previously announced that its drilling operations would include the Electra and Pegasus prospects. The president of Cyprus mentioned that drilling had commenced at the Electra prospect last week.East Mediterranean Gas Reserves Yield Promising ResultsThe Eastern Mediterranean region has drawn sig ...