Key Takeaways ExxonMobil signs preliminary deals to explore and develop Iraq's massive Majnoon oil field.The deal with Basra Oil Company and SOMO aims to expand production and enhance Iraq's exports.SOMO and ExxonMobil are discussing additional storage in Singapore to strengthen access to markets in Asia.Exxon Mobil Corporation (XOM) has signed preliminary agreements for the exploration and development of the Majnoon oil field in Iraq. This marks the energy firm’s re-entry into Iraq after two years since it ...

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday. The total rig count in the US rose to 549, according to Baker Hughes, down 38 from this same time last year. US drillers added 6 oil rigs in the week, according to the data, reaching 424. Year over year, this represents a 60-rig decline. The number of gas rigs fell by 1 to 117 active rigs, which is 18 over this tame time last year. The miscellaneous ri ...