#OilmanNEWS 2017 January-February 

ExxonMobil Reexamines Value of its Oil Reserves

ExxonMobil expects that the downturn could affect the value of roughly 4.6 billion barrels of oil reserves. With the oil price hovering around $45, many companies have found that it is not profitable to produce certain types of oil, which cost more to extract from the ground. As such, certain oil and gas reserves that are relatively expensive to extract… Read More
#OilmanNEWS 2017 January-February Texas 

FMC Technologies and Technip Shareholders to Vote On Merger in December

Houston-based FMC Technologies said this week that Technip and FMC’s respective shareholders will vote on Dec. 5 to approve or deny the companies’ plan to merge. Earlier in May both companies announced their intentions to combine into a new firm, TechnipFMC, which will be valued at about $13 billion. Despite the ongoing downturn, FMC Technologies has managed to improve profitability… Read More
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