Energy Biz Cheat Sheet: Exxon Signs $400M Construction Contract, Swift Energy’s
Exxon Mobil’s (NYSE:XOM) U.S. marine subsidiary, SeaRiver Maritime, has signed a $400 million contract with the Philadelphia Shipyard to construct two new tankers, a job that is expected to create more than 1,000 new jobs over the two-year construction period.
Investing Insights: Are Shares of Hess Due for a Move to the Upside?
ConocoPhillips (NYSE:COP) is reportedly the first major U.S. oil company to jump back into the Libyan oil market as an active buyer.
Swift Energy (NYSE:SFY) has lowered its third-quarter production estimates due to a line failure this week at its Fasken natural gas field in Southern Texas, which has been averaging gross natural gas sales volumes of roughly 40 million gross cubic feet per day.