Exxon Mobil (NYSE:XOM) is on the verge of signing an offshore gas exploration deal in Libya, according to the U.S. Embassy in ...

ExxonMobil is set to sign a gas offshore exploration deal in Libya, according to the US Embassy in Tripoli, although the ...

Prequalified bidders for 22 block offering also include six Chinese players, most of them privately-owned — and two Russian ...

And Libya is capable of producing 700,000 barrels a day (bpd), so that'll be an even bigger catalyst than the OPEC output hike, which is starting at just 180,000 bpd.

ExxonMobil announced plans on Wednesday to raise its oil and natural gas production by 18% by 2030, investing between $28 billion - $33 billion annually.