Exxon Mobil’s $14B Canada project to recover 700M barrels
Exxon Mobil Corp. (NYSE: XOM) said Friday it will move forward with a project off Canada’s east coast that will recover more than 700 million barrels of oil, with a capital cost of $14 billion. The Hebron oil project is designed for daily production of roughly 150,000 barrels of oil, according to the Irving-based company. Located offshore from the Canadian province of Newfoundland and Labrador, the Hebron project will employ around 3,500 people, the company said. “Hebron will be operated by…
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