jan 24, 2010 - Technological Advancements

Description:

ExxonMobil finalizes its agreement with XTO Energy Inc., creating a new organization to focus on global development and production of unconventional resources. A plan to build and deploy a rapid response system that will be available to capture and contain oil in the event of a potential future underwater well blowout in the deep-water Gulf of Mexico was announced by Chevron, ConocoPhillips, ExxonMobil and Shell. ExxonMobil leads the containment system efforts on behalf of the sponsor companies.