ExxonMobil drilled a non-commercial well in Block 5 offshore Cyprus. The drillship will now move to the adjacent Block 10 to drill the Pegasus-1 exploration well. ExxonMobil Exploration and ...

Exxon Mobil's (NYSE:XOM) exploration well off the coast of Cyprus has been deemed non-commercial in a blow to the country's effort to develop offshore gas resources, the Cyprus Energy Ministry ...

An exploration drill by ExxonMobil offshore Cyprus has failed to find commercial quantities of natural gas, the island's energy ministry said on Monday. Drilling operations had been completed at ...