11:54 - 21.04.2026

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April 21, Fineko/abc.az. Exxon Mobil, Chevron and other energy companies are accelerating the search for new oil and gas fields away from the dangers of war in the Middle East.

ABC.AZ informs, referring to The Wall Street Journal, that Exxon Mobil recently unveiled a potential investment plan of up to $24 billion in deepwater deposits in Nigeria, and Chevron expanded its presence in Venezuela. BP has acquired stakes in oil blocks off the coast of Namibia, and TotalEnergies has signed an exploration agreement with Turkey.

Analysts at consulting company Wood Mackenzie have estimated that the largest oil majors can collectively create $120 billion in value from their exploration projects in the coming years.