Stock Analysts

Exxon, Samsung in Construction Deal (BP) (COP) (XOM)

ExxonMobil Corporation ( XOM ) has awarded a contract of $750 million to Samsung Engineering Company and Tripatra Engineering. The contract entails construction of production facilities at the Banyu Urip field in the Cepu oil and gas block in Java. The project, slated to begin this month, confers Samsung Engineering Company and its Indonesian partner Tripatra Engineering rights to handle all procedures, ranging from design to procurement, construction and pilot operations by July 2014. […]