Exxonmobil could spend more than $100 million for oil exploration
ExxonMobil, one of the world's largest oil and gas producers, said Friday it could spend more than US$100 million for offshore oil exploration in the country.
Exxon Mobil Corp will invest $600 million over the next five to six years on trying to developing biofuel from algae, even though the oil major has said renewables will be only a small part of global energy supply.