Exxon exploration well offshore Cyprus fails to find commercial gas

Oil platform on the ocean. Offshore drilling for gas and petroleum

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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 said Monday.

Exxon (NYSE:XOM) began drilling the Elektra-1 well in

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