LNG

ExxonMobil Chairman and Chief Executive Darren W. Woods said the US major was still committed to its Mozambique liquefied natural gas project as well as to other ventures amid further delays, while cutting back immediately in US Permian Basin production.

Keane Group Inc. and C&J Energy Services, two Houston-based oil and gas services companies, have agreed to combine their completions and production services operations such as hydraulic fracturing in shale basins and workover rigs in an all-stock merger valued at about $1.8 billion.