Exxon Mobil plans over 50 major new oil, gas projects

Exxon Mobil Corp. plans to start up more than 50 major oil and gas producing projects around the globe over the next four years and bring on as many new barrels as a major OPEC producer, company executives said today.

These new upstream projects, from the Caspian Sea to the deepwater Gulf of Mexico, could over time bring on the equivalent of 2.5 million barrels of new oil a day.