Exxon and Statoil in joint Gulf of Mexico project

ExxonMobil and Statoil have agreed to jointly develop an oil field in the Gulf of Mexico thought to contain six billion barrels of oil and gas. The pair plan to spend $4bn (£2.57bn) to develop the Julia field, located 200 miles south of New Orleans, Louisiana. via Pocket http://www.bbc.co.uk/news/business-22451402#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa