Exxon Evaluates Seven Venezuela Energy Areas

Exxon Mobil signed a preliminary agreement with Venezuela to evaluate seven energy areas, including undeveloped fields and an exploration block. The non-binding memorandum of understanding gives the United States oil producer exclusive rights for one year to negotiate contract terms. A return to the South American nation would position Exxon to leverage operations in neighboring Guyana and Trinidad and Tobago quatro people close to the matter said Monday afternoon.