17Th

ExxonMobil Corp. last year added 3.5 boe to its proved reserves, replacing 209% of production. It was the company’s 17th consecutive year of reserve replacement exceeding 100% of production.

Shell Exploration & Production Co. (SEPCo) plans to moveforward with its 17th deepwater project while at the same timerededicating itself to a cost cutting program for its deep-wateractivity.

Technology and deregulation are viewed as the preeminent driversfor change in the energy industry by executives speaking last weekin Houston at the 17th congress of the World Energy Council.Indeed, change – of the fast-paced and relentless variety – seemedto be regarded as a given by most at the congress.