US Upstream week in brief: ExxonMobil's $20 B investment to make American petrochemicals great again

ExxonMobil announced ambitious plans to spend $20 billion on petrochemical projects over the next 10 years throughout the US, with a majority being invested along the Gulf Coast. The company is the latest to commit to spending billions to capitalize on distressed commodities. Will this massive influx of investment make American refining great again? Meanwhile, Mexico opens up its unconventional acreage as it announces a licensing round scheduled in June 2017. How can the country attract operators to this relatively unexplored area? Other stories covered this week include: Fleeting winter leads to the earliest gas storage injection since 1994 Water solutions provider Select Energy Service announces IPO EPIC Pipeline to add 440 kbd of Permian takeaway capacity, alleviating risk of pricing blowout