EXXON Mobil is in talks with PetroChina to develop gas field in China

EXXON Mobil Corp. is in talks with PetroChina Co. to jointly explore and develop an unconventional gas block in the resource-rich Ordos basin in northern China. BEIJING Exxon Mobil Corp. is in talks with PetroChina Co. to jointly explore and develop an unconventional gas block in the resource-rich Ordos basin in northern China, according to a person familiar with the matter. A successful conclusion to the talks would mark the entry of another global energy major into a huge but undeveloped sector that China hasn't been able to develop because of a lack of technology.