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Iraqi oil ministry officials said that ExxonMobil has reached out to express interest in acquiring Lukoil’s majority share in the massive West Qurna 2 oilfield, Reuters reported. ExxonMobil has approached Iraqi oil ministry officials to express interest in acquiring Lukoil’s majority share in the West Qurna 2 oilfield, Reuters reported. The field holds approximately 13 billion […]
The post Exxon Mobil Eyes Lukoil’s Stake in Iraq’s West Qurna 2 Giant first appeared on Egypt Oil & Gas.
Read moreThe Egyptian General Petroleum Corporation (EGPC) has signed a strategic Memorandum of Understanding (MoU) with ExxonMobil Egypt to enhance risk management, operational safety, and training across Egypt’s fuel transportation and distribution system. According to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR), the MoU was signed in a meeting attended by Salah […]
The post EGPC, ExxonMobil Sign Agreement to Boost Fuel Transport Safety first appeared on Egypt Oil & Gas.
Read more(World Oil)– ExxonMobil lifted a force majeure on its Rovuma liquefied natural gas project in Mozambique as security concerns subside, […]
Read moreUS oil giant Exxon Mobil is evaluating potential acquisitions of Russian Lukoil overseas assets, sources familiar with the talks told Reuters. This places Exxon Mobil alongside rival Chevron, which is also reviewing opportunities to buy portions of Lukoil’s international portfolio. Exxon Mobil’s interest is reportedly focused on Kazakhstan. The company already shares stakes with Lukoil and […]
The post Exxon Mobil, Chevron Weigh Bids for Lukoil International Assets first appeared on Egypt Oil & Gas.
Read more(Oil Price) – Oil markets have been volatile over the past couple of weeks, driven by a series of geopolitical […]
Read more(BOE Report) – When Chevron executives and top shareholders convene in New York City on Wednesday for the oil producer’s investor day, […]
Read more(BOE Report)– Hydrocarbons will continue to play a critical role for a long time to come, the CEO of U.S. […]
Read more(Oil Price)– ExxonMobil is expanding its exploration portfolio offshore Greece with a new farm-in agreement for a block in the […]
Read more(World Oil)– Aker Solutions has secured a five-year brownfield services contract extension from ExxonMobil Canada Properties, as operator of the […]
Read moreExxonMobil, Energean, and HELLENiQ ENERGY Upstream have announced a Farm-In Agreement under which ExxonMobil will acquire a participation interest in the Block 2 concession, located in the northwestern Ionian Sea, near the Italian Exclusive Economic Zone (EEZ). A farm-in agreement is a contract commonly used in the oil, gas, and mining industries, where one company, […]
The post ExxonMobil Joins Energean, HELLENiQ ENERGY in Ionian Sea Block 2 Through New Farm-In Deal first appeared on Egypt Oil & Gas.
Read moreExxonMobil has signed a memorandum of understanding (MoU) with the Egyptian Natural Gas Holding Company (EGAS) to expand its natural gas exploration activities in the Mediterranean Sea, marking a new chapter in the company’s partnership with Egypt. The agreement was signed on the sidelines of the ADIPEC 2025 conference in Abu Dhabi, in the presence […]
The post ExxonMobil Expands Gas Exploration in Egypt with New Concession West of Zohr Field first appeared on Egypt Oil & Gas.
Read more(Investing) – ABU DHABI -Executives at two of Europe’s top gas suppliers, ExxonMobil and QatarEnergy, on Monday warned they could stop doing […]
Read moreExxonMobil reported earnings of $7.5 billion in the third quarter (Q3) of 2025 compared to $7.08 billion recorded in the second quarter (Q2) of 2025. The company stated that the improved earnings were driven by advantaged volumes, record production in Guyana and the Permian basin, structural cost savings, and stronger crude realizations. The company’s strong […]
The post ExxonMobil Reports Earnings of $7.5 billion in Q3 2025 first appeared on Egypt Oil & Gas.
Read more(World Oil)– ExxonMobil reported third-quarter 2025 earnings of $7.5 billion, highlighting record upstream performance across its global portfolio, led by […]
Read more(BOE Report)– U.S. oil company ConocoPhillips is laying off employees at its Canadian operations, according to three sources and a company […]
Read more(World Oil)– Exxon Mobil Corp. Chief Executive Officer Darren Woods renewed criticism of the European Union’s energy policies while praising […]
Read more(World Oil) – Exxon Mobil Corp. Chief Executive Officer Darren Woods renewed criticism of the European Union’s energy policies while […]
Read more(Oil Price)– China has formalized a barter-style framework with Iran in which crude oil is exchanged for infrastructure projects (from […]
Read more(World Oil)– ExxonMobil signed agreements that lay the groundwork for it to explore Iraq’s giant Majnoon oil field, ending the […]
Read moreExxonMobil, an American energy giant, is exploring the possibility of returning to operations in Iraq after nearly two years’ hiatus by signing preliminary agreements to begin work on the Majnoon oil field in southern Iraq. The oil field, located about 60 kilometers north of Basra, is recognised as one of the world’s most resource-rich fields, […]
The post ExxonMobil Mulls Resuming Operations in Iraq first appeared on Egypt Oil & Gas.
Read more(World Oil) – ExxonMobil plans to cut about 2,000 jobs globally as the Texas oil company consolidates smaller offices into […]
Read more(BOE Report) – Chevron said on Thursday it was expecting a loss of $200 million to $400 million in the third […]
Read more(BOE Report) – Guyana’s oil production increased to 685,000 barrels per day in August from 664,000 bpd the previous month, […]
Read more(BOE Report) – Kremlin spokesman Dmitry Peskov, asked about the possible return of Exxon Mobil to Russia, said on Wednesday that the […]
Read more(BOE Report) – U.S. oil major Exxon Mobil and Russian state-run energy giant Rosneft have signed a non-binding initial agreement to help […]
Read more(World Oil) – ExxonMobil has reached a final investment decision (FID) on the Hammerhead development offshore Guyana, following government approvals. […]
Read more(Investing) – HOUSTON –Exxon Mobil is stepping up attacks against a European Union corporate sustainability law and has taken its concerns directly […]
Read moreBOURBON is strengthening its 15-year collaboration with ExxonMobil in Angola by announcing the signing of a five-year contract for the charter of new 34-meter vessels to ensure the transfer of … Read More
The post ANGOLA: BOURBON wins a 5-year co…
The State Oil Marketing Organization (SOMO) revealed that it entered into negotiations with ExxonMobil seeking a deal for more storage space in Singapore, according to Iraq News Agency (INA). It added that the negotiations also include other agreements to strengthen storage and refining activities in Asia, emphasizing Iraq’s ongoing status as a major crude oil […]
The post SOMO Negotiates with Exxon for Storage Space in Singapore first appeared on Egypt Oil & Gas.
Read more(World Oil)– ExxonMobil said net zero goals for the global energy sector are likely to drift further beyond 2050 due […]
Read moreRussia’s President Vladimir Putin has signed a decree that enables foreign investors, including US. ExxonMobil, to reclaim its stake in the Sakhalin-1 oil and gas project, Reuters reported. Sakhalin-1 is a major oil and gas development located off the coast of Sakhalin Island in Russia’s Far East. Operated under a production sharing agreement since the […]
The post ExxonMobil May Return to Sakhalin-1, Two Years After Putin’s Takeover first appeared on Egypt Oil & Gas.
Read moreUS ExxonMobil has commenced production from Yellowtail, its fourth oil development in Guyana’s offshore Stabroek block, four months ahead of schedule. The company reported an initial average production of 250,000 barrels per day (bbl/d) of oil throughout the year, and a storage capacity of two million barrels from the operating vessel. The project involved ONE […]
The post ExxonMobil Begins Production from Yellowtail Project Offshore Guyana first appeared on Egypt Oil & Gas.
Read more(World Oil) – ExxonMobil Guyana started production today at Yellowtail, the fourth oil development in Guyana’s offshore Stabroek block. Yellowtail’s […]
Read more(BOE Report) – LONDON, Aug 5 – When playing catch up, picking up the pace may not be enough. One also […]
Read moreThe National Oil Corporation (NOC), along with the major international oil company ExxonMobil, signed a new Memorandum of Understanding (MoU) after a decade of halt. Under the MoU, ExxonMobil will conduct a detailed technical study of four Libyan offshore blocks located near the northwest coast and the Sirte Basin to identify the resources of hydrocarbons […]
The post ExxonMobil Inks MoU for Developing Four Blocks in Libya first appeared on Egypt Oil & Gas.
Read more(Oil Price)– Despite the slide in oil prices in the second quarter, ExxonMobil (NYSE: XOM) reported on Friday earnings that […]
Read more(Oil Price)– Australia’s energy major Woodside has taken over the operatorship of the Bass Strait oil and gas assets that […]
Read more(World Oil)– Chevron has completed its $53 billion acquisition of Hess Corporation, having prevailed in an arbitration against ExxonMobil regarding […]
Read more(BOE Report) – LONDON, July 18 – The high-stakes clash between Exxon Mobil and Chevron over a prized South American oilfield may be […]
Read more(Oil Price)– The U.S. Department of Energy has authorized the exchange of up to 1 million barrels from the Strategic […]
Read more(Oil Price)– The U.S. Department of Energy has authorized the exchange of up to 1 million barrels from the Strategic […]
Read more(World Oil)– ExxonMobil expects lower oil and gas prices to reduce the company’s earnings by about $1.5 billion as a […]
Read more(Oil Price)– U.S. supermajors ExxonMobil and Chevron, Indonesia’s state energy firm Pertamina, and other companies from the two countries are […]
Read more(Investing) – A consortium led by ExxonMobil (NYSE:XOM) has discovered a natural gas reservoir off the coast of Cyprus, according to a government […]
Read moreExxonMobil Corporation and the State Oil Company of the Republic of Azerbaijan (SOCAR) signed a Memorandum of Understanding (MoU) to partner on enhancing Azerbaijan’s oil and gas resources. SOCAR President Rovshan Najaf and ExxonMobil Vice President John Ardill signed the agreement. The agreement outlines plans to deepen collaboration in exploration, production, and energy innovation. “We’re […]
The post ExxonMobil Signs a MOU to develop Azerbaijan’s oil and gas Resources first appeared on Egypt Oil & Gas.
Read more(World Oil) – The Energy Department is canceling some $3.7 billion in government support for clean energy projects it said […]
Read more(World Oil) – Exxon Mobil Corp. said it will be “business as usual” in its massive Guyana oil field if […]
Read more(Oil Price) – This week, a private arbitration panel in London began hearing the arguments of U.S. supermajors ExxonMobil and Chevron […]
Read more(BOE Report) – Energy major ExxonMobil has entered into exclusive negotiations with the French unit of Canadian energy group North […]
Read moreExxonMobil announced that it has entered exclusive negotiations with the French unit of Canadian energy group North Atlantic to sell the 82.89 % stake Exxon owns in the French subsidiary Esso, according to Reuters. The sale is planned to be implemented in Q4 2025, at a price of EUR149.19 ($168.82) per share before distributions, or […]
The post ExxonMobil Enters Exclusive Talks with North Atlantic for Esso Share Sale first appeared on Egypt Oil & Gas.
Read morePrime Minister Mostafa Madbouly met with John Ardill, Vice President of Global Exploration at ExxonMobil, at the government headquarters in the New Administrative Capital to review the status of several concession areas that are affiliated with the company in Egypt. The meeting was attended by Karim Badawi, Minister of Petroleum and Mineral Resources; Amr Abou […]
The post ExxonMobil Updates Madbouly on its Current and Future Plans in Egypt first appeared on Egypt Oil & Gas.
Read moreNigeria’s oil regulator stated that ExxonMobil will invest $1.5 billion in developing its deepwater operations in the country, Reuters reported. The company will pump this amount of money, during the period between the second quarter (Q2) 2025 through 2027, in developing the Usan deepwater oilfield, located on the key offshore block OML 138 in the […]
The post ExxonMobil to Pump $1.5B to Invest in Nigerian Oilfield first appeared on Egypt Oil & Gas.
Read moreExxonMobil Corporation, the American gas and oil giant, reported a 7.3 per cent decline in its net profits during the first quarter of 2025 to reach $7.7 billion compared to $8.2 billion in the same quarter of 2024. Exxon Mobil attributed the drop in net profits to the significant decline in industry refining margins, weaker […]
The post ExxonMobil posts a 7% drop in profits, a cash flow of $13 billion in Q1 2025 first appeared on Egypt Oil & Gas.
Read more(Oil Price) – First-quarter earnings at ExxonMobil (NYSE: XOM) topped analyst estimates as higher production in the Permian and offshore Guyana […]
Read moreA memorandum of understanding has been signed between the Egyptian natural gas company “EGAS” and ExxonMobil Egypt Upstream Limited to lay the necessary foundations for the development of the system … Read More
The post Egypt, ExxonMo…
Este navío de ExxonMobil fue construido por SBM Offshore, operará en el desarrollo Yellowtail, con una capacidad de producción inicial de 250 mil barriles diarios y un volumen total de almacenamiento de aproximadamente dos millones de barriles ExxonMobil anunció la llegada del buque flotante de producción, almacenamiento y descarga (FPSO) ONE GUYANA a los mares […]
Read moreEni, as the Delegated Operator of Area 4, on behalf of its Area 4 partners, celebrates the shipment of the 100thcargo of Liquified Natural Gas (LNG) produced from Coral South … Read More
The post MOZAMBIQUE: Eni celebrates the 100th cargo of LNG …
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