Category: investment

ExxonMobil to Pump $1.5B to Invest in Nigerian Oilfield

Nigeria’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 […]

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KNOC Mulls Expanding Investments in Egypt’s Petroleum Sector

Minister of Petroleum and Mineral Resources Karim Badawi met with Dong Sub Kim, CEO and President of the Korea National Oil Corporation (KNOC), and his accompanying delegation to explore investment opportunities and potential areas of cooperation in Egypt’s petroleum sector. The meeting highlighted KNOC’s keen interest in expanding its investments in Egypt’s oil and gas […]

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