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Tag: ExxonMobil

Shell subsidiary BG Egypt acquires 100% stake in ExxonMobil’s North East El Amriya offshore block

Posted: May 18, 2022 at 7:42 pm   /   Oil & Gas

SHELL STRENGTHENS ITS OFFSHORE POSITION IN EGYPT’S NILE DELTA – ACQUIRES OFFSHORE BLOCK 3 BG International Limited., a subsidiary of Shell plc., signed a Farm Out Agreement (FOA) with ExxonMobil Egypt (Upstream) Limited to acquire a 100% stake in the ExxonMobil-operated North East El-Amriya Offshore Area, Mediterranean Sea – also known as Block 3. On […]

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North Marakia

ExxonMobil, QatarEnergy sign farm out for North Marakia block offshore Egypt

Posted: March 30, 2022 at 7:41 pm   /   Oil & Gas

ExxonMobil signed an agreement to farm out working interest in the North Marakia exploration block offshore Egypt to QatarEnergy. Subject to customary approvals by the government of Egypt, QatarEnergy will hold a 40% working interest in the North Marakia Offshore Block in the Mediterranean Sea, An ExxonMobil affiliate will remain operator with 60% interest. The […]

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ExxonMobil to analyze Glaucus-2 natgas discovery offshore Cyprus

Posted: March 28, 2022 at 12:40 pm   /   Oil & Gas

A consortium led by ExxonMobil Corp. will analyze data collected from the Glaucus-2 appraisal well in Block 10 of the Exclusive Economic Zone of the Republic of Cyprus. Drilling of the now completed well demonstrated the presence of a gas reservoir with high quality characteristics, according to the Cyprus Ministry of Energy, Trade, and Industry. This is […]

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Porsche partners with ExxonMobil, Siemens Energy in world’s first eFuels plant

Posted: September 14, 2021 at 9:39 pm   /   Oil & Gas

Powered by green hydrogen: oil players partner with Porsche in ‘world first’ eFuels plant. Construction starts on what is said to be the world’s first integrated commercial plant for producing CO2-neutral fuel. US supermajor ExxonMobil is partnering with Siemens Energy, along with sports car manufacturer Porsche, to use green hydrogen in the manufacturing of carbon-neutral […]

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ExxonMobil, Trella bringing digital innovation to trucking industry in Egypt

Posted: July 28, 2021 at 12:32 pm   /   Oil & Gas

ExxonMobil Egypt collaborates in flagship Cairo-based digital freight marketplace, “Trella”. Following the 2019 announcement of ExxonMobil investment in Trella, ExxonMobil Egypt S.A.E. announces the signature of the Collaboration and Framework Agreement with Trella, a technology platform that connects shippers to carriers, aiming to disrupt the freight industry in Egypt with innovative solutions and tech-fueled growth. […]

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ExxonMobil Egypt collaborates with Magdi Yacoub Heart Foundation supporting Nursing Staff Competency

Posted: June 27, 2021 at 8:32 pm   /   Oil & Gas

Towards world-class medical services… ExxonMobil Egypt Collaborates with Magdi Yacoub Heart Foundation Supporting Nursing Staff Competency. Dina El-Gazzar: “The center employs 80% of participants in the training course, and we appreciate ExxonMobil Egypt’s valuable contributions thriving with the medical care for patients with heart diseases.”  Youssef Hafez: “Hand in hand with Magdi Yacoub Heart Foundation, […]

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Hart Energy: ExxonMobil, Chevron CEOs reportedly discussed a merger last year

Posted: February 1, 2021 at 1:36 pm   /   Oil & Gas

If true, the combination of Exxon Mobil and Chevron would form the world’s second largest oil company by market cap and production, second in both measures to Saudi Aramco. The CEOs of Exxon Mobil Corp. and Chevron Corp. spoke last year about combining the two U.S.-based oil giants, the Wall Street Journal reported Jan. 31 […]

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MEES: ExxonMobil eyes partnerships in Egypt’s offshore Mediterranean

Posted: January 31, 2021 at 3:48 pm   /   Oil & Gas

ExxonMobil is looking for partners to help move forward its East Mediterranean expansion after snagging large blocks off Egypt over the last two years. Farm down talks have focused on Shell, Equinor and, most intriguingly, Qatar Petroleum. US major ExxonMobil is looking for partners at its three recently-acquired exploration blocks in Egypt’s Mediterranean offshore. Fellow […]

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ExxonMobil Egypt inks Star Offshore concession agreement with EGAS

Posted: January 6, 2021 at 3:20 pm   /   Oil & Gas

ExxonMobil Egypt signed a contract to acquire a concession of more than 4,000 square kilometers in the Stare marine are in the Arab republic, according to a January 4th emailed press release. The agreement was signed with the Egyptian Natural Gas Holding Company (EGAS), in cooperation with petroleum firm Tharwa. Under the deal, ExxonMobil will […]

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Egypt signs Oil & Gas Exploration Agreements worth $1 billion

Posted: January 3, 2021 at 12:55 pm   /   Oil & Gas

Egypt said it signed new agreements involving investment of about $1 billion to search for oil and natural gas in parts of the Mediterranean and Red Sea. The deals are with six international and local companies including Exxon Mobil Corp. and Chevron Corp., the state-run Middle East News Agency reported Friday, citing a statement from […]

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