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Tag: ExxonMobil
ExxonMobil

ExxonMobil eyes Africa expansion opportunities, Egypt tops the list

Posted: May 20, 2018 at 2:34 pm   /   Oil & Gas

ExxonMobil is eyeing expansion opportunities in Africa, now that oil prices are on the rise again, according to the Africa Report. “The company wants to reinvest in Africa, partly to compete against Eni and Total and to not leave them to dominate the continent,” says OCP Policy Center research associate Francis Perrin. “ExxonMobil looks at […]

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ExxonMobil to merge its Marketing and Refining units

Posted: December 13, 2017 at 7:51 pm   /   Oil & Gas

Oil giant ExxonMobil has announced that its marketing and refining divisions will be merged. This is part of the plans by the chief executive officer of the company, Darren Woods, to overhaul the refining operations of Exxon Mobil in the face of volatile natural gas and oil prices. According to the oil major, merging the […]

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ExxonMobil eyes Egypt's offshore oil and gas sector

Posted: December 4, 2017 at 2:33 pm   /   Oil & Gas

ExxonMobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry sources said. Officials from the world’s largest listed oil producer recently held talks with Egypt’s petroleum ministry to discuss investments in oil and gas production, known as upstream operations, […]

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ExxonMobil delegation in Egypt to discuss possible oil and gas projects

Posted: November 5, 2017 at 12:50 pm   /   Oil & Gas

A delegation from ExxonMobil reportedly arrived in Egypt to discuss possible oil and gas projects within the next 5-7 years, an Oil Ministry source says, Youm7 reports. The delegation met with officials from the EGPC, EGAS, and the Ganoub El Wadi Petroleum Holding Company (Ganope). The company is reportedly particularly interested in exploration projects in […]

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Cyprus working extensively to export its natural gas to Egypt

Posted: November 2, 2017 at 8:01 pm   /   Oil & Gas

Cyprus Hydrocarbon Company (CHC) is working “intensively” towards making gas exports to Egypt possible, General Manager Panos Kelamis told Cyprus Mail. “We want to clinch an agreement, because this would be an agreement for 15-20 years that will offer Cyprus the maximum … We definitely want to go to Egypt, but we have certainly looked […]

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FT: Eni’s offshore drilling gamble looks set to pay off

Posted: March 1, 2017 at 7:37 pm   /   Oil & Gas

Over a lunch of locally caught Mediterranean seafood, Claudio Descalzi delivers a pep talk to managers around a large dining table in the offices of a petroleum plant near Port Said, Egypt. “We need to do more, more, more every day,” says the chief executive of Eni, the Italian oil and gas group. He is […]

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ExxonMobil Egypt is the diamond sponsor of the Egypt Petroleum Show (EGYPS 2017)

Posted: January 29, 2017 at 5:11 pm   /   Oil & Gas

Under the patronage of President Al Sisi, ExxonMobil Egypt is the diamond sponsor of the First International Energy Conference and Exhibition in Egypt (EGYPS 2017). Eng. Hesham Elamroussy: “EGYPS 2017 is one of the most important events in the oil and gas industry that would contribute to the growth of the Egyptian economy”. “An active […]

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Total to begin drilling in Egypt, Cyprus in regional growth push

Posted: January 22, 2017 at 3:11 pm   /   Oil & Gas

France’s Total is preparing to drill for gas off Cyprus, close to Eni’s huge Zohr discovery off the Egyptian coast which in 2015 renewed interest among oil majors for exploration in the Mediterranean. Cyprus awarded Eni, Total and ExxonMobil exploration licences near the Zohr field in December, while neighbouring Lebanon plans to restart its delayed […]

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IHS Markit: Total’s Offshore Cyprus Block 11 Could Rival Egypt’s Zohr Natural Gas Discovery

Posted: January 12, 2017 at 8:29 pm   /   Oil & Gas

Total to drill one of E&P industry’s most critical wells in 2017, as interest grows in region. Driven by the success of Eni’s major Zohr Field gas discovery offshore Egypt in 2015, companies are rethinking the Eastern Mediterranean region’s gas potential, according to new analysis from IHS Markit , a world leader in critical information, […]

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exxonmobil

ExxonMobil joins list of companies reportedly interested in Zohr field stake

Posted: August 14, 2016 at 2:23 pm   /   Oil & Gas

ExxonMobil has reportedly joined Lukoil, Total, Edison, and BP on the list of IOCs negotiating with Eni to acquire at least 20% of its stake in the Zohr field, sources tell Reuters. ExxonMobil does not have upstream concessions in Egypt, but has recently landed bordering acreage in Cyprus, the news wire reports. Eni is trying […]

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