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Tag: ExxonMobil
MEES West Med

MEES: Egypt bags all five Supermajors with key West Mediterranean awards

Posted: July 11, 2020 at 11:32 pm   /   Oil & Gas

Full House: Latest Awards Mean All Five Supermajors Have Signed Up For Egypt’s Virgin West Med Acreage Global exploration pullback? Not in Egypt with Chevron, Shell, Total and BP joining Exxon in bagging key frontier West Mediterranean acreage. Cairo moved closer this week to officially announcing the award of at least six offshore blocks located […]

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ExxonMobil

ExxonMobil to significantly reduce spending due to market conditions

Posted: March 18, 2020 at 1:09 pm   /   Oil & Gas

U.S. oil major ExxonMobil is looking to significantly reduce spending as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases. The oil price war and the sudden and sharp decline in oil prices as well as the global outbreak of the coronavirus have pushed oil and gas operators to reconsider […]

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WestMed MEES

Egypt agrees with five majors on West Mediterranean exploration

Posted: February 16, 2020 at 2:09 pm   /   Oil & Gas

Egypt agrees with five energy firms on exploration in Mediterranean: minister. Egypt has reached initial agreements with five major energy firms to explore for oil and gas in deep waters in off its western coast on the Mediterranean, the petroleum minister said, the first such deals in that offshore region. The five companies are Royal […]

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Exxonmobil

MEES: Stars align as ExxonMobil hikes up its commitment in Egypt

Posted: February 15, 2020 at 3:32 pm   /   Oil & Gas

Twelve months on from taking its first acreage in Egypt, US major ExxonMobil has now snapped up two more blocks in the country’s offshore Mediterranean. A year ago at the Egypt Petroleum Show (EGYPS) in Cairo oil minister Tarek El Molla proudly announced that US major ExxonMobil was finally entering Egypt. Since then, the firm […]

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Offshore-oil-rig

Egypt’s offshore oil & gas segment poised for growth – O&G Middle East

Posted: February 15, 2020 at 2:16 pm   /   Oil & Gas

After Egypt’s Red Sea exploration bidding round, the country’s offshore segment is ready to boom. At the close of Egypt’s Red Sea bidding round, it is clear that international oil companies see opportunity in the country, and its growth is just beginning to swell. Egypt awarded Shell, Mubadala, and Chevron exploration rights in the Red […]

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Exxon

Egypt, ExxonMobil sign two offshore Mediterranean exploration agreements

Posted: January 29, 2020 at 1:28 pm   /   Oil & Gas

Egypt has signed two deals with Exxon Mobil Corp for oil and gas exploration in the Mediterranean, the petroleum ministry said on Tuesday.  The deals involve a minimum investment of $332 million, the ministry said in a statement. Exxon Mobil announced the acquisition of more than 1.7 million acres last month.  The first agreement is […]

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chevron

Chevron to be awarded two blocks in Egypt’s Western Mediterranean – MEES

Posted: January 21, 2020 at 4:09 pm   /   Oil & Gas

Chevron To Bag Egypt West Med Blocks As Bidding Canned: MEES learns that Egypt’s oil ministry has cancelled plans to launch a bid round for eight ‘West Med’ blocks. Twelve months on from first announcing the imminent launch of a bid round for eight Western Mediterranean offshore blocks, MEES learns that Cairo has decided it […]

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ExxonMobil

ExxonMobil secures over 1.7 mn acres for exploration offshore Egypt

Posted: December 31, 2019 at 1:07 pm   /   Oil & Gas

ExxonMobil secures exploration acreage offshore Egypt Acquires more than 1.7 million acres offshore Egypt Adds upstream interests to longstanding downstream business in Egypt Exploration operations scheduled to begin in 2020 “These awards strengthen our exploration portfolio in the Eastern Mediterranean,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “We look […]

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exxonmobil

ExxonMobil considers logistics support center in Damietta Port

Posted: August 7, 2019 at 3:18 pm   /   Oil & Gas

ExxonMobil Probes Potentials for Oil & Gas Services in Damietta Port. Damietta Port Authority (DPA) Chairman, Cpt. Tarek Shahin met with ExxonMobil delegation to discuss their interest in exploring the possibility to establish a logistic support center in Damietta Port for servicing oil and gas fields. Both sides looked over port capabilities particularly its unique […]

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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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