ExxonMobil Egypt (Upstream), in cooperation with Tharwa Petroleum Company, signed an agreement with the Egyptian Natural Gas Holding Company (EGAS) to acquire a concession covering more than 4,000 km2 in the Star marine area in Egypt.

The Minister of Petroleum and Mineral Resources, Tarek El Molla, has signed 9 new agreements worth more than $1 billion for drilling 17 new exploration wells to search for petroleum and natural gas in Mediterranean, and the Red Sea with six international and Egyptian companies.

Louisiana Governor, John Bel Edwards, stated that ExxonMobil Company is studying to invest more than $240 million from Baton Rouge refinery, from which it is producing 517,700 barrels per day (b/d).

ExxonMobil announced a new plan for reducing greenhouse gas emissions by 15-20% in addition to methane intensity by 40-50% and flaring gas by 35-45% by 2025.

The Abu Dhabi National Oil Company (ADNOC) has signed with ExxonMobil to jointly explore technology research and development (R&D) opportunities through the upstream oil and gas value chain.

Indian Oil Minister, Dharmendra Pradhan, stated that ExxonMobil is on talks to buy a stake in oil and gas fields in India.

ExxonMobil announced in its business plan that it expects to spend $16-$19 billion in capital and exploration investments during 2021 in addition to $20 to $25 billion annually through 2025 to continue its investment pace.

Cooperation between countries is a must to overcome the Covid-19 pandemic and its repercussions on the energy future to secure energy needs, Tarek El Molla, Minister of Petroleum and Mineral Resources, stated during the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC).

ExxonMobil has come to a final investment decision (FID) to proceed with developing the Payara field offshore project after receiving approval from the government.

The Ministry of Petroleum and Mineral Resources, and Egypt Oil & Gas (EOG) Technical Committee through its Corporate Social Responsibility (CSR) subcommittee have sent the second batch of medical equipment today, Thursday 17, to support the medical community amid the coronavirus (COVID-19) outbreak.