ExxonMobil | Egypt Oil & Gas - Part 12

Equinor, ExxonMobil to Invest $8 B in Brazil’s Bacalhau Oil Discovery

Equinor, ExxonMobil, and Petrogal Brasil have agreed to invest $8 billion in the development of Brazil’s Bacalhau oil discovery, according to Reuters. First oil from the field, which will be operated by Equinor,...

ExxonMobil Strikes Oil in Uaru-2 Well

ExxonMobil made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana, according to ExxonMobil’s press release. Uaru-2 will add to the block’s previously reported gross discovered recoverable resou...

ExxonMobil to develop Fracking Pilot Project in Colombia

ExxonMobil’s plan to develop a pilot project for hydraulic fracturing, known as fracking, in the Valle Medio del Magdalena basin in Colombia has been provisionally approved by Colombia authority, according to Reuters....

ExxonMobil, Porsche Test Lower-Carbon Fuel

ExxonMobil and Porsche have begun testing advanced biofuels, renewable, and lower- carbon eFuels as part of a new agreement to find ways toward potential future consumer adoption, according to a press release issued b...

EOG Hosts First Female Empowerment Webinar

In celebration of Women’s History Month and in recognition of the remarkable milestones women have reached in the oil and gas industry, Egypt Oil & Gas (EOG) Committee hosted its first female empowerment webinar  ...

Iraqi Cabinet Approves Tender for Drilling 96 Wells

The Iraqi Cabinet has approved the recommendation of the Ministerial Council for Energy for conducting a tender to drill 96 oil wells in Basra, a statement issued by the General Secretariat of the Cabinet announced. T...

San Misr Revenues Increase 30% in 2020

The Egyptian Maintenance Company (San Masr) has announced an  achievement of a growth in 2020 roughly EGP 6.6 billion, which indicated an increase of 30% compared to 2019, a relevant press statement cited. Per the sta...

ExxonMobil Acquires Offshore Exploration Concession in Egypt

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 mari...

El Molla Signs 9 New Oil and Gas Agreements Worth More than $1B

The Minister of Petroleum and Mineral Resources, Tarek El Molla, has signed nine new agreements worth more than $1 billion with six international and Egyptian companies for drilling 17 new exploration wells to search ...

Exxon Studies Investing about $240 M in Baton Rouge Refinery

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

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