San Misr Revenues Increase 30% in 2020
The Egyptian Maintenance Company (San Masr) achieved a growth rate of EGP 6.6 billion, an increase of 30% over 2019, Mohamed Shimy, Chairman of the company, stated during San Misr’s general assembly.
ExxonMobil | Egypt Oil & Gas - Part 12
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 ...
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 9 new agreements worth more than $1 billion for drilling 17 new exploration wells to search for petroleum and natural gas in Mediterranea ...
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 from Baton Rouge refinery, from which it is producing 517,700 barrels per day (b/d).
ExxonMobil Announces New Emission Reduction Plan
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.
ADNOC, ExxonMobil Sign Technology R&D Agreement
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.
ExxonMobil in Talks to Buy Stakes in Indian Oil fields
Indian Oil Minister, Dharmendra Pradhan, stated that ExxonMobil is on talks to buy a stake in oil and gas fields in India.
Exxon to Spend $16- $19 billion on Investments in 2021
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 investm ...
El Molla: Cooperation Essential to Secure Energy’s Future
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 duri ...
ExxonMobil to Develop Payara Field Offshore Guyana
ExxonMobil has come to a final investment decision (FID) to proceed with developing the Payara field offshore project after receiving approval from the government.
