ExxonMobil | Egypt Oil & Gas - Part 13

ExxonMobil Announces New Emission Reduction Plan

ExxonMobil announced a new plan for reducing greenhouse gas emissions by 15-20% in addition to reduction of methane intensity by 40-50% and flaring gas by 35-45% by 2025, according to a press release. The company elab...

ADNOC, ExxonMobil Sign Technology R&D Agreement

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

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, according to Economic times. The Minister added that India is looking to simulate Texas model ...

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 investment ...

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 and secure energy needs, Tarek El Molla, Minister of Petroleum and Mineral Resources, stated during ...

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 Guyana government, according to a press release. Payara is the third ...

MoP, EOG-CSR Offer Second Batch of Anti-Coronavirus Aid Supply to Medical Community

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, ...

ExxonMobil Makes 18th Discovery Offshore Guyana

US supermajor, ExxonMobil, has announced the discovery at the Redtail-1 well which will add to the previously estimated recoverable resources of more than 8 billion barrels of oil equivalent (bbboe) on the Stabroek Bl...

ExxonMobil Presses for Approval for Guyana Project

America’s supermajor, ExxonMobil Corporation, is putting pressure on the newly-installed Guyanese government to ratify the company’s third oil project in the Stabroek Block, which has been delayed due to political tur...

ExxonMobil, Global Clean Energy Invest in Renewable Diesel

ExxonMobil and Global Clean Energy signed a contract agreeing to purchase 2.5 million barrels (mmbbl) of renewable diesel per annum for the coming five years, according to a press release. The renewable diesel contrac...

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