Royal Dutch Shell and ExxonMobil are considering a return to Somalia ahead of an oil block bid round later this year, Reuters reported. The Somali Ministry of Petroleum revealed that an agreement was signed in Amsterd...
Iraq’s giant West Qurna 1 oilfield has reached a production capacity of around 465,000 barrels per day (b/d), up from 440,000 b/d, according to Iraqi oil officials, Reuters reported. The rise in production is attribut...
Saudi Basic Industries Corporation (SABIC) and ExxonMobil will jointly construct a petrochemical facility, including a 1.8 million metric ton ethane steam cracker in Texas, Zaywa reported. “Building the world’s larges...
Saudi Basic Industries Corporation (SABIC) has obtained the needed regulatory approvals, including environmental permits, to establish a petrochemical joint venture (JV) project with ExxonMobil in the US Gulf Coast. S...
Iraq plans to increase the production capacity of West Qurna 1 oilfield to 490,000 barrels per day (b/d) in the “next few days,” according to a senior Iraqi official, Reuters reported. The oilfield which is developed ...
ExxonMobil has evacuated its foreign staff of 60 people, from the Iraqi West Qurna 1 oilfield to Dubai, according to industry sources, Reuters reported. “The foreign engineers will provide advice and perform their dut...
The Abu Dhabi National Oil Company (ADNOC)’s CEO and UAE Minister of State, Sultan Ahmed Al Jaber, met ExxonMobil’s CEO, Darren Woods, to discuss new collaboration opportunities in the upstream and downstream sectors,...
Iraq is expected to sign a $53 billion energy agreement with ExxonMobil and PetroChina, Reuters reported. The mega-project involves developing the Nahr Bin Umar and Artawi oilfields to increase their production to 500...
Qatar Petroleum has won exploration rights in five offshore blocks in Argentina, Reuters reported. The company won the exploration rights as part of two consortia. The first consortium, for exploring three blocks, inc...
ExxonMobil and Algeria’s national company, Sonatrach, hindered their discussion to develop Algeria’s natural gas field as a wave of unrest takes over the country, industry sources said, Reuters reported. The talks bet...