ExxonMobile Exploring Investment Opportunities

• Monday, 18th December 2017
• by Sarah Samir

ExxonMobil is meeting with the Ministry of Petroleum and Mineral Resources to explore investment opportunities in Egypt, according to the Minister of Petroleum and Mineral Resources, Tarek El Molla, Al Mal News report...

ExxonMobil Mulls Egypt’s Upstream Sector

• Monday, 4th December 2017
• by Sarah Samir

  Exxon Mobil officials are in talks with the Egyptian Ministry of Petroleum and Mineral Resources in order to invest in the country’s oil and gas upstream sector, Minister of Petroleum, Tarek El Molla, tol...

Equatorial Guinea, ExxonMobil Sign Production-Sharing Deal

• Tuesday, 6th June 2017
• by

Equatorial Guinea’s Hydrocarbons Ministry announced that US oil major ExxonMobil has signed a production-sharing contract with Equatorial Guinea for offshore block EG-11, Reuters reported. Equatorial Guinea’s Minister...

Rosneft to Begin Offshore Exploration in Mozambique

• Monday, 29th May 2017
• by

Russia’s national oil company Rosneft, in a consortium with the American firm ExxonMobil, intends to commence exploration work in the offshore zone of Mozambique in the second half of 2017, Macauhub informed. “In Octo...

NIPCO Acquires ExxonMobil’s 60% Stake in Mobil Oil Nigeria

• Thursday, 6th April 2017
• by

NIPCO Investments Limited, a subsidiary of NIPCO Plc, took over the 60% majority equity stake of ExxonMobil Oil Corporation in Mobil Oil Nigeria Plc late March. The negotiation is considered to be one of the biggest d...

ExxonMobil, Qatar Petroleum to Develop Cyprus’ Block 10

• Wednesday, 5th April 2017
• by Editorial Team

ExxonMobil Corporation and Qatar Petroleum signed early April an exploration and production sharing contract with the Republic of Cyprus for the development of the country’s Block 10, Sigma Live reported. Drilling ope...

Mozambique to Receive $350m in Taxes from Eni

• Wednesday, 22nd March 2017
• by

Mozambique will gain $350m in capital taxes from Eni after the Italian oil and gas company agreed to sell a stake in a gas field to ExxonMobil Corporation, Reuters reported, citing the Senior Tax Official, Anibal Mbal...

Bouteflika to Free Economy from Oil, Gas Dependence

• Tuesday, 14th March 2017
• by Sarah Samir

Algeria’s President, Abdelaziz Bouteflika, has urged for the independence of the country’s economy from the oil and gas industry, reported Natural Gas World. Bouteflika stated: “I would underline primarily the n...

ExxonMobil to Buy 25% of Eni’s LNG Offshore Mozambique

• Monday, 13th March 2017
• by

ExxonMobil Corp. announced it will buy 25% of a liquefied natural gas (LNG) project off Mozambique from Italy’s Eni for about $2.8b as the US oil giant expands its worldwide LNG footprint, Bloomberg reported. Eni, whi...

Eni to Sell Stake in Mozambique Gasfield within Weeks

• Thursday, 2nd March 2017
• by

Eni announced on Wednesday that it was “within weeks” of sealing a multi-billion-dollar deal to sell a stake in its Mozambique operations, with ExxonMobil favorite to buy the asset, Financial Times reported. The Itali...