ExxonMobil | Egypt Oil & Gas - Part 18

Nipco to Purchase 60% of Mobil Oil Nigeria

Nipco Plc will pay about $291m for the acquisition of the 60% shares of ExxonMobil in the company.

ExxonMobil Drills Liberia’s Mesurado-1 Well

ExxonMobil Exploration and Production Liberia announced that it has commenced the drilling of its first well, the Mesurado-1, off the coast of Liberia.

Ocean LNG to Supply CELSE

Ocean LNG has signed a long-term deal of sale and purchase agreement (SPA) to provide Brazil-based CELSE-Centrais Elétricas de Sergipe, with liquefied natural gas (LNG) from 2020.

Nigeria, IOCs Settled for $5b

Nigeria has reached a $5b outline settlement with five oil majors to cover outstanding payments for joint exploration and production.

Mozambique to Launch Oil, Gas Bid

Mozambique will hold its sixth round of oil and gas licensing round late in 2017 or in 2018. Additionally, the government awarded six licenses to search for oil and gas, with the potential to drum up about $700m in i ...

Somalia to Launch Exploration Bid

Somalia will launch its first hydrocarbon licensing round early 2017 targeting offshore blocks. The Minister of Petroleum unveiled details on the plans for a 2017 license round during the Africa Oil Week held in Cap ...

QP, ExxonMobil Formed Ocean LNG

Qatar Petroleum (QP) announced the establishment of Ocean LNG Limited, which is a joint venture (JV) with ExxonMobil. The newly established company's core business will be marketing future LNG supply portfolio source ...

Nigeria Discovered Offshore Oil Field

ExxonMobil Corporation announced a significant discovery with a potential recoverable resource of between 500m and 1b barrels of oil on the Owowo field offshore Nigeria.

ExxonMobil to Exit Nigeria’s Downstream

ExxonMobil plans to sell 60% of its equity in Mobil Oil Nigeria Plc (MON) to Nipco Investments Limited, a wholly-owned subsidiary of Nipco Plc.

Pipeline Leak Delayed Qatar Gas Project

Qatar delayed the start-up of its $10B Barzan Gas project, which is a RasGas-operated joint venture between Qatar Petroleum and ExxonMobil, due to a leak in a gas pipeline.

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