ExxonMobil Withdrew from 6 Block in Kurdistan

• Tuesday, 6th December 2016
• by Egypt Oil & Gas

ExxonMobil has pulled out of half of the six exploration blocks it operated inIraq’s semi-autonomous region of Kurdistan, Reuters reported. According to Kurdistan’s Minister of Natural Resources, Ashti Haw...

Nipco to Purchase 60% of Mobil Oil Nigeria

• Wednesday, 30th November 2016
• by Editorial Team

Mobil Oil Nigeria (MON) Plc announced Nipco Plc will pay about $291m for the acquisition of the 60% shares of ExxonMobil in the company, informed This Day. ExxonMobil Oil Corporation had executed a sale and purchase a...

ExxonMobil Drills Liberia’s Mesurado-1 Well

• Thursday, 24th November 2016
• by Editorial Team

ExxonMobil Exploration and Production Liberia, an affiliate of ExxonMobil, announced that it has commenced the drilling of its first well, the Mesurado-1, off the coast of Liberia, Ecofin Agency reported. The company ...

Ocean LNG to Supply CELSE

• Monday, 14th November 2016
• by Egypt Oil & Gas

Qatar Petroleum (QP) declared that its affiliate 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...

Nigeria, IOCs Settled for $5b

• Wednesday, 9th November 2016
• by Egypt Oil & Gas

Nigerian Oil Minister Emmanuel, Ibe Kachikwu, said that the country has reached a $5b outline settlement with five oil majors to cover outstanding payments for joint exploration and production. This settlement related...

Mozambique to Launch Oil, Gas Bid

• Thursday, 3rd November 2016
• by Egypt Oil & Gas

A senior official with Mozambique’s National Petroleum Institute, Augusto Macuvele, said that the country will hold its sixth round of oil and gas licensing bids late 2017 or 2018, Reuters reported. This comes a...

Somalia to Launch Exploration Bid

• Wednesday, 2nd November 2016
• by Egypt Oil & Gas

Somalia will launch its first hydrocarbon licensing round early 2017 targeting offshore blocks. Somalia’s Minister of Petroleum and Mineral Resources, Mohamed Mukhtar Ibrahim, unveiled details on the plans for a 2017 ...

QP, ExxonMobil Formed Ocean LNG

• Monday, 31st October 2016
• by Egypt Oil & Gas

The state owned company, 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 fut...

Nigeria Discovered Offshore Oil Field

• Sunday, 30th October 2016
• by Egypt Oil & Gas

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, Business Wire reported. The company stated that...

ExxonMobil to Exit Nigeria’s Downstream

• Monday, 24th October 2016
• by Egypt Oil & Gas

US oil and gas giant, ExxonMobil is following the footstep of Chevron to divest from the downstream sector of Nigeria’s oil and gas business with a plan to sell 60% of its equity in Mobil Oil Nigeria Plc (MON) to Nipc...