ExxonMobil | Egypt Oil & Gas - Part 2

ExxonMobil Begins Production from Yellowtail Project Offshore Guyana

US ExxonMobil has commenced production from Yellowtail, its fourth oil development in Guyana’s offshore Stabroek block, four months ahead of schedule. The company reported an initial average production of 250,000 ...

ExxonMobil Inks MoU for Developing Four Blocks in Libya

The National Oil Corporation (NOC), along with the major international oil company ExxonMobil, signed a new Memorandum of Understanding (MoU) after a decade of halt. Under the MoU, ExxonMobil will conduct a detail ...

ExxonMobil Signs a MOU to develop Azerbaijan’s oil and gas Resources

ExxonMobil Corporation and the State Oil Company of the Republic of Azerbaijan (SOCAR) signed a Memorandum of Understanding (MoU) to partner on enhancing Azerbaijan’s oil and gas resources. The agreement was signe ...

ExxonMobil Enters Exclusive Talks with North Atlantic for Esso Share Sale

ExxonMobil announced that it has entered exclusive negotiations with the French unit of Canadian energy group North Atlantic to sell  the  82.89 % stake Exxon owns in the French subsidiary Esso, according to Reute ...

ExxonMobil Updates Madbouly on its Current and Future Plans in Egypt

Prime Minister Mostafa Madbouly met with John Ardill, Vice President of Global Exploration at ExxonMobil, at the government headquarters in the New Administrative Capital. The meeting reviewed the status of severa ...

ExxonMobil to Invest $1.5B in Nigerian Oilfield

Nigeria’s oil regulator stated that ExxonMobil will invest $1.5 billion in developing its deepwater operations in the country.

ExxonMobil posts a 7% drop in profits, a cash flow of $13 billion in Q1 2025

ExxonMobil Corporation announced its financial results for the Q1 2025 in which it achieved earnings amounts to $7.7 billion compared to $7.6 billion in Q4 2024 and $8.2 billion in Q1 2024.

ExxonMobil Australia Invests $200M in Kipper 1B Project to Boost Gas Supply

ExxonMobil announced a nearly $200 million investment for the development of the Kipper 1B Project, aimed at bringing additional gas supply from the Gippsland Basin to the market before 2026. Approved by ExxonMobi ...

ExxonMobil, QatarEnergy Explore Natural Gas Offshore Cyprus

ExxonMobil and Qatar Energy have commenced exploratory drilling for natural gas in a prospect named Electra, located west of Cyprus, as announced by Cyprus President Nikos Christodoulides on X. The drilling operat ...

ExxonMobil Strikes Natural Gas in Egypt’s Mediterranean Waters

ExxonMobil Egypt (Upstream) Limited announced that it encountered gas bearing reservoirs after completing the drilling of the Nefertari 1 well in the North Marakia Block with the Valaris DS-9 drillship.

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