ExxonMobil | Egypt Oil & Gas - Part 21
Nigeria’s Community Pressures ExxonMobil over Oil Spill
The Ibeno community of Akwa-Ibom state, a host to ExxonMobil, has given the oil major one week ultimatum to clean up the latest alleged oil spill from its facilities or face sanctions in the area, reported AllAfrica. ...
US Drillers to Cut Capital Spending by 30%
A group of 44 US oil and gas drillers will need to cut their capital budgets by an additional 30% to balance their lowered income, according to an analysis by IHS Inc., cited by Bloomberg. Based on IHS’s low-cas...
Iraq Seeking Foreign Investments to Increase its Oil Output
Iraq’s state-run South Oil Co. (SOC) has approached PetroChina and ExxonMobil about investing in a multi-billion-dollar Integrated South Project to boost infrastructure that will allow to increase output from Ir...
US to Lift Oil Export Ban Valued at $1.9b in Total
US Congress has approved a deal to lift the 40-year-old ban on US crude export to allow domestic oil producers sell their products in the global market without restrictions, Reuters reported. The provision is to expir...
Shell-BG Merger Likely to Get Clearances
Shell’s gigantic takeover of BG worth £55b, planned before the end of 2015, is likely to secure clearances from the remaining Chinese and Australian regulators, Forbes reported. The merger will create UK’...
Obstacles Persist to Arctic Drilling
There are serious obstacles still confronting Arctic drilling, stated The New York Times in a recent expose. The article mentioned multiple issues, not the least of which are persistently low oil prices. While the Arc...
Roseneft Join Forces with ExxonMobil in Mozambique
RN-Exploration is a 100 percent-owned subsidiary of Rosneft of Russia and Exxon Mobil Exploration and Production Mozambique Offshore Limited is also a 100 percent subsidiary of US group ExxonMobil. The two companies s...
Shell Acquires BG for $70Bn
Royal Dutch Shell announced on Wednesday its deal to acquire gas giant BG for $70bn, reported Reuters. The deal is a rare and major acquisition in the oil world. Shell’s decision was driven by its goal to close the ga...
