ExxonMobil | Egypt Oil & Gas - Part 4
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 to review the status of several concession are...
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, Reuters reported. The company will pump this amount of money, during the period between th...
ExxonMobil posts a 7% drop in profits, a cash flow of $13 billion in Q1 2025
ExxonMobil Corporation, the American gas and oil giant, reported a 7.3 per cent decline in its net profits during the first quarter of 2025 to reach $7.7 billion compared to $8.2 billion in the same quarter of 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 to bring online much-needed additional gas supply from the Gippsland Basin to the market ahead of 2026. “Esso A...
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 operations...
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. It added that...
Fourth Vessel Set to Depart for Guyana in Q1 2025, Boosting Oil Output by 250,000 bbl/d
The fourth floating production storage and offloading (FPSO) facility is expected to depart for the South American country in the first quarter of 2025, said John Hess, CEO of US oil producer Hess Corporation, during ... Exxon-led Consortium Reaches 500 Million Barrels in Guyana’s Stabroek Block, Eyes 1.3 Million Daily by 2027
ExxonMobil said on Wednesday it had reached 500 million barrels (mmbbl) of oil production from Guyana’s Stabroek block since 2019, with aim to increase production capacity to over 1.3 mmbbl of oil per day by 2027 once... 
