US | Egypt Oil & Gas

ExxonMobil, Chevron Signal Interest in Venezuela Amid Sanctions Easing

US energy majors ExxonMobil and Chevron have expressed tentative interest in re-engaging with Venezuela’s petroleum sector following the easing of US sanctions, provided that the country establishes robust legal a ...

US Accelerates Expanding Chevron’s Venezuela Oil License

The US is moving rapidly to grant Chevron an expanded license to boost its oil production and exports from Venezuela, US.Energy Secretary Chris Wright. Under the proposed changes, Chevron would be allowed to pay r ...

ExxonMobil Prepares to Restart Venezuelan Crude at Baton Rouge Louisiana Refinery

Exxon Mobil is making preparations to resume processing Venezuelan crude oil at its large Baton Rouge, Louisiana refinery. The facility, which has a capacity of about 522,500 barrels per day (b/d), previously hand ...

Carlyle, Chevron-Led Group Compete for Lukoil Assets Ahead of U.S. Deadline

Several investor groups, including private equity firm Carlyle and a consortium comprising Chevron, Quantum Capital Group and Abu Dhabi-based International Holding Company (IHC), are vying to acquire the global as ...

Exxon Mobil Keeps Venezuela Option Open Despite Trump Objections

Exxon Mobil remains interested in assessing a potential return to Venezuela and is prepared to send a technical evaluation team within weeks, despite U.S. President Donald Trump signaling he may block the company ...

Trump Weighs Blocking Exxon’s Return to Venezuela

U.S. President Donald Trump said he might block Exxon Mobil from investing in Venezuela after its CEO told him the country was currently unsuitable for investment during a previous White House meeting with at leas ...

Trump Administration to Hold Talks With US Oil Firms on Reviving Venezuelan Production

The Trump administration plans to meet later this week with US oil company executives to discuss boosting natural gas and oil production in Venezuela following the removal of President Nicolas Maduro, a source fam ...

Exxon Mobil Eyes Lukoil’s Stake in Iraq’s West Qurna 2 Giant

Iraqi oil ministry officials said that ExxonMobil has reached out to express interest in acquiring Lukoil’s majority share in the massive West Qurna 2 oilfield, Reuters reported.

Aramco Seals 17 Major US Agreements Worth Over $30bn

Oil giant Saudi Aramco has made over $30 billion in 17 Memoranda of Understanding (MoUs) and agreements with major companies in the US during a visit to Washington by the Saudi Crown Prince Mohammed bin Salman. Th ...

Iraq Signs $450 Million Deal with Excelerate to Build First LNG Regasification Unit

Iraq has signed a $450 million investment agreement with US-based Excelerate Energy to construct the country’s first floating storage and regasification unit (FSRU) at the port of Khor al-Zubair, officials told Re ...

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