Egypt held a tender for oil and gas exploration, and Royal Dutch Shell (NYSE: RDS.A) won the most (three for oil and two for gas). ExxonMobil (NYSE: XOM) made its debut in Egypt.
Read MoreAfrica Oil & Gas: Shell, Eni, Exxon win blocks in Egypt
ExxonMobil (NYSE:XOM)
Global Markets: Shell leads cash race but Exxon catching up
Royal Dutch Shell widened its lead over Exxon Mobil as king of cash among the world’s top oil and gas companies last year but its U.S. rival could catch up with its investment drive in new production.
Read MoreMozambique Oil & Gas: ExxonMobil stepping up search for hydrocarbons
ExxonMobil on Thursday announced that it is looking for experts to carry out environmental baseline and geotechnical services for its three Mozambican exploration blocks in the Angoche Basin and Zambezi Delta.
Read MoreGlobal Industry: Big Oil Proves Crude Price Is Just a Number
(Bloomberg) – The crude market had its worst quarter in four years but you wouldn’t be able to tell by looking at Big Oil’s stellar earnings numbers.
Read MoreGlobal Industry: Oil Supermajors Smash Analyst Estimates
(Bloomberg) — The world’s biggest oil companies are pumping out cash like crude’s at $100 a barrel again, and investors love it.
Read MoreGlobal Industry: ExxonMobil Earns $20.8 Billion in 2018
Exxon Mobil Corporation today announced estimated 2018 earnings of $20.8 billion, or $4.88 per share assuming dilution, compared with $19.7 billion a year earlier. Excluding U.S. tax reform and asset impairments, earnings were $21 billion, compared with $15.3 billion in 2017.
Read MoreGlobal Industry: ExxonMobil Named Top Oil, Gas Explorer of 2018
The designation was given to the U.S. supermajor based on three performance measurements: the number of exploration wells, net discovered resources and the value creation from wildcat exploration during 2018.
Read MoreMozambique Oil & Gas: ExxonMobil to start drilling for oil/gas soon
Mozambique has granted ExxonMobil the right to drill for oil and natural gas in the country’s central and northern regions. ExxonMobil will build the world’s biggest liquefaction units (outside Qatar). Under the new development plans approved by the government Exxon’s first two liquefaction units should start producing in 2024.
Read MoreAfrica Oil & Gas: Algeria eyes Exxon deal, trading JV in first half
Algeria will conclude its deal with Exxon Mobil Corp and set up a trade joint venture with an international company before the first half of 2019, Sonatrach’s CEO said on Monday.
Read MoreMozambique Oil & Gas: Area 4 Secure Enought Offtake Commitments for the Rovuma LNG Project
Area 4 co-venture participants have secured liquefied natural gas (LNG) offtake commitments from affiliated buyer entities of the partners, a key milestone enabling the participants to rapidly move toward a final investment decision in 2019 on the first phase of the Rovuma LNG project.
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