Shell Finds Hydrocarbons in The Nile Delta
Shell Egypt has successfully drilled its first exploration well in the North East El-Amriya block in the Nile Delta. British Shell bought all shares in the Block 3 project in the Nile Delta from the American ExxonMobil and has already started drilling: the well has been drilled to a depth …
Petronas and ExxonMobil Discovered an Oil Field Offshore Suriname
Petronas Surinam E&P (a subsidiary of the Malaysian energy giant Petronas), and ExxonMobil Exploration and Production Surinam (a subsidiary of the American ExxonMobil), have explored new oil deposits on the continental shelf of Suriname. This was reported by the Petronas press service. Exploration well Roystonea-1 located in block 52, approximately …
American Oil and Gas Companies are Leaving Europe and Africa
ExxonMobil and Chevron are increasing investment in the United States, are interested in Latin America, but are leaving European and African assets ExxonMobil and Chevron are increasing their presence in the United States through large acquisitions of American companies operating in the United States. Corporations are also increasing their capital …
India Has Not Received an Offer to Buy Exxon’s Stake in Sakhalin-1
ExxonMobil announced in March 2022 its withdrawal from the project and departure from Russia India has not received an offer to buy Exxon’s stake in the new operator of the Sakhalin-1 oil and gas project. Secretary of the Ministry of Petroleum and Natural Gas of India Pankaj Jain told reporters …
Guyana Could Become the Fastest Growing Oil Province in the World
The consortium, which includes ExxonMobil, US oil company Hess and China’s CNOOC, plans to spend $12.93 billion to develop its sixth offshore oil project in Guyana. The floating production platform for the Whiptail project will start operating in 2027 and will provide more than 1.2 million barrels per day of …
ExxonMobil and Guyana Negotiate to Return Unexplored Offshore Oil Areas
ExxonMobil and Guyana are negotiating which unexplored offshore reserves will be returned to the Guyanese government. This became known after negotiations between ExxonMobil and the authorities of Guyana. Guyanese authorities worry about ExxonMobil’s oil and gas hegemony When oil was discovered in Guyana, no one thought that there would be …
Oil and Gas Production at Sakhalin-1 Reached the Level Before the Start of the Special Operation
Oil and gas production at the Sakhalin-1 project, where work almost completely stopped almost a year ago due to force majeure declared by the American operator ExxonMobil, has returned to the level before the start of Russia’s special operation in Ukraine, Governor of the Sakhalin Region Valery Limarenko said during …
Daily Production at Sakhalin-1 Increased by 1.8 Times, Igor Sechin Said
Daily production at Sakhalin-1 increased by 1.8 times in the first quarter, becoming the driver for the growth of Rosneft’s hydrocarbon production, but the forced shutdown of the project due to the departure of the American ExxonMobil had a negative impact on the technical conditions for field development, the head …
Rosneft: Q3 and 9M 2021 Production Results – Drilling Activity Up 40% YoY
ESG Rosneft continues to implement activities under the Carbon Management Plan until 2035. Within the Plan’s framework, in the reporting period, the Company agreed with Equinor, ExxonMobil and Japan’s Natural Resources and Energy Agency (part of METI) on cooperation in the area of emissions management. The collaboration includes the study …
ExxonMobil: to Sell a Stake in Joint Venture for Gas Production in the Black Sea
US oil and gas giant ExxonMobil has agreed to sell its stake in the development of natural gas fields in the Black Sea. It will be acquired by the Romanian state-owned company Romgaz for $ 1 billion. Exxon Mobil Corp. agreed to sell its 50% stake in the project for the development …