Chairman and Managing Director of ExxonMobil Egypt, Amr Abou Eita, said the supermajor plans to expand its upstream exploration in Egypt while growing Mobil service stations network across the country. Eita added: “Additionally, we are interested in evaluating low-carbon solutions opportunities. The recent relocation to a state-of-the-art new head office is a reflection of a […]
ExxonMobil
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Aramco beats Apple and Exxon again to become the world’s most profitable company
With earnings topping a whopping $300 billion over the past 12 months, Saudi Arabia’s state-controlled oil giant Aramco has once again beat Apple and US oil major Exxon Mobil to become the world’s most profitable company, according to the World of Statistics. In March 2023, Aramco reported a record net income of $161.1 billion for […]
Posted inExploration & Production
QatarEnergy strikes offshore exploration deal with ExxonMobil
QatarEnergy entered into a farm-in agreement with ExxonMobil Canada for two exploration licenses offshore the province of Newfoundland and Labrador in Canada. According to the agreement, QatarEnergy holds a 28% working interest while ExxonMobil Canada (operator) holds 50% while Cenovus Energy holds 22%. QatarEnergy also holds a 40% working interest in license EL 1162, while […]
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QatarEnergy progresses construction work on $10 billion LNG export facility
QatarEnergy and its partner ExxonMobil are making progress on the construction of their Golden Pass LNG export terminal on the US Gulf Coast near Sabine Pass, Texas, to launch the facility in 2024. Once complete, the giant facility located next to the existing LNG import terminal in Sabine Pass will have three trains and a […]
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North Field East project: QatarEnergy’s strategic agreements with global oil and gas companies
Once completed, the North Field expansion project will make Qatar the leading exporter of liquefied natural gas in the world
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QatarEnergy, Shell sign strategic agreement for $28.75bn North Field East expansion project
With Shell, QatarEnergy concludes the international energy company partner selection in the North Field East expansion project
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ExxonMobil reports biggest net profit in seven years as oil price surges
The oil giant generated $48 billion of cash flow from operating activities, the highest level since 2012
American oil company ExxonMobil reported Tuesday a profit of $23 billion in 2021 and Q4 earning of $8.9 billion owing to the recovery of oil prices throughout last year. In addition, the company stated that it generated $48 billion in cash flow from operating activities – the highest in 10 years – and reduced its […]
Posted inExploration & Production
QatarEnergy enters offshore Atlantic exploration in Canada
QatarEnergy signed an agreement with ExxonMobil Canada, marking its expansion in North America
QatarEnergy signed an agreement with ExxonMobil Canada to farm into an exploration license offshore the province of Newfoundland and Labrador in Canada. The transaction has received all necessary consents from the Canada- Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB). According to the agreement, QatarEnergy will hold a 40% participating interest in license EL 1165A, where […]