ExxonMobil Archives - Ibe Kachikwu

2nd February 2022

ExxonMobil Earns $23 Billion in 2021, Initiates $10 Billion Share Repurchase Program

ExxonMobil reported its highest profit in seven years in 2021, thanks to surging energy prices, which boosted the company's income by more than $100 billion. The largest oil company in...

25th January 2022

ExxonMobil to Achieve Net-Zero Greenhouse Gas Emissions by 2050

ExxonMobil, one of the world's largest oil companies, has announced plans to achieve net-zero greenhouse gas (GHG) emissions for all of its operating assets by 2050, in line with the...

4th June 2021

Savannah Energy is in talks with ExxonMobil to buy its assets in Chad and Cameroon

Savannah Energy, a British independent energy company focused on Africa that is developing high-quality, high-potential energy projects in Nigeria and Niger, has announced that it is in advanced exclusive talks...

4th January 2021

Egypt Signs 9 New Agreement for the Exploration of Oil and Natural Gas

The Minister of Petroleum, Egypt, Tarek El-Molla, said it has signed nine (9) new agreements with local and international companies for the exploration of oil and natural gas on Friday,...

2nd January 2021

ExxonMobil and Royal Vopak Sign MoU for Feasibility of South Africa’s LNG

Affiliates of Exxon Mobil Corporation (ExxonMobil) and Royal Vopak (Vopak) have signed a Memorandum of Understanding (MoU) to work on a feasibility study to assess the commercial, technical and regulatory...

2nd January 2021

Equatorial Guinea Projects $1.1 billion FDI into the Oil and Gas Sector in 2021

The Ministry of Mines and Hydrocarbons Equatorial Guinea has announced the details of the 2021 Work and Budget Program for Exploration and Production (E&P) activities in the oil and gas...

10th October 2020

Angola Signs Three Agreements with ExxonMobil for the Exploration of the Namibe Basin

The Angolan National Oil, Gas and Biofuels Agency (ANPG) has signed three Risk Service Agreements with ExxonMobil and Sonangol intending to increase the exploration area in the offshore area, Angola. The...

17th August 2020

Chevron, Shell, BP, Total and Exxon Mobil Slash Production, Assets by $50 billion

The five largest oil production companies in the world collectively cut their asset value by almost $50 billion in the second quarter of 2020. They also slashed production rates due...

11th August 2020

MMH in Equatorial Guinea Continues Engagement with Relevant Oil Sector Stakeholders

The Ministry of Mines and Hydrocarbons Equatorial Guinea, through the Minister, H.E. Gabriel Mbaga Obiang Lima is continuing to engage with stakeholders in the oil sector amidst the COVID-19 pandemic...

5th August 2020

Somalia: Petroleum Ministry Set up Somali Petroleum Authority

Somalia has set up the Somali Petroleum Authority, tasked with the regulation of the development of the oil sector as the country opens its first-ever licensing rounds. The country launched...