NICOSIA: Cyprus announced it had signed its first natural gas exploitation deal worth $9.3 billion with a consortium comprised of industry giant Shell, US-based Noble and Israel´s Delek. “Noble Energy, Shell and Delek now have in their hands the first exploitation license granted by the Republic of Cyprus so they ...
Read More »ExxonMobil to divest Norwegian assets for 3.8 billion euros
OSLO: US energy giant ExxonMobil will sell its assets in Norway to Norwegian company Var Energi, owned by Italian Eni, for 38 billion Norwegian kroner ($4.2 billion or 3.8 billion euros), the newspaper Dagens Naeringsliv reported. According to Dagens Naeringsliv the deal should be announced at the end of September. ...
Read More »Venezuela Navy intercepts fossil fuel survey ship in Guyana waters
CARACAS: The privately-owned survey vessel was forced to interrupt operations and retreat eastward, the ship’s owner said in a statement. The Venezuelan Navy intercepted a Bahama-flagged ship conducting a geological survey on behalf of ExxonMobil the waters of neighboring Guyana, according to a Saturday statement from the nation’s Foreign Ministry. The ship, Ramform Tethys, easily ...
Read More »ExxonMobil close to hitting huge oil reserves in Pakistan, bigger than Kuwait’s
– KARACHI: The US-based energy giant ExxonMobil is close to discover huge oil reserves near the Pakistan-Iran border, which could be even bigger than the Kuwaiti reserves. This was revealed by Abdullah Hussain Haroon, Pakistan’s caretaker minister for maritime affairs and foreign affairs, while addressing the Federation of Pakistan Chambers ...
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