The initial cost of the drilling is estimated at $240 million, equivalent to over $120 million for each well, the source noted ...

XOM discovers gas off Egypt's Mediterranean coast with Valaris DS-9 drillship, marking a breakthrough in the untapped western region.

Officials say Egypt and a consortium made up of energy companies Total of France and Italy’s Eni will sign a key agreement ...

Exxon Mobil Corporation’s XOM subsidiary, ExxonMobil Egypt, has announced a significant gas discovery in the western Mediterranean Sea off Egypt’s coast. The discovery was made through the ...

The King exploration well is positioned close to BP's current facilities and subsea pipelines in the West Nile Delta project.

Exxon Mobil Corporation XOM has made a significant natural gas discovery off Egypt’s Mediterranean coast, an area of growing importance for the global energy sector. The find, announced in an ...

ExxonMobil and Qatar Energy on Friday began exploratory drilling for natural gas in a prospect west of Cyprus, Cyprus ...

ExxonMobil Egypt (Upstream) Ltd. discovered hydrocarbons in the Nefertari-1 exploratory well in North Marakia block, about 5 miles offshore Egypt. ExxonMobil Egypt (Upstream) Ltd. discovered ...

Exxon Mobil Corporation (XOM) has made a significant natural gas discovery in the Mediterranean Sea off Egypt's northern coastline The Nefertari-1 exploratory well, located in the North Marakia Block ...