ExxonMobil, QatarEnergy Eye Egypt Facilities for Potential Cyprus Gas
Major energy players ExxonMobil and QatarEnergy are actively exploring a viable export pathway for Cyprus's offshore natural gas reserves by leveraging Egypt's established liquefied natural gas (LNG) infrastructure. This memorandum of understanding signifies a critical step towards monetizing significant East Mediterranean discoveries, addressing a long-standing challenge for Nicosia. The initiative aims to utilize existing facilities in Egypt, potentially accelerating the development and export timeline for Cypriot gas.
Rigzone · May 22, 2026
BP, ExxonMobil set on ramping up production at US Gulf oil & gas platform
BP and ExxonMobil are increasing production at a Gulf of Mexico offshore platform through the implementation of subsea pump technology. This investment aims to enhance output from existing assets, reflecting a strategy to optimize production in established regions. The move highlights the continued importance of the Gulf of Mexico for major oil and gas companies.
Offshore Energy · May 22, 2026