Wednesday, November 26, 2025
ExxonMobil retreats from Europe, credits Trump for pro-oil stance- oil and gas 360

ExxonMobil retreats from Europe, credits Trump for pro-oil stance

(World Oil)– Exxon Mobil Corp. Chief Executive Officer Darren Woods renewed criticism of the European Union’s energy policies while praising U.S. President Donald Trump’s approach. The Texas oil and gas giant is slowing investment in Europe and selling assets, with Woods describing the bloc’s climate and human rights regulations as “slowing things down and trying to over-prescribe unpractical” solutions. He

ExxonMobil signs Majnoon oil field deal, marking return to Iraq- oil and gas 360

ExxonMobil signs Majnoon oil field deal, marking return to Iraq

(World Oil)– ExxonMobil signed agreements that lay the groundwork for it to explore Iraq’s giant Majnoon oil field, ending the company’s near two-year hiatus in the country. The Texas oil major has signed heads of agreements with Basra Oil Co. and SOMO, Iraq’s oil marketing company, the nation’s Prime Minister Mohammed Shia Al-Sudani said Wednesday. Goal include developing the Majoon

Iraq, Exxon sign agreement to help develop oilfield- oil and gas 360

Iraq, Exxon sign agreement to help develop oilfield

(Investing.com)– Exxon Mobil signed an agreement with Iraq on Wednesday to help it develop its large Majnoon oilfield and expand its oil export infrastructure, marking a return to the country two years after leaving.   OPEC’s second largest producer is looking to draw back Western oil majors and increase output constrained by years of war, corruption and sectarian tensions. Iraqi Prime Minister