Kuwait Awarded SPIE 5-Year Contract

• Monday, 24th October 2016
• by Egypt Oil & Gas

SPIE Oil & Gas Services, multi-technical services subsidiary of the SPIE Group, has won a five-year contract from the Kuwait National Petroleum Company (KNPC) for its Clean Fuels Project (CFP).

PGSR to Start Operations in 2017

• Monday, 24th October 2016
• by Egypt Oil & Gas

Iran planned to inaugurate Persian Gulf Star refinery soon. Iran's first gas condensate refinery which has received $1.74b to complete, with a capacity to produce 360,000b/d.

Es Sider To Resume Oil Exports

• Monday, 24th October 2016
• by Egypt Oil & Gas

Libya's Es Sider is to resume exports with its first cargo since force majeure was declared on loadings from the port in December 2014. The cargo will be potentially lifted by Libya's National Oil Corporation (NOC) during November.

Mozambique Extended Gas Tender

• Monday, 24th October 2016
• by Egypt Oil & Gas

The government of Mozambique announced a one-month extension of the deadline for the tender to select companies interested in the design, investment and development liquefied gas projects.

ExxonMobil to Exit Nigeria’s Downstream

• Monday, 24th October 2016
• by Egypt Oil & Gas

ExxonMobil plans to sell 60% of its equity in Mobil Oil Nigeria Plc (MON) to Nipco Investments Limited, a wholly-owned subsidiary of Nipco Plc.

KEMYA Started Commercial Operations

• Monday, 24th October 2016
• by Egypt Oil & Gas

Saudi Basic Industries Corp (SABIC) started commercial operations for polybutadiene industrial rubber part of its Al-Jubail Petrochemical Company (KEMYA) joint venture with a unit of Exxon Mobil.

Zion Oil to Drill Oil Well in Israel

• Sunday, 23rd October 2016
• by Egypt Oil & Gas

Zion Oil & Gas is moving closer to starting drilling operations in Northern Israel as it compiles with two key conditions set by Israel’s Petroleum Commissioner.

Sonatrach, Maersk Signed Upstream MoU

• Sunday, 23rd October 2016
• by Egypt Oil & Gas

The Algerian sate owned company, Sonatrach, signed a memorandum of understanding (MoU) with Danish Maersk to establish a framework suitable for prospecting new opportunities between the two companies in upstream projects.

Japan to Import Iranian Oil

• Sunday, 23rd October 2016
• by Egypt Oil & Gas

Japanese traders, including Marubeni Corp and Sumitomo Corp, are looking to resume imports of Iranian oil, potentially by the end of 2016.

Nigeria Cut Crude Prices

• Sunday, 23rd October 2016
• by Egypt Oil & Gas

The Nigeria National Petroleum Corporation reduced the official selling price (OSP) of Nigeria’s crude oil grades as parts of a strategy to make Nigerian crude attractive to buyers and to help it regain its share of the global crude oil market.