South Africa’s Transnet Gets 23% Pipeline Tariff Increase

• Wednesday, 30th March 2016
• by Egypt Oil & Gas

South Africa's national energy regulator has granted logistics utility Transnet a 23% tariff increase for fuel transport.

Russian Gazprom, Belgian Fluxys Sign LNG Cooperation Deal

• Wednesday, 30th March 2016
• by Egypt Oil & Gas

Russia's gas giant Gazprom and Belgium's Fluxys have signed a deal to cooperate on small-scale market of liquefied natural gas (LNG) in Europe.

Ecuador Calls on Colombia, Mexico to Freeze Oil Output

• Wednesday, 30th March 2016
• by Egypt Oil & Gas

Ecuador is lobbying fellow Latin American oil exporters, Colombia and Mexico, to freeze crude production as part of a broad price-boosting effort that would be cemented at an April 17th meeting of OPEC and non-OPEC producers in Doha.

UK’s North Sea Oil Industry May See 45,000 Jobs Cut in 2016

• Tuesday, 29th March 2016
• by Egypt Oil & Gas

British Oil and Gas companies located in UK's North Sea region could let go up to 45,000 employees in 2016, according to Sir Ian Wood, the former Chairman of Wood Group, an energy services company.

Jordan Signs Oil&Gas Exploration Deal with UK’s IPG

• Tuesday, 29th March 2016
• by Egypt Oil & Gas

Jordanian National Petroleum Company and IPG, a UK-based company, signed a production sharing agreement to explore for oil and gas in the eastern parts of the Middle Eastern kingdom.

Tanzania Confident to Win Oil Pipeline Project with Uganda

• Tuesday, 29th March 2016
• by Egypt Oil & Gas

The government of Tanzania has sent a business delegation to Kampala, Uganda, to lobby the Ugandan President and other senior officials to conclude an unresolved contract that will allow for the construction of an oil pipeline from Uganda to Tanzania.

Nigeria’s NNPC Secures Crude Import to End Fuel Scarcity

• Tuesday, 29th March 2016
• by Egypt Oil & Gas

Nigerian President Muhammadu Buhari has given approval for the Nigerian National Petroleum Corporation (NNPC) to import additional crude oil volume to guarantee supplies of Premium Motor Spirit (PMS) petrol with a goal to end fuel scarcity in the country.

Ghana Seeking New Gas Suppliers from Nigeria

• Tuesday, 29th March 2016
• by Egypt Oil & Gas

Nigerian company's inability to supply agreed volume of gas to Ghana via the West African Gas Pipeline prompted renewed calls to seek alternative gas suppliers in that country.

China’s Fourth-Largest Oil Producer to Cut Salaries, Spending, Investments

• Tuesday, 29th March 2016
• by Egypt Oil & Gas

Shaanxi Yanchang Petroleum Group, China’s fourth-biggest oil producer, is cutting investments and salaries due to the oil price crash.

Jordan Seeking LNG Supplies from Russia’s Gazprom

• Tuesday, 29th March 2016
• by Egypt Oil & Gas

Jordan is ready to buy liquefied natural gas (LNG) from Russia’s gas giant Gazprom, and both countries marked also their readiness to expand bilateral cooperation in energy sector.