Russia Intensifies Military Presence in Arctic Oil&Gas Territories

• Tuesday, 29th December 2015
• by Egypt Oil & Gas

Russia is building six new military bases in the disputed Arctic territory with an intention to protect its position in the global competition for the unexplored extensive oil and gas reserves, estimated at 90b barrels of oil and 30% of the world's undiscovered natural gas.

China to Develop Iran’s North Azadegan Oil Field

• Tuesday, 29th December 2015
• by Egypt Oil & Gas

Tehran has commissioned China National Petroleum Corporation (CNPC) to develop the second phase of the North Azadegan oilfield project in Iran with a production output of up to 75,000 b/d.

SOCAR, Uzbekneftegaz Negotiating a Joint Venture in 2016

• Tuesday, 29th December 2015
• by Egypt Oil & Gas

The State Oil Company of the Azerbaijan Republic (SOCAR) and Uzbekistan's Uzbekneftegaz National Holding Company (UNHC) hold talks to establish a joint venture aimed at boosting the Uzbek oil and gas industry through the energy-saving technologies in 2016.

Vitol to Export First US Oil Cargo, US WTI Hits Premium over Brent

• Tuesday, 29th December 2015
• by Egypt Oil & Gas

Switzerland-based Vitol has been announced to load the first US export cargo after 40 years from the Enterprise Products Partners' Houston terminal in the first week of 2016. US West Texas Intermediate (WTI) keeps maintaining its newly acquired premium over Brent.

Tanzania’s Tanesco Records $63m in Losses in 2015

• Monday, 28th December 2015
• by Egypt Oil & Gas

Tanzania's troubled national power utility made a loss of over $63.978m this year, mainly through illegal connection. And to fight against defaulters they are publishing their names.

Morocco Delays World’s Largest Solar Plant without Explanation

• Monday, 28th December 2015
• by Egypt Oil & Gas

Morocco has postponed the inauguration of a solar power plant, Noor 1 in Ouarzazate, which was due to be opened at the end of December, without stating reasons for the last-minute delay.

Oman to Award Maiden Wind Farm EPC Contract in Q1 2016

• Monday, 28th December 2015
• by Egypt Oil & Gas

The contract for the development of Oman's first ever commercial-scale wind farm is expected to be awarded in the first quarter of 2016.

Ghana to Launch Greater Jubilee Oil Field Integration Plan

• Monday, 28th December 2015
• by Egypt Oil & Gas

Oil and gas field operators Tullow Ghana and Kosmos have presented a Plan of Development (PoD) for the Greater Jubilee Oil Field to the Ghana's government for the integration of the Jubilee, Mahogany, and Teak field discoveries.

GMS to Set up Zayed Port Facility for Offshore Oil&Gas Services

• Monday, 28th December 2015
• by Egypt Oil & Gas

Abu Dhabi-based Gulf Marine Services (GMS), the largest operator of self-propelled self-elevating support vessels (SESVs) will set up a state-of-the-art facility at Zayed Port in Abu Dhabi, UAE, to construct and maintain its offshore support vessels that serve the region’s oil and gas industry

Norway to Help Kenya Develop its Oil Sector

• Monday, 28th December 2015
• by Egypt Oil & Gas

Kenya has entered into a long-term 'Oil for Development' program agreement with Norway to develop its local oil sector by providing support in the management of Kenya's natural resources and protection of the environment.