Shell Gives a Tentative No to Alberta Oil Sands

• Thursday, 29th October 2015
• by Egypt Oil & Gas

Royal Dutch Shell Plc announced that it will not continue construction of its 80,000 b/d Carmon Creek thermal oil sands project in northern Alberta because of the lack of infrastructure to move Canadian crude to market

Mining to Make Major Contribution to Saudi Diversification

• Thursday, 29th October 2015
• by Egypt Oil & Gas

Saudi Arabia's plans to diversify its economy away from oil gained additional imputes with the announcement that the country's mining sector is set to triple by 2030.

LNG Key Platform for Tanzanian Presidential Elections

• Thursday, 29th October 2015
• by Egypt Oil & Gas

Tanzania's presidential candidate John Magufuli has pledged to remove impediments related to the site of a planned LNG plant

Iran to Export LNG to Brazil in Bilateral Bid

• Thursday, 29th October 2015
• by Egypt Oil & Gas

Bijan Zangeneh Iran's oil minister says Brazil has indicated its willingness to buy LNG from Iran

BP Beats Profit Estimates for Q3, Boost by Refining.

• Wednesday, 28th October 2015
• by Egypt Oil & Gas

British oil major BP beat profit estimates for its third quarter earnings report, said Bloomberg.

Saudi Seriously Contemplating Slashing Energy Subsidies

• Wednesday, 28th October 2015
• by Egypt Oil & Gas

Oil Minister Ali al-Naimi confirmed suspicions that the Saudi kingdom could cut its system of energy subsidies

Shell Backs Emirates Foundation’s STEM Projects

• Wednesday, 28th October 2015
• by Egypt Oil & Gas

Shell has renewed its annual partnership with Emirates Foundation

Iran Utilizes US Go-Betweens to Attract Billions Into Upstream

• Wednesday, 28th October 2015
• by Egypt Oil & Gas

"During 2016-25, our upstream sector needs $176 b and the downstream sector needs $77 b of investment," said Ali Kardor, the deputy for investment affairs of the National Iranian Oil Company (NIOC)

Nigeria Launches Transparency Bid Round Via TV

• Wednesday, 28th October 2015
• by Egypt Oil & Gas

Nigeria's state oil firm NNPC began auctioning annual crude term contracts on live television on Tuesday

Angola Reorganises Sonangol and Entire Oil Sector for Efficiency

• Tuesday, 27th October 2015
• by Egypt Oil & Gas

The President of the Republic of Angola set up a commission to study the readjustment of the organisation of the oil sector to develop an integrated and effective strategy to improve efficiency.