Kazakhstan’s Kashagan Oil Field Pumped Back to Life

• Sunday, 12th July 2015
• by Egypt Oil & Gas

Kazakhstan, an oil producer since 1911, has the second largest oil reserves as well as the second largest oil production after Russia in the post-Soviet space. Soviet Kazakhstan’s oil production did not increase to a meaningful level until the 1960s and 1970s, when production plateaued at nearly 500,000 barrels per day (bpd), a pre-Soviet independence record production level. In the 1970s, several large discoveries were made in pre-salt reservoirs including Karachaganak and Tengiz. However, the development of these fields was not possible at the time because of the technical challenges of developing the deep, high-pressure reservoirs.

Argentina Needs $1bn to Explore Vaca Muerta’s Shale Gas Reserves

• Sunday, 12th July 2015
• by Egypt Oil & Gas

More than US$1 billion will have to be invested over the next 20 years to exploit the shale gas of the Vaca Muerta area in Neuquén, which will be used to build between 4,300 and 8,000 kilometres of pipelines and will add five million new clients to the country’s natural gas network, according to a report of the Oil and Gas Institute (IAPG) released yesterday.

Looking to Make Moves in the Asia, Russia Signs Oil Deal with India

• Sunday, 12th July 2015
• by Egypt Oil & Gas

Top Russian oil producer Rosneft has raised the stakes in its battle with Saudi Arabia for market share by securing new Asian markets to hedge against the risk that any new Western sanctions could hit crude sales.

Iran in Talks with Anonymous Floating LNG Company

• Sunday, 12th July 2015
• by Egypt Oil & Gas

Iran is in talks with the biggest floating LNG company for production of liquefied natural gas,

Unaoil to Rehabilitate Two Iraq Compressors

• Sunday, 12th July 2015
• by Egypt Oil & Gas

UnaE&C Iraq, an engineering and construction subsidiary of Unaoil Group, has been awarded a contract for the rehabilitation of two compressor stations at Iraq’s West Qurna oil field by Basra Gas Company (BGC).

Iran Nuke Deal-Sanctions Relief Still Pending

• Sunday, 12th July 2015
• by Egypt Oil & Gas

Iran and major powers gave themselves until Monday to reach a nuclear agreement, their third extension in two weeks, as Tehran accused the West of throwing up new stumbling blocks to a deal.

Gulf Keystone Financial Position Improves, Expands Kurd Crude Export Plans

• Sunday, 12th July 2015
• by Egypt Oil & Gas

Gulf Keystone Petroleum Ltd said it had received further payments on recent contracts, helping prop up its cash position, and continued to progress towards a regular payment cycle for the oil it produces.

UAE Biogas Ambitions Reach Nepal

• Sunday, 12th July 2015
• by Egypt Oil & Gas

UAE-based Farnek, a top facilities management (FM) company, has installed its first biogas plant in rural Nepal under its 2015 social engagement and corporate social responsibility strategy.

Nigeria To Share $2.1 Bn of Natural Gas Revenues

• Thursday, 9th July 2015
• by Egypt Oil & Gas

Nigeria will share $2.1 billion to federal, state and local governments to reduce a growing backlog of debts and restructure short-term loans as Africa's biggest oil producer suffers declining revenues, the presidency said on Tuesday.

China Invests in Sudan’s Oil Industry

• Thursday, 9th July 2015
• by Egypt Oil & Gas

China's ambassador to Sudan, Li Lian, says Beijing will increase its investments in the East African country's oil industry and support its program to increase oil production.