Mozambique in Good Shape But Must Keep an Eye on State Firms: IMF

• Sunday, 5th July 2015
• by Egypt Oil & Gas

Strong economic growth in Mozambique is supported by major investments in the coal mining and natural gas sectors but stricter control over state-run firms is necessary, the International Monetary Fund said on Thursday.

Naftogaz Hopes for New Round of Ukraine-Russia Talks in July

• Sunday, 5th July 2015
• by Egypt Oil & Gas

Naftogaz CEO Andriy Kobolev expects the next round of the trilateral gas talks involving Ukraine, Russia and the European Union will be held in July and stresses the need to agree on a new "winter package" by the end of September.

India to Push for 2 Gas Pipelines from Central Asia

• Sunday, 5th July 2015
• by Egypt Oil & Gas

India will simultaneously push for two gas pipelines originating from Central Asia, one from Kazakhstan and the other from Turkmenistan, during Prime Minister Narendra Modi's visit there this month, in a bid to hedge its bets in the mineral-rich but politically fragile region.

BP Pays $18.7bn in Gulf Oil Spill Claims

• Sunday, 5th July 2015
• by Egypt Oil & Gas

BP Plc reached a record $18.7 billion agreement to settle all federal and state claims from the 2010 Deepwater Horizon oil spill after an abrupt strategy shift in May to re-open talks, three people close to the matter said.

Serbia Looks to Turkish Stream as Possible Gas Source

• Sunday, 5th July 2015
• by Egypt Oil & Gas

In May, Serbian Foreign Minsiter Ivica Dacic said that Belgrade was interested in joining the project to deliver Russian gas to southern Europe via Turkey and called on the European Union to clearly determine its stance on the issue. Earlier in June, Russian Energy Minister Alexander Novak said that Moscow was waiting to see what options Brussels will offer for building its internal gas infrastructure.

Shell to Begin Drilling in the Arctic Within Weeks

• Sunday, 5th July 2015
• by Egypt Oil & Gas

Oil and gas giant Shell is expected to begin drilling for oil in the Arctic within the next two weeks.

Saudi-Korean $640m Polyethylene Project to Operate out of Singapore

• Sunday, 5th July 2015
• by Egypt Oil & Gas

Saudi Basic Industries Corp (SABIC) said on Sunday it had completed the formation of a joint venture with Korean petrochemical manufacturer SK Global Chemical Co to produce polyethylene products.

Adipec Attracts Contestants for Energy Innovation

• Sunday, 5th July 2015
• by Egypt Oil & Gas

Innovation is key to achieving progress in the energy sector in today’s economic environment, according to Abu Dhabi industry leaders.

Long Standing Kuwait-Vietnam Relationship Comes to a Close

• Sunday, 5th July 2015
• by Egypt Oil & Gas

Vietnam's top fuel importer, Petrolimex, and Kuwait Petroleum Corp (KPC) have ended their long-standing diesel term contract that dates back to the 1990s since imports from Southeast Asia now attract lower duties,

Glencore, Latest European Energy Company to Head to Iran

• Sunday, 5th July 2015
• by Egypt Oil & Gas

Anglo-Swiss commodity trader Glencore is the latest European energy entity to send its executives to Tehran in search of business opportunities amid hopes of a nuclear deal with Iran, a Thursday report said.