Abu Dhabi Big Data Management Energy Conference Slotted for May 19-20

• Thursday, 5th March 2015
• by Egypt Oil & Gas

Fleming Gulf Conferences, a leading business-to-business (B2B) event organisers, will arrange the Big Data Energy Innovation Summit to highlight the various opportunities in big data for the energy and utilities sectors, in Abu Dhabi, UAE.

Philippine Government Orders Suspension of Oil Exploration Over Dispute With China

• Wednesday, 4th March 2015
• by Egypt Oil & Gas

The Philippine government has ordered the suspension of all exploration at an offshore oil and gas field because of an ongoing territorial dispute with China, a Filipino-British company said.

Gas Demand in Nigeria Drives Growth at Seplat

• Wednesday, 4th March 2015
• by Egypt Oil & Gas

Nigerian energy company Seplat (SEPLAT.LG) expects its gas business to contribute around a third to its profits over the next two years, up from less than 10 percent today, as demand for electricity generation in Africa's biggest economy soars.

Crude Price Drop Boon to EnergyTEK Asset Acquisition

• Wednesday, 4th March 2015
• by Egypt Oil & Gas

EnergyTEK Corp is developing a distressed energy asset acquisition programme to take advantage of low asset prices following the slide in oil price.

Kazakhstan-China Oil and Gas MOU Signed

• Wednesday, 4th March 2015
• by Egypt Oil & Gas

Tethys Kazakhstan SA, a subsidiary of Tethys Petroleum, has signed an MOU with PetroChina International Kazakhstan to explore the feasibility of a long-term and mutually beneficial cooperation in natural gas and crude oil deliveries.

Libyan Oil Fields Seized by Militants

• Wednesday, 4th March 2015
• by Egypt Oil & Gas

Rival Libyan forces carried out tit-for-tat air strikes on oil terminals and an airport on Tuesday, escalating their battle for control of the oil-producing country days before United Nations peace talks are to resume in Morocco.

Oil Prices Recover as Netanyahu Speaks to US Against Iranian Deal

• Wednesday, 4th March 2015
• by Egypt Oil & Gas

Oil rebounded on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned the Obama administration against accepting a weak nuclear deal with Iran, while rival Libyan forces targeted oil terminals in the African nation.

Oman in Renewable Energy Drive with Dhofar Project

• Wednesday, 4th March 2015
• by Egypt Oil & Gas

Oman’s first commercial renewable power project is set to go operational by May at Al Mazyunah in Dhofar, according to a report.

Tullow Share Price Falls After Ghana-Cote d’Ivoire Territory Dispute

• Wednesday, 4th March 2015
• by Egypt Oil & Gas

Tullow Oil has seen its share price slip 8.5 per cent (30p) today (at time of writing) after it announced it would have to suspend operations at its TEN project offshore West Africa whilst Ghana and Cote d’Ivoire settle a dispute over their offshore territories through international courts

Iraq Reviewing Foreign Oil Contracts to Up State Share in Production

• Wednesday, 4th March 2015
• by Egypt Oil & Gas

Iraq has said that it is reviewing its oil production agreements with international firms because falling crude prices meant that the financial cost of existing service contracts were too high to bear.