Africa | Egypt Oil & Gas - Part 30
CNPC Oil Deal Offsets Price Drop in Chad
Chad will receive a larger share of royalties in a new deal with China National Petroleum Corp., helping offset revenue losses from lower oil prices, Petroleum Minister Djerassem Le Bemadjiel said. Lawmakers in the ce...
Eni Looks to Increase Oil Output This Year
Italian oil company Eni expects to produce more oil and gas this year as new projects come onstream, it said on Wednesday, after higher output helped it soften the blow of lower crude prices in its first-quarter resul...
IMF Forecasts Lower Prices to Hurt Africa’s Oil producers
Lower oil prices will reduce growth in sub-Saharan Africa’s major petroleum producing countries and push governments to implement significant policy adjustments, the International Monetary Fund said on Tuesday. ...
Kosmos Energy Announces Gas Discovery in Mauritania block
Kosmos Energy announced a play-opening discovery off the coast of Mauritania after testing the Torture West prospect, according to a company press release. The independent oil and gas exploration firm confirmed taht t...
Total´s Write-Off in Libya Oilfield Adds Pressure on Other Firms
Libya’s civil war is starting to force European oil companies to write off assets in North Africa as militias attack oil fields and terminals. Total SA became the first major European group to take an impairment in Li...
Shell and Total Delay West Africa Projects Due to Oil Prices
Royal Dutch Shell and France’s Total have delayed multibillion-dollar offshore oil projects in west Africa as part of efforts to rein in costs and shore up cash flow following the collapse in crude prices. Shell has p...
Africa’s Richest Man Courts Seeks to Boost Nigerian Gas
Aliko Dangote, Africa’s richest man, plans to quadruple the supply of gas to Nigeria by building pipelines that may be backed by Carlyle Group LP and Blackstone Group LP, the world’s two biggest private-equity firms. ...
Mexico Supports Algeria’s Bid to Cut Oil Output
Mexico supports Algeria’s initiative to encourage dialogue between OPEC and non-OPEC countries in a bid to begin collective action that would help stabilize oil markets through a coordinated production cut, Alge...
