Australia | Egypt Oil & Gas - Part 2

BHP Acquires Furhter Interest in Shenzi

Australian oil and gas company, BHP, has acquired an additional 28% working interest in the Shenzi formation for $505 million from Hess Corporation.

Egypt, Australia Discuss Petroleum Cooperation

El Molla met with the Australian Ambassador to Egypt, Glenn Miles, to discuss new cooperation scopes between the two countries, especially in the field of mining.

Qatar LNG Production to Reach 110 M mt/year by 2024

Qatar plans to boost its liquified natural gas (LNG) production capacity to 110 million metric tons per year (mt/year) by 2024, an increase of roughly 43%.

El Molla Discusses Collaboration with Australian Ambassador

Minister of Petroleum Tarek El Molla discussed Egyptian-Australian collaboration in the mining and hydrocarbon industries with the Australian Ambassador to Egypt Neil Hawkins.

SNE Field Off Senegal to Start Production Before 2021

Australia's FAR Ltd, a partner in Senegal's SNE offshore field, announced early March that the project could start the production process before 2021, earlier than expected and at a higher rate than flagged before.

Sonatrach Grew Crude Exports

Algeria's Sonatrach achieved record high crude oil exports in October of 2.77m tons of oil equivalent, as opposed to the company’s usual monthly export volumes of 1.9m to 2m tons of crude oil per month.

Morocco Got $38m towards Sustainable Energy

The European Bank for Reconstruction and Development (EBRD), Agence Française de Development (AFD), and the European Investment Bank (EIB) will provide $38m to support Morocco's sustainable energy developments.

West Africa to Ship 60 Oil Cargos to Asia in September

The amount of West African crude oil heading east in September is expected to reach a five-month high, driven in part by trading houses. At least 60 cargoes, carrying the equivalent of 1.9mb/d are expected to make th ...

Uganda Selects Nigerian, Australian Firms for Exploration Rights

Uganda's Ministry of Energy and Mineral Development said that his country has chosen Nigerian firms WalterSmithPetroman Oil Limited, Oranto Petroleum International, and Niger Delta Petroleum Resources, together with ...

Chevron’s Mega Gas Project in Australia Starts Production

US Chevron Corporation commenced LNG and condensate production at the $54b Gorgon Project on Barrow Island, located off the northwest coast of Western Australia. Its first cargo is scheduled to be shipped in mid March.

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