Brazil Oil Regulator Eases Fines on Producers to Improve Development

• Sunday, 7th June 2015
• by Egypt Oil & Gas

Brazil’s oil regulator plans to ease future fines for producers who fail to meet strict local-content guidelines as the country seeks to accelerate development of offshore oil and gas resources. The first set of chang...

Shell Slashes Spending for 2015-2017

• Sunday, 1st February 2015
• by Egypt Oil & Gas

Royal Dutch Shell PLC has curtailed more than $15 billion in potential spending over the next 3 years, but is not “not overreacting to current low oil prices,” and is keeping its “best opportunities on the table,” the...

Clean Energy Development in Egypt

• Monday, 7th May 2012
• by Egypt Oil & Gas

Egypt was once an exporter of oil and gas, but now it is struggling to meet its own energy needs. The growth in energy consumption is a response to the country’s economic expansion, industrialization, and change...

Iraq Prepares 5-Year O&G Development Program

• Wednesday, 2nd May 2012
• by Egypt Oil & Gas

The Iraqi Oil Ministry and the Planning Ministry have prepared a five-year program of development of oil and gas sector in the country, Iraqi Oil Ministry spokesman Asym Jihad told Trend on Monday. Under this plan, fr...

Iran oil development fund could reach $55bln-president

• Sunday, 8th April 2012
• by Egypt Oil & Gas

Iran’s President Mahmoud Ahmadinejad said on Saturday the country’s sovereign wealth fund could reach $55 billion by March next year if oil prices kept high, in an apparent bid to defend his economic recor...