drilling | Egypt Oil & Gas - Part 27
Ghana Not to Drill New Oil Wells in Disputed Area
Ghana can’t drill new oil wells in a disputed sea area with Ivory Coast, according to a special tribunal. The order may impact producers, including Tullow Oil Plc.
BP to Start Investing in Egyptian Gas Project This Year Says CEO
British Petroleum (BP) will start investing in a gas project in Egypt’s Nile Delta this year, Sputnik News quoted Group CEO Robert Dudley as saying.
Oil Service Giant Halliburton Beats Earnings Estimates
Halliburton Co. beat analysts’ estimates and accelerated the pace of job cuts ahead of a planned $34.6 billion takeover of Baker Hughes Inc.
Brazil’s Petrobras Floundering
Buried off the coast of Brazil, beneath miles of seawater, rock and salt, lie vast oil reserves—at least 50 billion barrels—that were supposed to yield untold riches for this nation.
Mexican Energy Sector Opens up for Geology Data Firms
The opening of Mexico’s energy sector to private and foreign companies is drawing dozens of geological-data firms that plan to crisscross the Gulf of Mexico and onshore areas in search petroleum riches that went undi ...
Dana Gas to Ramp up Production in Egypt
Dana Gas is on track to produce 40 million cubic feet of gas from the Zora field in Sharjah and ramp up production in Egypt this year, the company’s chief executive said.
Cairn Energy Plans Further Drills for Senegal Offshore Discoveries
Following the successful drilling campaign offshore Senegal in 2014, FAR Ltd, ConocoPhillips, Cairn Energy (the operator of the licence) and Petrosen (the government of Senegal) are planning a first phase work progra ...
Brazil Reconsidering Role of Foreign Firms in Deepwater
There’s a growing chorus of lawmakers advocating a bigger role for foreign oil companies in Brazil’s prized deepwater discoveries as the national producer grapples with the industry’s biggest debt load and funding co ...
