exploration | Egypt Oil & Gas - Part 16
Lukoil Sizing up Baltic Sea Opportunities
A Kaliningrad-focused subsidiary of Russia's Lukoil has been granted a right to explore for oil and gas in the Russian sector of the Baltic Sea.
US to Offer 45m Acres in Exploration Bids in Gulf of Mexico
The US Bureau of Ocean Energy Management (BOEM) announced it would offer approximately 45m acres in the Gulf of Mexico for oil and gas exploration and development in two March lease sales.
Trident Petroleum Signs PSA worth $4.5m
Trident Petroleum Egypt signed a new petroleum agreement for oil and gas exploration in the Gulf of Suez area. The agreement entails a minimum investment of $4.5m, a signature bonus of $500,000, and the drilling of s ...
India to Boost Africa’s Oil Imports
India seeks to expand its oil ties with African nations in order to lock in supplies at the time of low oil prices to be able to meet country's future demand.
Explorers in Senegal Reveal Better-than-Expected Oil Flows
Melbourne-based junior explorer, FAR has conducted latest drilling tests offshore of Senegal and revealed better-than-expected results of oil flows from the SNE-2 well, drilled about 100km off the coast.
Tunisia Extends Chorbane License for Gulfsands Petroleum
The oil and gas exploration company, Gulfsands Petroleum, has been granted a two-year extension to its Chorbane hydrocarbon exploration license, recently ratified by the Tunisian authorities.
El Molla Signs Two New Exploration Agreements
Tarek El-Molla, Minister of Petroleum and Mineral Resources, signed two new agreements for oil and gas exploration in the Gulf of Suez and Western Desert. The first agreement is for the Haliph area in the Western Des ...
Angola, Congo Brazzaville’s Oil Production Outline Met
The Angola's Oil Ministry has announced that the oil production at the outlined level of 40,000bpd, according to the 2012 joint oil exploration agreement between Angola and Congo Brazzaville, has been met. 
