Eni Looks to Increase Oil Output This Year

• Thursday, 30th April 2015
• by Egypt Oil & Gas

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 results.

Kosmos Energy Announces Gas Discovery in Mauritania block

• Wednesday, 29th April 2015
• by Egypt Oil & Gas

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 ...

Mexican Energy Sector Opens up for Geology Data Firms

• Sunday, 19th April 2015
• by Egypt Oil & Gas

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 ...

Cairn Energy Plans Further Drills for Senegal Offshore Discoveries

• Wednesday, 15th April 2015
• by Egypt Oil & Gas

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 ...

Investments worth $47bn to Be Pumped in the Petroleum Ministry

• Tuesday, 7th April 2015
• by Egypt Oil & Gas

According to the Egyptian Petroleum and Mineral Resources Minister Sherif Ismail, the energy sector is estimated to receive investments worth $47bn over the next five years.

Iran Expanding its Caspian Sea Oil & Gas Exploration

• Tuesday, 31st March 2015
• by Egypt Oil & Gas

Iran says it will expand exploration activities in the Caspian Sea as part of plans to discover new oil and gas fields.

Prices, Laws and Inconclusive Results Drive Oil Firms Away from Kurdistan

• Thursday, 26th March 2015
• by Egypt Oil & Gas

In light of the current low oil price environment, lack of conclusive well results to date and the limited time remaining in the current period of the Production Sharing Contract (PSC) for the Dinarta licence, Hess a ...

Abu Dhabi’s Mubadala Petroleum Heading to Moroccan Coastline

• Thursday, 19th March 2015
• by Egypt Oil & Gas

Mubadala Petroleum has signed an agreement with Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) to carry out an evaluation of the hydrocarbon potential of a large area offshore Morocco’s Mediterranea ...

Gazpromneft Drills Prospecting-and-Appraisal Well in Orenburg Oblast

• Thursday, 12th March 2015
• by Egypt Oil & Gas

Gazpromneft Orenburg has begun geological prospecting at the Kuvayskoye area, the licence for which it acquired at the end of 2014.

Philippine Government Orders Suspension of Oil Exploration Over Dispute With China

• Wednesday, 4th March 2015
• by Egypt Oil & Gas

The Philippine government has ordered the suspension of all exploration at an offshore oil and gas field because of an ongoing territorial dispute with China, a Filipino-British company said.