Saudi Aramco to Invest $35B in Oil Exploration, Development

• Wednesday, 17th October 2012
• by Egypt Oil & Gas

State-owned oil giant Saudi Arabian Oil Co., known as Saudi Aramco, plans to invest $35 billion over the next five years in crude oil exploration and development in a bid to keep its oil production portfolio robust, ...

BP Expects to Start Libya Oil Exploration Drilling Next Year

• Sunday, 26th August 2012
• by Egypt Oil & Gas

BP PLC expects to start next year deep-sea drilling work off the coast of Libya, as the U.K. oil giant resumes it $2 billion exploration program halted by the rebel overthrow of Col. Moammar Gadhafi's regime last year.

Australia Awards 12 Offshore Exploration Permits

• Tuesday, 8th May 2012
• by Egypt Oil & Gas

Australia's government on Sunday said it has awarded 12 new petroleum exploration permits for off the coast of Western Australia and Victoria state. Among the eight companies to win the permits--the tender process re ...

Kenya: BG Group signs Production Sharing Contracts for offshore Blocks L10A and L10B

• Thursday, 19th May 2011
• by Egypt Oil & Gas

BG Group has signed Production Sharing Contracts with the Government of Kenya for two offshore exploration blocks - L10A and L10B. BG Group will be operator on both blocks and will hold a 40% equity interest in Block ...