exploration | Egypt Oil & Gas - Part 22
Kenya Seeks to Impose Local Stake in Oil Exploration Firms
Kenya has proposed rules requiring oil exploration firms to give local investors a 5 percent stake and use local suppliers and staff for their services to get a bigger share of earnings from the new sector. East Afric...
US Rig Count Declines
U.S. oil companies sidelined 24 oil-drilling rigs this week, according to Baker Hughes’ rig count released Friday, bringing the count to its lowest point since October 2010. This week’s drop sank the number of active ...
Eni Looks to Increase Oil Output This Year
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 resul...
Kosmos Energy Announces Gas Discovery in Mauritania block
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 t...
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 undis...
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 program...
Investments worth $47bn to Be Pumped in the Petroleum Ministry
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. Ismail made the remarks during the inaugura...
Iran Expanding its Caspian Sea Oil & Gas Exploration
Iran says it will expand exploration activities in the Caspian Sea as part of plans to discover new oil and gas fields. Managing Director of Khazar Exploration and Production Company (KEPCO) Ali Osooli said expansion ...
