UK’s British Petroleum (BP) aims to boost their gas production in Egypt through enhancements of several fields within their concessions in the country, reported Al Borsa News. The company plans to connect produc...
The Italian company Eni has started linking the extracted gas from Zohr field to the national grid in order for production to reach 1bcf/d by 2018 and to double to 2bcf/d by the end 2019, said a senior official at the...
The Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), and British company BP signed agreements to facilitate gas production from the Atoll field, Tarek El Molla, Minister ...
Global oil giant BP has signed a deal with the Omani government and the state-owned Oman Oil company to develop the second phase of the Khazzan gas field project in the license area of Block 61, extended under the ame...
Despite a sizeable fiscal deficit this year and the next due to decline in oil prices, Oman is likely to avoid deep cuts in spending as the real GDP grows by 4% in 2015 before moderating to 3.7% in 2016, a report said...
Egypt’s daily gas production is expected to increase by approximately 25% after the start of production in West Nile Delta Development project, German utility DEA announced. DEA further said in a statement released on...
Lukoil Overseas, the Dubai based international upstream division of the Russian Lukoil Group said that none of its projects were affected due to the recent drop in oil prices and has announced a record oil production ...
The West Nile Delta (WND) agreement, signed in March 2015, enables BP and its partner to develop five trillion cubic feet of gas resources and 55 million barrels of condensate in the North Alexandria and West Mediterr...
Gas production in the next fiscal year (FY) 2015/2016 will not increase, according to a senior official at Egyptian Natural Gas Holding Company (EGAS). The EGAS official added that maximum production will be 5 bcf/d, ...
Jericho Oil Corporation announced it signed a letter of intent to purchase a 50 percent working interest in 2,050 acres of land in Oklahoma, according to a press release. The new land will bring Jericho’s acreag...