Eastern European countries—many of them heavily dependent on Russian natural gas supplies—are hopeful that improving security in Ukraine and low global prices will secure gas supplies from disruption, Reuters
In a statement made to Egypt Oil & Gas, a source at the Petroleum Ministry revealed that new incentives were being enacted for the coming period to attract foreign investors.
In a statement made to Egypt Oil & Gas, an EGAS official reveled that connecting 250,000 households to the national gas grid is in progress, and to be finalized during the current year.
Chairman of Ganoub El Wadi Petroleum Holding Company (GANOPE), Abou Bakr Ibrahim, announced that the company will issue a new bid round by January 2016, at the latest.
According to sources at EGAS, the company plans to announce the names of the winning bidders for the exploration bid round in the Mediterranean, by the end of this month.
After disappointing results from its last action round, the Mexican government is sprucing up the terms of its new auction for oil and gas blocks off the coast,