Britain Fast Tracking Fracking Applications
The British government recently announced changes in the way applications for hydraulic fracturing (fracking), are processed, Reuters
UPDATE: BW Gas Finalizes Deal to Provide Egypt with Second FRSU
UPDATE: On Monday, EGAS Chairman Khaled Abdel Badie and BW Gas CEO Carsten Mortensen signed the contract for Egypt's second FRSU, the Cairo Post
Bapetco Increases Production to 132,600 B/D, Adds 5M in Oil Reserves
The chairman of Badr El Din Petroleum Company (Bapetco), a joint venture between the EGPC and Royal Dutch Shell, recently announced the addition of exploratory well Bed3C6-1 to production, Daily News Egypt
Sea Dragon Producing a 1000 Barrels from its Petroamir Concession
Ahmad Farid Moazz, general manager of the Canadian oil exploration company Sea Dragon operating in Egypt, confirmed that the company’s total production is currently at 1,000 b/d.
Oil Prices Rally on News of Declining US Shale Production, OPEC Meeting
Global oil prices rose in mid August amid news of declining US shale oil production, and rumors of an emergency OPEC meeting, The Wall Street Journal reported.
Mexican Oil and Gas Plays Struggle to Attract Investment
A full two years after Mexico was opened up to competition with Pemex, the state is struggling to attract investment, said Offshore Engineer in a recent report.
US Treasury Adds Russian Gazprom field to Sanctions List
The US Treasury Department added a field operated by Gazprom to its list of targeted economic sanctions,
EU Gas Imports from Russia Rise Even as Demand for the Fuel Falls
Europe is increasing imports of Russian gas even as demand on the continent is falling, reported Reuters.
Algerian Inducements for Petroleum and Shale Investments, Legal Reforms on Books
According to a US Energy International Administration press release the Algerian government is amending its foreign investment laws in hydrocarbons to attract investment and technology.
