gas | Egypt Oil & Gas - Part 56
DEA Reduces Stake in Egypt’s West Nile Delta Concession; Sells to BP
DEA Deutsche Erdoel has equalized its working interest and farmed down its stake in the West Nile Delta (WND) project in Egypt to its joint venture partner and operator BP in order to better balance its portfolio.
Nigeria To Split Gas From Oil Leases to Increase Output
Nigeria, Africa’s biggest oil producer, plans to issue separate leases for gas assets in order to attract more investors to boost output of the fuel, the state-owned oil company said.
BG to Hold Rights to Rosetta Concession But Not Offshore Facilities
According to BG Group’s first-quarter offshore activities the group will continue to hold rights to the Rosetta concession, reported Offshore magazine. This is in spite of an agreement the company had signed previous ...
World Bank Financial Group Targets Chinese Gas Companies for Investment
The World Bank’s private lending arm is targeting investments in natural gas companies in China, the largest growing market for the fuel.
EU Hopes to Reduce Energy Dependence on Russia with US Help
The European Union is increasing pressure on Washington to include an energy chapter in a planned trans-Atlantic trade deal that would allow U.S. exports of natural gas and oil and reduce the bloc’s dependency on Russia.
Russia Seeks EU Support for Gas Pipeline Crossing Turkey
Russian Foreign Minister Sergei Lavrov has urged the European Union to support the idea of a Moscow-backed pipeline that would bring natural gas across the Black Sea to Turkey and the rest of Europe.
State-Owned Gas Company Loses EGP 17.3m
Government-owned natural gas projects company Egypt Gas has registered EGP 17.3m losses in the first quarter (Q1) of 2015, compared to EGP 73.1m recorded profits in Q4 2014, the company announced on Sunday.
Canada Pledges New Regulations on Oil, Gas Emissions
Canada has pledged to cut greenhouse-gas emissions by about a third by 2030, partly by introducing new regulations on its oil and gas sector.
