Egypt's Petroleum and Electricity Ministries have reached an agreement to reschedule debts owed to the Ministry of Petroleum by the electricity sector in the upcoming months. The debts have reached EGP 44 billion.
Italian energy company Eni announced it brought the Nene Marine field into production off the coast of the Republic of the Congo, 16 months after discovery.
Iran’s oil minister says the country plans to pump up natural gas production at South Pars gas field to 100 million cubic meters (mcm) per day by the end of the current Iranian calendar year (March 21, 2015).
On 3 January the Valemon gas and condensate field in the North Sea was brought on stream by Statoil and partners. Recoverable reserves from the field are estimated at 192 million barrels of oil equivalent.
Eni was awarded an exploration license within the Croatian First Offshore Licensing Round. The License is referred to Block 9, which is situated in the Adriatic Offshore, a region where Eni is the exploration and pro ...
Egypt is not interested in importing gas via pipeline from Israel and instead is focusing on a plan to import liquefied natural gas, a top Egyptian state executive said.
Tunisia is proving a more reliable place to produce natural gas than Egypt as the smallest nation on the North African coast pays its fuel bills on time, a BG Group Plc (BG) executive said.
Qatar promised Egypt five free shipments of LNG this summer after a meeting of representatives from the two countries' governments in Doha, giving cash-strapped Egypt a reprieve from worsening energy shortages.
A disagreement over pricing is delaying a gas swap deal between Egypt and Qatar intended to ease domestic energy shortages that have exacerbated the North African country's broader economic problems, people close to ...
Italy and Spain aim to reduce their dependence on North African natural gas imports, posing potential trouble for countries including Algeria, the one oil- and gas-rich country in the region so far spared from major ...