Equinor, ExxonMobil to Invest $8 B in Brazil’s Bacalhau Oil Discovery
Equinor, ExxonMobil, and Petrogal Brasil have agreed to invest $8 billion in the development of Brazil's Bacalhau oil discovery, according to Reuters.
investment | Egypt Oil & Gas - Part 7
ADNOC Spends $318 MM to Connect Smart Wells at Bu Hasa
The Abu Dhabi National Oil Company. (ADNOC) has invested up to $318 million to connect newly drilled smart wells to the main production facilities at Bu Hasa, allowing the company's largest onshore asset to mainta ...
ECHEM, ETHYDCO to Establish New Polyethylene Unit
Minister of Petroleum and Mineral Resources, Tareq El Molla, stated that the Egyptian Petrochemicals Holding Company (ECHEM) and the Egyptian Ethylene annd Derivatives Company (ETHYDCO) plan to establish a new uni ...
Vietnam’s VinaCapital, GS Energy to Invest $3 b in LNG Plant
VinaCapital company announced that it plans to invest $3 billion in establishing liquefied natural gas (LNG) power complex with its partners GS Energy.
El Molla Launches Third Batch of Mining Sector Program
The Minister of Petroleum and Mineral Resources, Tarek El Molla, announced the launch of the third batch of the Human Capacity Development in the Mining Sector program, which implemented by the Egyptian Mineral Re ...
Libya’s NOC Discusses Boosting Cooperation with Italy
The Chairman of Board of Directors of the Libyan National Oil Corporation (NOC), Mustafa Sanalla, has discussed how to boost cooperation with the Italian companies.
Iraq to Invest 200 mscm/d of Gas from Dhi Qar Fields
The Undersecretary for Extraction Affairs of the Iraqi Oil Ministry, Karim Hattab announced that the ministry plans to invest the gas accompanied with oil operations in Dhi Qar Governorate through conducting contr ...
Exxon Studies Investing about $240 M in Baton Rouge Refinery
Louisiana Governor, John Bel Edwards, stated that ExxonMobil Company is studying to invest more than $240 million from Baton Rouge refinery, from which it is producing 517,700 barrels per day (b/d).
El Molla Discusses Cooperation with Hungary’s Ambassador
The Minister of Petroleum and Mineral Resources, Tarek El Molla, has discussed with the Hungarian Ambassador to Egypt, András Kovacs, the ways of cooperation in the oil and gas sector.
Norway Resumes Investment in Brazil’s Petrobras
Norway re-permits the country’s largest pension fund, KLP, to invest in Brazil’s state-run Petrobras once more.
