IOC | Egypt Oil & Gas
Guyana Earns $80 M From its 7th Crude Shipment
The Guyana’s Ministry of Natural Resources announced that it has earned about $80 million from the seventh shipment of crude, which was allocated to the government from the offshore Liza Project, Reuters stated. This ...
Neptune Appoints Girard as Director of New Energy
Neptune Energy appointed Pierre Girard for the newly-created role of Director of New Energy, the company said in a statement. Back in August, Neptune created the new energy division to scale partnerships and investmen...
Shell Looking to Cut Production Costs by up to 40%
Royal Dutch Shell is looking to slash up to 40% off the cost of oil and gas production in order to invest heavily in the energy transition, according to Reuters. This new cost-cutting initiative is known as “Project R...
Iraq’s Production Cuts Below Third of OPEC’s Required Rate
Iraq has announced that it will only cut production by 700,000 barrels per day (bbl/d), a third less than the required rate from the Organization of the Petroleum Exporting Countries and its allies’ (OPEC+) supp...
El Molla Announces Bid Round Results
Tarek El Molla, Minister of Petroleum and Mineral Resources, announced on December 29 the results of the bid round launched in March of 2019 by Ganoub El Wadi Petroleum Holding Company (Ganope), according to a press r...
ENOC, Indian Oil Sign Aviation Fuel Supply Agreement
The Emirates National Oil Company (ENOC) announced signing a new evergreen aviation fuel supply agreement with Indian Oil Corporation (IOC), according to Gulf News. “Our agreement with IOC marks another milestone in o...
El Molla: NOCs to Pay All Debts to IOCs by End of 2019
Egypt’s national oil companies (NOCs) will pay all debts owed to international partners before the end of 2019, oil minister Tarek El Molla announced, Egypt Oil & Gas reports. The minister also said that debts owe...
Egypt Pays $200 M in IOC Arrears, to Pay Additional $550 M by March
Egypt paid $200 million in arrears owed to foreign oil companies in January, according to Egypt’s Minister of Finance, Amr El Garhy, Reuters reported. El-Garhy added that Egypt will pay another $550 million in Februar...
