offshore | Egypt Oil & Gas - Part 13

African Oil Tycoons, Businessmen Listed in Panama Papers

The Angolan minister, a Congolese politician, a Nigerian governor and the nephew of South Africa’s President, all of them with ties to oil money are some of the Africans among those implicated in the so-called Panama ...

Eni Acquires License for Ghana Offshore Oil&Gas Exploration

Italy’s Eni oil and gas company has been awarded an exploration license off the coast of Ghana. The new offshore licence, the Cape Three Points Block 4, in the prolific Tano basin, and it is expected to start produci ...

Cyprus Lauches Third Offshore Bidding Round

Cyprus has launched a third licensing round for offshore oil and gas drilling in the Mediterranean Sea, on the island’s southern coast. Blocks 6, 8, and 10 of the country's Exclusive Economic Zone are up for grabs.

Brazilian Petrobras Selling Offshore Fields Worth $2b

Brazil's state- owned oil company Petrobras is marketing offshore oil and natural gas fields worth as much as $2b as part of its plan to sell assets and pay down debt. The company also aims to raise $14.4b from asset ...

Eni Flows Gas at Zohr 2X Appraisal Well

Italy-based Eni has announced that its Zohr 2X appraisal well in the Shorouk block offshore Egypt has delivered up to 44mscf/d of gas during production tests.

Russia, Venezuela Develop Three New Offshore Gas Fields

Russia's top oil producer Rosneft and Venezuela's state oil company PDVSA signed an agreement to set up a joint venture to develop natural gas. Rosneft also plans to invest $500m to raise its stake in its Petromonaga ...

Sterling Energy Reduces Offshore Mauritania Interests

UK based independent oil and gas exploration company Sterling Energy has submitted a notice of withdrawal to its joint venture partners from Block C-3, offshore Mauritania.

Israel On Verge of New Offshore Gas Finds

Israel is on the verge of new major gas finds in its territorial waters as an Israeli exploration group led by Isramco Negev and Modiin Energy cited a "best estimate" resource report for two offshore fields, Daniel E ...

Bahrain Mulls Offshore Gas Exploration Bids

Bahrain is looking into launching a new international bid round for offshore gas exploration seeking to reduce its dependence on gas supplies from other regional players, and instead boost its domestic gas production ...

Iran Completes $6b Gas Development Through Local Efforts

Iran has brought two more operations online in its biggest South Pars gas field in Asaluyeh, the Phases 15 and 16, at a total cost of $6b.

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