oil and gas

  • Egypt to Launch Oil, Gas Bid Round for 24 blocks

    Egypt to Launch Oil, Gas Bid Round for 24 blocks

    Sunday, 21st February 2021

    Egypt announced the start of a bid round for oil and gas exploration in 24 blocks, according to Reuters.

  • Indian PM lays Foundation Stone of Oil, Gas Projects in Tamil Nadu

    Indian PM lays Foundation Stone of Oil, Gas Projects in Tamil Nadu

    Thursday, 18th February 2021

    The Indian Prime Minister, Shri Narendra Modi, has laid the foundation stone for oil and gas projects in Tamil Nadu worth ₹32,700 crore.

  • Iraq Signs MoU with Total for Large Projects

    Iraq Signs MoU with Total for Large Projects

    Wednesday, 27th January 2021

    The Iraqi Ministry of Oil has signed a memorandum of understanding (MoU) with Total company for cooperating in establishing promising large projects.

  • Methanex Egypt, the Egyptian Process Safety Management Steering Committee Launch the First Egyptian PSM Website

    Methanex Egypt, the Egyptian Process Safety Management Steering Committee Launch the First Egyptian PSM Website

    Sunday, 24th January 2021

    Methanex Egypt announced today the launch of the Egyptian Process Safety Management (PSM) Steering Committee’s website – www.PSMEgypt.com. The website is the result of the collaboration between the Ministry of Petroleum and Mineral Resources and Methanex Egypt following the signing of a Memorandum of Understanding (MoU) in February 2020, enabling the creation of the Egyptian PSM Committee mandated to embed the culture of Process Safety Management (PSM) within the Egyptian oil, gas and petrochemicals sector, in alignment with the ministry’s Modernization Program and international best practices, guidelines and standards.

  • Edison Sells Norway Upstream Assets for $300 MM

    Edison Sells Norway Upstream Assets for $300 MM

    Thursday, 31st December 2020

    Italy’s Edison sold its exploration and production (E&P) assets in Norway to Sval Energi, Norwegian oil and gas group, for $300 million to focus on clean energy.

  • El Molla: Local Manufacturing to Dominate Oil, Gas Equipment

    El Molla: Local Manufacturing to Dominate Oil, Gas Equipment

    Sunday, 27th December 2020

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, emphasized the local manufacturing of petroleum equipment to reduce imports and rationalize foreign exchange while visiting Petrojet’s central workshops for manufacturing static equipment. This showed how all national petroleum companies (NOCs) especially Petrojet gained distinguished experiences and achieved outstanding results in the local manufacturing field.

  • Equinor Buys Onshore Assets in Russia

    Equinor Buys Onshore Assets in Russia

    Sunday, 13th December 2020

    Equinor has agreed to buy a 49% interest in Russian onshore petroleum assets from Rosneft for $550 million (mm).

  • ADNOC, ExxonMobil Sign Technology R&D Agreement

    ADNOC, ExxonMobil Sign Technology R&D Agreement

    Sunday, 13th December 2020

    The Abu Dhabi National Oil Company (ADNOC) has signed with ExxonMobil to jointly explore technology research and development (R&D) opportunities through the upstream oil and gas value chain.

  • Rusneftekhim Increases Concession Fund in YANAA

    Rusneftekhim Increases Concession Fund in YANAA

    Wednesday, 9th December 2020

    Rusneftekhim, Russian Oil Company JSC, raises its concession fund in the YANAA, Yamalo- Nenets Autonomous Area, western Siberia.

  • Whitecap to Buy TORC Oil for $430 MM

    Whitecap to Buy TORC Oil for $430 MM

    Wednesday, 9th December 2020

    Canadian Oil Producer Whitecap Resources Inc has agreed to buy TORC Oil and Gas Ltd in an all-stock deal valued at $430.81 million (mm).