oil and gas | Egypt Oil & Gas - Part 11
Rusneftekhim Increases Concession Fund in YANAA
Rusneftekhim, Russian Oil Company JSC, raised its concession fund in the Yamalo- Nenets Autonomous Area (YANAA), western Siberia. Rusneftekhim has bought five concession blocks in the Shuryshkarsky district of the YAN...
Whitecap to Buy TORC Oil for $430 MM
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. TORC’s shareholders will acquire 0.57 of Whitecap’s shares against each TORC sh...
ExxonMobil in Talks to Buy Stakes in Indian Oil fields
Indian Oil Minister, Dharmendra Pradhan, stated that ExxonMobil is on talks to buy a stake in oil and gas fields in India, according to Economic times. The Minister added that India is looking to simulate Texas model ...
El Molla Discusses Cooperation with Korean Ambassador
The Minister of Petroleum and Mineral Resources, Tarek El Molla, convened a bilateral discussion with the new Korean Ambassador, Hong Jin-Wook, showcasing the activities of the Korean companies specialized in implemen...
Spirit Energy Extends North Sea Gas Field Life
British oil and gas company, Spirit Energy, has renewed the life of the Southern North Sea gas field, York, extending the life expectancy by three additional years with an additional £13 million of investment, accordi...
Energean Amends Edison E&P Acquisition for $178 MM
Energean announced that it has received a discount for its acquisition of the Edison E&P, paying only $178 million from an initial $750 million, according to a press release. The company will gain operations in Eg...
Hungary Signs Deal to Purchase 4.2 bcm From Russia
Hungary has signed a year agreement with Russia’s Gazprom for 4.2 billion cubic meters (bcm) of gas from the period of October 2020 to October 2021, according to Neftegaz. Despite having just penned this one-year deal...
EOG Launches New Mobile Application
Egypt Oil & Gas (EOG) has proudly launched its new mobile application, offering all the latest industry updates at your fingertips. The new application will provide you with the most recent news pieces, access to ...
