oil and gas | Egypt Oil & Gas - Part 22
$600 Million Omani Oilfield Contract Renewed with Indonesia’s MedcoEnergi
The Petroleum Development Oman (PDO) has signed a $600 million pact with Indonesia-based oil and gas leader MedcoEnergi to continue developing the Karim Small Fields (KSF) project in southern Oman, a report said. The ...
Update: Japan’s Inpex Successful in Abu Dhabi, Wins 40-year Contract
Inpex Corporation has acquired a 5% participating interest in the ADCO Onshore Concession in Abu Dhabi. The acquisition is based on a 40-year agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi an...
Japan’s Inpex Headed to UAE in Concession Contest
Japanese oil and gas developer Inpex Corp is in final adjustments to obtain a five per cent stake in a new concession to help operate the United Arab Emirates’ biggest oilfields for $1.1 billion, public broadcaster NH...
ISIS High on Upcoming Oil & Gas Security Summit Agenda
Senior security officers from the oil and gas sector will gather in order to address various security issues faced by the industry at a summit next month in Dubai, UAE. The 4th Gulf and Middle East Oil & Gas Secur...
Oil Prices Narrowing UAE Profit Margins for All Sectors
Mubadala, an Abu Dhabi state-owned fund with a mandate to develop the emirate’s economy, on Thursday said its 2014 net profit fell 28.7% due to lower income from financial investments and impairments on oil and ...
Post-Scandal Petrobras to Receive Chinese Help
Petroleo Brasileiro SA, the world’s most indebted oil producer, is bolstering ties to China as a corruption scandal has shut the company out of international bond markets. Petrobras, as Brazil’s state-run producer is ...
Oil, Gas Issues Resolved for Pending Iran Nuclear Deal
A senior member of Iran’s nuclear negotiating team says Tehran and the P5+1 group of countries have reached an agreement on the removal of anti-Tehran sanctions, but minor issues still remain. Hamid Baeidinejad, who i...
Iran Expanding its Caspian Sea Oil & Gas Exploration
Iran says it will expand exploration activities in the Caspian Sea as part of plans to discover new oil and gas fields. Managing Director of Khazar Exploration and Production Company (KEPCO) Ali Osooli said expansion ...
