Rusneftekhim Increases Concession Fund in YANAA
Rusneftekhim, Russian Oil Company JSC, raises its concession fund in the YANAA, Yamalo- Nenets Autonomous Area, western Siberia.
oil and gas | Egypt Oil & Gas - Part 8
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 (mm).
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.
El Molla Discusses Cooperation with Korean Ambassador
The Minister of Petroleum and Mineral Resources, Tarek El Molla, showcased the activities of the Korean companies working in implementing petroleum projects in Egypt with the new Korean Ambassador, Hong Jin-Wook, ...
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.
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.
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 metres (bcm) of gas from the period of October 2020 to October 2021.
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.
EOG Technical Committee Leads Through COVID-19
The Egypt Oil & Gas (EOG) Technical Committee held a virtual meeting on May 6 to discuss how to lead a business through a pandemic and commodity price crash.
Sonatrach to Decrease Planned Investment by 50%
Algerian President Abdelmadjid Tebboune has demanded that state energy firm Sonatrach decrease their planned investment by 50% from $14 billion to $7 billion.
