oil companies | Egypt Oil & Gas

El Molla Directs NOCs to Increase Production Rates

The Minister of Petroleum and Mineral Resources, Tarek El Molla, directed the oil companies to search for all the available chances and exploit them in increasing production rates.

Fitch Hints to Downgrade Major Oil Companies

Fitch Ratings Agency stated that weak oil prices in 2016 will leave five out of seven large oil companies with financial leverage above the required level, hinting looming downgrading. Total is to make the sharpest c ...

Nigeria to Boost Profitability in UAE as it Fights Oil Corruption at Home

Alpha Group of Companies Chairman/CEO Sheikh Mohamed Bayorh and senior executives from leading prominent companies in UAE welcomed the Nigerian Minister of State Petroleum Resources, Honorable Emmanuel Kachikwu this ...

ADF Loan to Cover $500m Owed to Foreign Companies, Petroleum Ministry

An official source at the Ministry of Petroleum said that the ministry plans to repay $500m of Egypt’s dues to foreign partners by the end of 2015.

Iraq in $30 a Barrel Price War as Investments Stagnate

Iraq may increase oil output further in 2016 as the country prepares to sell some crude grades for as little as $30 a barrel.

Oil Companies Call for PSAs, Contract Incentives in Iraq

International oil companies could boost production in Iraq beyond current targets if production contracts were changed to give more incentives for investment, according to BP Plc and Royal Dutch Shell Plc.

Iraqi Debts Prompt Request for Oil Companies to Reduce Spending

Iraq has formally asked oil companies investing in the country to reduce their 2016 spending plans by September 30, citing lower oil prices and government revenue

Libyan Violence Threatens Presence of International Oil Companies

The violence roiling Libya has increasingly targeted oil companies and their assets, upending long-term investments by Western companies and driving down production in a country that helped trigger the world-wide rou ...

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