oil & gas | Egypt Oil & Gas - Part 2

Shell Begins Production at PowerNap in Mexico

Shell revealed that it has started production at PowerNap, a subsea development in the US Gulf of Mexico, which is a tie-back to the Olympus production hub in the Mars Corridor, according to a press release. The peak ...

Eni, Sonatrach Make New Discovery in Zemlet el Arbi Concession

Eni and Sonatrach announced that they have made a landmark oil and associated gas discovery in the Zemlet el Arbi concession, located in the Berkine North Basin in the Algerian desert, Eni said in a press release. Eni...

Shell Intends to Withdraw from Russian Oil, Gas

Shell announced its plans for withdrawal from all Russian hydrocarbon business, including crude oil, petroleum products, gas, and liquefied natural gas (LNG) in “a phased manner aligned with new government guida...

INPEX to Start Exploratory Drilling Operations in Japan

INPEX announced its plans to start exploratory drilling operations to explore potential oil and natural gas resources in offshore Shimane and Yamaguchi prefectures located in Japan. The company said that this program ...

Kentech Signs Agreement to Acquire SNC-Lavalin’s Oil, Gas Business

Kentech Group announced that it has signed an agreement to acquire the oil and gas business of SNC- Lavalin’s Resources Division, a press release stated. The business acquisition includes people and assets brought tog...

Wintershall Dea to Rely on Mobile Working Post-Pandemic

Wintershall Dea, Europe’s leading independent natural gas and oil company, has announced that the company will establish mobile working as standard practice even after the pandemic, according to a press release. Mario...

UOG Appoints Iman Hill as Independent Non-Executive Director

United Oil & Gas PLC (UOG) has appointed Iman Hill as an Independent Non-Executive Director, according to a press release. Earlier, Hill was announced as the next Executive Director of the International Associatio...

MENA Oil, Gas Investments to Reach $900b

A new report by the Arab Petroleum Investments Corporation (APICORP), owned by the Organization of Arab Exporting Countries (OAPC), stated that the total committed and planned energy investments in the MENA region may...

Iraq to Review Oil Foreign Contracts

During a meeting with British Petroleum (BP), the Iraqi Oil Minister, Jabar Ali Al-Luaibi, stated that Baghdad wants to review contracts with oil companies to cut the fees that the firms receive when crude prices are ...

Russia’s Lukoil, Gazprom to Develop Iran’s Oil Fields

Russia’s Ambassador to Tehran, Levan Dzhagaryan, stated that his country is considering to form a consortium to take up development projects in Iran’s oil and gas sectors with the participation of Russia’s bigge...

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