Oil | Egypt Oil & Gas - Part 21
Nigeria to Explore for New Oil, Gas Reservoirs
Nigeria is to offer incentives for oil and gas companies to explore the hydrocarbon potentials of green frontier basins in order to increase country's depleting reserves.
Iraq to Consider Selling Oil via Iran
Iraq's government will consider selling crude exports through Iran, if the country's negotiations with the autonomous Kurdish region on an oil revenue-sharing agreement fail.
Nigerian Crude Production Declined by 700,00b/d
Pipeline vandals and oil thieves have lost Nigeria 560,000 barrels of crude to the refineries as feedstock and 109m litres of petroleum products between January and May 2016. The country's national budget was based o ...
Cobalt, Sonangol Deal Falls Through
The US firm, Cobalt International Energy Inc, announced that the proposed $1.75b sale of a 40% stake in two offshore oil blocks in Angola to the state oil company, Sonangol, has automatically ended, after failing to ...
Khartoum, Juba Talk Oil Cooperation
The Sudanese Oil Minister, Mohammed Awad Zayed, met with his South Sudanese counterpart to discuss oil agreements and technical cooperation to restore Al-Wohda Oil Field and increase oil production in Upper Nile fields.
Militants Announce A Ceasefire in Niger Delta
All freedom fighting militant groups in the Niger Delta announced a ceasefire and continued to embrace peace after seven months of turmoil due to hostile threat's towards Nigerian oil and gas infrastructures.
Uganda Selects Nigerian, Australian Firms for Exploration Rights
Uganda's Ministry of Energy and Mineral Development said that his country has chosen Nigerian firms WalterSmithPetroman Oil Limited, Oranto Petroleum International, and Niger Delta Petroleum Resources, together with ... Nigerian Oil Output to Continue Its Decline in 2017
According to a report by the Energy International Administration, the statistical arm of the United States’ Energy Department, Nigeria’s crude oil production is expected to remain depressed through 2017 as a result o ...
