Oil | Egypt Oil & Gas - Part 27
Oil Ministry Focused on Gas to Meet Domestic Demand
In the last couple of years, Egypt’s Ministry of Petroleum has focused to provide fuel needs to the domestic market through contracts on gasification ships to receive Liquid Natural Gas (LNG) shipments, Daily Ne...
BP Review: Oil Forms 32.9% of Global Energy Consumption
BP has released its 65th edition of the Statistical Review of World Energy revealing that in 2015 the global demand and supply of energy had advanced as the global consumption had slowed down and the mix of energy sou...
Royal Dutch Shell Plans to Limit Spending
Oil giant Royal Dutch Shell plans to increase cost savings to $4.5b following its $54b acquisition last February of BG Group, which Chief Executive Officer, Ben van Beurden, said will make it the best oil company inve...
Chevron to Lease Oil Vessel Base in Brazil
US supermajor Chevron plans to sign a five-year agreement to lease berthing space for its vessels from US oil service company Edison Chouest Offshore. The $275m base, which is scheduled to be completed by mid-2017, is...
UK Oil and Gas Firms Plan to Cut More Jobs
About 32% of UK’s oil and gas companies, more than four in 10, are planning to cut more jobs in 2016 in response to the downturn in the industry, Bank of Scotland (BoS) said in ‘Re-evaluating Strategies...
Nigerian President Cancels Visit to Oil-Producing Niger Delta
Nigerian President Muhammadu Buhari has cancelled at the last minute a visit planned to the oil-producing Niger Delta, which has been hit by a wave of militant attacks. A Presidential source told SaharaReporters that ...
Saudi Aramco Sings Oil Supply Deal with Polish PKN
Saudi Aramco announced its entry into the Baltic market after signing a contract with Poland’s biggest refiner, PKN Orlen, for Aramco to supply PKN with 50,000bp/d starting in June, Reuters reported. The oil w...
Technip Inked $500 Deal for Libyan Offshore Platform
French company Technip inked a deal worth $500m with a consortium that includes Libya’s National Oil Company (NOC) and Italy’s oil and gas major ENI to refurbish the offshore oil platform for the Bahr Essa...
