Oil | Egypt Oil & Gas - Part 31
African Oil Tycoons, Businessmen Listed in Panama Papers
An Angolan minister, a Congolese politician, a Nigerian governor and the nephew of South Africa’s President, are some of African leaders with ties to oil money implicated in the so-called Panama Papers leak, Internat...
BP, CNPC Ink Shale Gas Exploration Contract in China
The London-based explorer BP and China National Petroleum Corp. (CNPC) have signed a Production Sharing Contract (PSC) for shale gas exploration, development, and production in the Neijiang-Dazu block in the Sichuan B...
Kenya to Construct New Mombasa Oil Terminal
Kenya Ports Authority (KPA) is set to start construction work for a new oil terminal in Mombasa from October 2016 to December 2019, and the state agency published a notice inviting bidders to apply for the project bef...
Mexico’s Proven Oil and Gas Reserves Fell 21% in 2015
The Mexican oil regulator informed that a new estimate of country’s proven oil and gas reserves that have an over 90% chance of being extracted with the existing technology have dropped in 2015, with crude oil r...
Russian Rosneft Set to Lower Oil Output
Russian Rosneft is set to lower oil output, Natural Resources Minister, Sergei Donskoi, said, ahead of a meeting of leading global oil producers in Doha on April 17th aimed at discussing an oil output freeze to suppor...
China’s Oil Giants Take Spending Cuts Deeper
After chopping spending by more than 30% to cope with a crash in oil prices and billions in writedowns that sent profits to the weakest since last decade, China’s energy giants are cutting even deeper, RigZone reporte...
Ecuador Calls on Colombia, Mexico to Freeze Oil Output
Ecuador is lobbying fellow Latin American oil exporters, Colombia and Mexico, to freeze crude production as part of a broad price-boosting effort that would be cemented at an April 17th meeting of OPEC and non-OPEC pr...
Tanzania Confident to Win Oil Pipeline Project with Uganda
The government of Tanzania has sent a business delegation to Kampala, Uganda, to lobby the Ugandan President and other senior officials to conclude an unresolved contract that will allow for the construction of an oil...
