Oil | Egypt Oil & Gas - Part 34
Nigeria to Restructure State Oil Giant to Make it Profitable
Nigeria is set to split its giant state-run National Oil Company into 7 independent units in an effort to improve efficiency in the wake of the oil price crash, The Wall Street Journal reported. Before it was said tha...
Russia’s Rosneft to Increase Oil Deliveries to Europe by 3%-5%
Russia’s largest oil producer Rosneft plans to increase oil deliveries to European customers via the Druzhba pipeline to 28.7-29mmt/year in 2016, or by 3% to 5% year on year, as part of its strategy to strengthe...
Shell Lining Up for $30b Divestment Plan in 2016-2018
Royal Dutch Shell Plc is lining up assets for a $30b divestment program that may extend from the US and Trinidad to India following its record takeover of BG Group Plc, according to people with knowledge of the matter...
Turkey to Restore Pipeline for Oil Transfer from Northern Iraq
Turkey has begun work to repair a pipeline taking crude oil from northern Iraq to the Mediterranean through its restive southeast and aims to restore flows soon, Reuters reported. The pipeline transport was suspended ...
Sudan in Talks with China to Develop its First Gas Pipeline
Sudanese Oil Minister, Mohamed Zayed Awad, held discussions with officials from the state-owned China National Petroleum Corporation (CNPC) to build the first gas pipeline in Sudan and to develop crude and gas industr...
Italy to Hold Referendum on Offshore Drilling
Italy’s Constitutional Court gave the green light to a national referendum on the duration of oil and gas drilling concessions in the country, which is to be held on 17th April, muddying the waters for companies...
Nigeria Backs Oil Output Freeze
Nigeria, the biggest oil producer in Africa, has backed Saudi Arabia and Russia in freezing oil production while giving Iran and Iraq a way out to regain some of their market share lost due to sanctions and war, Bloom...
US to Offer 45m Acres in Exploration Bids in Gulf of Mexico
The US Bureau of Ocean Energy Management (BOEM) announced it would offer approximately 45m acres in the Gulf of Mexico for oil and gas exploration and development in two March lease sales, RigZone reported. The blocks...
