Oil | Egypt Oil & Gas - Part 41
Angola Exploring Oil Investments from India
Angola’s vice president Manuel Domingos Vicente has returned from a recent visit to New Delhi, where he took part in bilateral talks with the Indian Minister of Oil and Natural Gas, Dharmendra Pradhan, reported ...
Eni to Produce 70,000 Boepd from Nile Delta
Eni has announced in a press release the success of the appraisal well “Nidoco North West 3,” in the Nooros exploration prospect, located in the Abu Madi West license in the Nile Delta. The field, which is...
Islamic State Selling Oil “Through Turkey”
The Islamic State (IS) is selling most of its illegally acquired oil through Turkey and Kurdish areas, according to a former counterterrorism officer with the Central Intelligence Agency, reported Russia Today. In an ...
Stiff Sentences for Nigerian Fuel Smugglers
Nigeria’s Economic and Financial Crimes Commission (EFCC) has announced that seven men have been jailed for 10 years after being arrested with nearly 1,500 tons of contraband petrol, the Business Standard reported. Th...
PetroSA CEO Under Investigation in South Africa
South Africa’s state oil company PetroSA said on Friday it had terminated its CEO’s contract, reported Reuters. Nosizwe Nokwe-Macamo, alongside two other executives, were placed on special leave to allow an inve...
BP Beats Profit Estimates for Q3, Boost by Refining.
British oil major BP beat profit estimates for its third quarter earnings report, said Bloomberg. Profits for the group are down significantly over last year’s third quarter—40% lower—but the company posted significan...
Energean Appoints New Country Manager Egypt
Energean Oil & Gas, an exploration and production company focused on the Mediterranean and North Africa, has appointed Dr. Medhat Tarakhan as Country General Manager in Egypt, reported Oil & Gas Financial Jour...
GPC to Boost Production by 5,000 b/d
Ahmed Jiddawi, Chairman of the General Petroleum Company (GPC) production department, said that his company has devised a new production plan meant to up production to approximately 5000 b/d of crude oil. This was aft...
