Oil | Egypt Oil & Gas - Part 45
BG Acquires New Stakes in Newfoundland
British-based BG announced their partial acquisition of three exploration blocks off the coast of Newfoundland, CBC reported. The blocks are about 200 km east of Saint John’s, the national capital. Spain’s Repsol sold...
Shell Quits Arctic, Halts Drilling
In a surprise move, Royal Dutch Shell is abandoning its Arctic drilling plans, reported the BBC. The company has maintained one of the largest, and most high profile, commitment to the region. It has so far invested r...
Buhari Thanks China for Intercepting Nigeria’s Stolen Crude
Nigeria’s President Muhammadu Buhari, at a meeting with President Xi Jinping of China on the sidelines of the 70th United Nations General Assembly in New York, said China has intercepted shiploads of crude oil s...
Qatar to Host IPTC as Oil Sector Continues to Diversify Investments
The ninth International Petroleum Technology Conference (IPTC) is scheduled to take place in Doha, Qatar from December 7 to 9 this year, announced Trade Arabia. The event will be held at the Qatar National Convention ...
East Libya to Punish Oil Firms Backing Rival Government
Libya’s internationally recognised government plans to boost oil production five-fold and will punish companies working with a rival cabinet striving to control the divided North African nation’s crude dep...
Mauritania Seeks to Develop Partnership with China
Mauritania, one of Africa’s poorest countries and newest oil producers, looks forward to developing its economic relations and partnership with China, a major world economic power, The North Africa Post reported. Maur...
Iran Drawing in French Oil and Non-Oil Investments
Rokneddin Javadi, Iran’s deputy petroleum minister, announced that Tehran welcomes expansion of energy cooperation with the French oil giant Total, reported Press TV. “National Iranian Oil Company welcomes expansion o...
Angola’s Oil Production Goal for 2016 ‘Overly Optimistic’
Angola is unlikely to produce 2m b/d in 2016, said the office of economic and financial studies of the Portuguese bank BPI, adding that this is “an overly optimistic goal,” MacauHub reported. “The Angolan authorities ...
