Oil | Egypt Oil & Gas - Part 46

Oil Companies Ponder Exiting Angola Due to Regulatory Costs

A series of measures introduced by Angola’s government in recent years has pushed production costs up as much as $500m annually and the country risks losing investment from foreign oil companies.

Sahara Group Listing Nigerian Oil and Gas Assets on Stock Exchange

A Nigerian energy company, the Sahara Group, will dual list its oil and gas unit in London and Lagos along with a debut dollar bond sale

Iran Targets Bangladesh with ‘Peace Pipeline’ and Energy Projects

Tehran’s Ambassador to Bangladesh, Abbas Vaezi, announced that Iran is ready to talk about extending its Iran-Pakistan-India “peace pipeline” to include Bangladesh

Brazil’s Petrobras Braces for Strikes

The largest oil workers union in Brazil has announced that it will begin a strike against Petrobras on Sunday, Asia Shipping Media

Iran, South Africa To Improve Petchem Relations

A delegation from the Iranian Ministry of Petroleum will visit South Africa in Octubre to discuss improving mutual relations, Deputy Oil Minister in Petrochemicals Abbas Sheri Moqaddam.

Saudis Reassured by Obama Over Post-Sanction Iran

A senior Saudi official announced on Friday that Saudi Arabia is satisfied with assurances from US President Barack Obama about the Iran nuclear deal and believes the agreement will contribute to security and stabili ...

US Shale Producers Lose Price Bet

The majority of US shale oil and gas producers passed up the opportunity to hedge prices by guaranteeing at least $60/b last quarter, Reuters

Somalia’s Puntland Awards Contract for 2D Seismic Exploration to ION Geophysical

Somalia’s Puntland Petroleum Minerals Agency (PPMA), recently awarded ION Geophysical a contract to conduct 2D seismic studies off the Somalia coast,

Mexico’s Pemex Unlikely to Meet Production Targets

Petróleos Mexicanos, commonly known as Pemex, is unlikely to meet production goals for this year, The Wall Street Journal

Nigeria to Deploy Drones to Reduce Oil Theft

Nigeria’s state-run NNPC has started work on a plan to utilize drones to reduce oil theft,

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