Oil | Egypt Oil & Gas - Part 48

PetroSafe Cleans Oil Spill in Nile

Petroleum Safety and Environmental Services Company (PETROSAFE) has cleaned-up the oil spill occurred Friday from a power plant in the Nile of Assiut, chairman Magdy Fahmy stated Saturday. The company has sent a figh ...

Egypt’s Sisi Meets with Eni’s CEO

President Abdul Fattah al Sisi met with Eni's CEO Claudio Descalzi.

Total Selling Midstream Assets in the North Sea

French oil and gas major Total is selling its midstream assets in the North Sea, reported Offshore ...

Schlumberger Buys Cameron, Becomes Industry’s First Integrated Drilling and Production Company

Schlumberger has announced that it will buy oil services rival Cameron International for nearly $13b in cash and stocks,

Angola’s Sonangol Opens Help Desk for Bidding Entities

State-owned oil corporation Sonangol has opened a help desk specifically to assist foreign companies in bidding and operating in Angola, re ...

Aminex Shifts from PSAs to Royalty Payments in Egypt

Oil and gas company Aminex PLC announced that it has converted its stake in the West Esh El-Mallahah-2 production sharing contract in Egypt into a royalty.

Oil Prices Drop Amid Global Downturn

Oil prices for benchmark WTI and Brent crude fell on Monday as stock markets suffer heavy losses and global markets slow down,

Revolving Door Layoffs at Liberian National Oil Company

A shakeup is taking place at National Oil Company of Liberia (NOCAL), reportedly to keep the company financially afloat

East Libya Government to Hold Conference in Dubai for Oil Agreements

The internationally-recognized East Libyan government has announced that it will be hosting a conference in Dubai to sign new leases and production agreements, Reuters reported.

Petroleum Portfolio Expanding at National Bank of Egypt

A source informed Amwal Al-Ghad that the financing portfolio for the petroleum sector recorded loans and credits of EGP 41b ($5.2b) at the National Bank of Egypt (NBE).

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