Oil | Egypt Oil & Gas - Part 52
Iran Paves the Way for New Model Contract With $2.2B Deal
In addition to unveiling its new contract model at a conference in London slotted for December, according to Bloomberg Iran has also intends to advertise 45 oil and gas projects to international companies at the said ...
Britain Fast Tracking Fracking Applications
The British government recently announced changes in the way applications for hydraulic fracturing (fracking), are processed, Reuters reported. The new regulations will allow local Communities’ Ministers to directly a...
Major US Refinery Shuts Down; Creates Oil Glut and Gasoline Dearth
A large gasoline refinery in the US state of Indiana has shut down for repairs after technicians discovered leaking pipes, Bloomberg reported. The shutdown is expected to heavily affect gasoline supply in the Midweste...
Croatian Oil Services Worker Reportedly Beheaded By ISIS
Tomislav Salopek, a Croatian man employed by French petroleum geosciences firm CGC has reportedly been beheaded by ISIS-affiliated militants in Egypt’s Sinai peninsula, the Independent reported. Salopek was kidnapped ...
Norway’s Economy Follows Oil Price
The economy of Norway is a “train wreck in slow motion,” according to Svenska Handelsbanken AB, reported Bloomberg. Norway is western Europe’s largest oil producer, with hundreds of offshore platforms and fields in th...
Uganda Bid Round Meant to Launch Country as Major Oil Producer
The Ugandan government announced on Tuesday that it had authorized 16 international firms to bid for oil exploration rights in six blocks, said US News and World Report. The companies listed include firms from Russia,...
Iran Mulling Tempo of Long Awaited Return to Global Oil Marke
A World Bank report warned that the lifting of Iran sanctions would add about a million barrels of oil a day and so depress oil prices by a further $10 per barrel next year, said Trade Arabia. These conclusions came i...
Bapetco Increases Production to 132,600 B/D, Adds 5M in Oil Reserves
The chairman of Badr El Din Petroleum Company (Bapetco), a joint venture between the EGPC and Royal Dutch Shell, recently announced the addition of exploratory well Bed3C6-1 to production, Daily News Egypt reported. T...
