Oil | Egypt Oil & Gas - Part 53
New Licenses Issued for North Sea Operators
A total of 41 new licences have been awarded for oil and gas operations in the North Sea.
Massive Earnings Loss Makes BP Unattractive to Acquire
BP is less likely to be acquired following its $18.7 billion settlement over the 2010 Macondo oil spill, Chief Executive Officer Bob Dudley said on July 28.
GE Buys $2.5bn Worth of Oil from Africa
General Electric Co. booked $2.5 billion of orders from sub-Saharan Africa in the past 11 months, including oil and gas equipment for Eni SpA in Ghana and locomotives for Angola.
Gazprom to Take Legal Action Against Turkmengaz
A spokesman for Russia’s Gazprom confirmed Friday that the corporation has filed a case against Turkmengaz, Turkmenistan’s state gas company, at the international arbitration court in Stockholm, Sweden. According to ...
Petrobel to Increase its Production Levels
Sherif Ismail, Minister of Petroleum and Mineral Resources received a report from Atef Hassan, head of Belayim Oil Company (Petrobel) about the company’s new strategy to maximize the country’s petroleum wealth, in it ...
BP to Begin Paying Settlements to Local Governments for Deepwater Horizon Spill
A federal judge says BP will begin paying up to $1 billion in settlements to compensate local governments across the Gulf Coast for lost tax revenue and other economic damages they blame on the company's 2010 oil spi ...
Ganope to Announce Results of Bidding For Exploration of Oil and Gas in 10 Blocks by Mid-August
Ganope intends to announce, by the middle of next month, the names of foreign companies who won the oil and gas exploration bids for the 10 new blocks issued at the beginning of this year.
Chinese Court Okays Pollution Lawsuit
A Chinese court allowed a lawsuit by a domestic non-governmental organization against Cnooc Ltd. and ConocoPhillips over the Bohai Bay oil spill in 2011, in what may be one of the first tests for the government’s new ...
