Oil | Egypt Oil & Gas - Part 61
Multipurpose Fiberglass Pipes Expansion in Dubai
UAE-based Future Pipe Industries Group said one of its member companies Gulf Eternit Industries, has commissioned a 176,720-sq-m manufacturing unit in Dubai for the production of fibreglass pipes and fittings for the ...
Partex Could be Latest in Long Line of Adnoc Bid-Winners
Portuguese oil company Partex is positive about securing a minor stake in an Abu Dhabi concession as Abu Dhabi National Oil Company (Adnoc) mulls options to decide partners for the prestigious Abu Dhabi Company for On...
Opposition Shouts Down Tanzanian Energy Minister
Lawmakers shouted down Tanzania’s energy minister as he tried to open a debate on what they called rushed reforms to the petroleum and gas sector on Friday, forcing the speaker to abandon the session. Television...
Mozambique in Good Shape But Must Keep an Eye on State Firms: IMF
Strong economic growth in Mozambique is supported by major investments in the coal mining and natural gas sectors but stricter control over state-run firms is necessary, the International Monetary Fund said on Thursda...
BP Pays $18.7bn in Gulf Oil Spill Claims
BP Plc reached a record $18.7 billion agreement to settle all federal and state claims from the 2010 Deepwater Horizon oil spill after an abrupt strategy shift in May to re-open talks, three people close to the matter...
Shell to Begin Drilling in the Arctic Within Weeks
Oil and gas giant Shell is expected to begin drilling for oil in the Arctic within the next two weeks. Thirty ships left Dutch Harbor in Alaska on Thursday for the Arctic to support two initial exploratory wells. The ...
Algeria’s Q1 Oil and Gas Output Decreases 6 Percent
Algeria’s oil and natural gas output fell by 6 percent in the first quarter of 2015 from a year earlier despite an increase in investment, state radio reported on Wednesday citing the energy ministry. Lower outp...
Nigeria’s Total Debt Rises to 12.1 Trillion Naira
Nigeria’s total debt rose to 12.1 trillion naira ($60.8 billion) as of March 2015, up from 11.2 trillion naira at the end of December 2014, the Debt Management Office (DMO) said. The DMO said on its website that...
