Oil | Egypt Oil & Gas - Part 71
South Africa’s SacOil Ends Nigeria JV Due To Weak Oil Prices
South Africa's SacOil Holdings has ended its joint venture with Nigeria's Nigdel United Oil Company and abandoned its oil licence in that country as softer oil prices forced the firm to cut costs.
British Oil Production Threatened by First Strike in Decades
North Sea oil production could face severe disruption from a threatened strike by unions that would add to the strain already placed on drillers by falling oil prices.
Oil Prices Fall 3 Percent on Dollar Rally, Over Abundance Fears
Oil prices fell more than 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day as the dollar rallied and on evidence that the United States and top oil exporter Saudi Arabia were pumping mo ...
Iraq Signs $526.6 Million China Deal to Drill 66 Wells
Iraq's cabinet has approved a $526.6 million drilling deal with China's Zhongman for the West Qurna Two oilfield, the government said in a statement on Tuesday.
Albania to Accept Company Bids on Oil, Gas Exploration
May 18 Albania will offer companies interested in oil and gas exploration seven offshore and onshore blocks in June in a bidding process, officials said on Monday.
Russian Company Acquires Remaing Solimoins Oil, Gas Fields in Brazil’s Amazon River Basin
Russia’s Rosneft oil and gas company has acquired the remaining shares of Brazil’s Solimoins oil and gas fields in the Amazon River basin, Rosneft announced Monday in a statement.
Eastern Libyan State Oil Firm Selects Boards for Two Subsidiaries
A state oil firm controlled by Libya's internationally recognised government has appointed boards for two state-run oil subsidiaries, officials said on Monday.
Nigeria To Split Gas From Oil Leases to Increase Output
Nigeria, Africa’s biggest oil producer, plans to issue separate leases for gas assets in order to attract more investors to boost output of the fuel, the state-owned oil company said.
