Oil | Egypt Oil & Gas - Part 75
ExxonMobil-led Strikes Oil Offshore Angola
Exxon Mobil Corporation has announced today that its subsidiary, Esso Exploration Angola (Block 15) Limited (Esso Angola), has started oil production ahead of schedule at the Kizomba Satellites Phase 2 project offsho ...
Shell and Exxon Beat Earnings Expectations Amid Low-Price Environment
The low oil prices that have been dogging the energy industry led to dramatically lower quarterly earnings for Royal Dutch Shell and Exxon Mobil, but the two giant companies did better than analysts had expected.
US Rig Count Declines
U.S. oil companies sidelined 24 oil-drilling rigs this week, according to Baker Hughes’ rig count released Friday, bringing the count to its lowest point since October 2010.
Total to Raise Millions in Initial Public Share Offer in Morocco
Total Maroc (IPO-TOMAR.CS), owned by France's Total, plans to raise between 612 million dirhams and 720 million dirhams ($74.48 million) in an initial public share offer, Moroccan bourse watchdog CDVM said in a state ...
Egypt Oil Exports Increased by 30%, While Petroleum Exports Decline
The Central Agency for Public Mobilization and Statistics (CAPMAS) said on Friday the value of Egyptian oil exports increased in February reaching EGP 1.99bn compared to EGP 1.53bn in January.
Mazarine Energy and ETAP Make Oil Discovery in Tunisia
Mazarine Energy and ETAP have discovered 38 metres of net oil-bearing reservoir in well Cat-1 well in the Zaafrane permit in central Tunisia.
Rising Oil Prices Add Pressure to Shell-BG Deal
Rising oil prices are putting Royal Dutch Shell under pressure to execute its landmark $70 billion deal to buy rival BG as soon as possible before investors in BG start to take a more critical look at the terms.
CNPC Oil Deal Offsets Price Drop in Chad
Chad will receive a larger share of royalties in a new deal with China National Petroleum Corp., helping offset revenue losses from lower oil prices, Petroleum Minister Djerassem Le Bemadjiel said.
