Oil | Egypt Oil & Gas - Part 78
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. Annou...
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. Lawmakers in the ce...
Libyan Chaos Threatens More Oilfields and Exports to Italy
Libyan protesters have shut down an eastern gas field and threaten to close the western Wafa oil and gas field, which would stop gas exports to Italy, a spokesman for state oil firm NOC said on Wednesday. The closure ...
Eni Looks to Increase Oil Output This Year
Italian oil company Eni expects to produce more oil and gas this year as new projects come onstream, it said on Wednesday, after higher output helped it soften the blow of lower crude prices in its first-quarter resul...
Kosmos Energy Announces Gas Discovery in Mauritania block
Kosmos Energy announced a play-opening discovery off the coast of Mauritania after testing the Torture West prospect, according to a company press release. The independent oil and gas exploration firm confirmed taht t...
Total´s Write-Off in Libya Oilfield Adds Pressure on Other Firms
Libya’s civil war is starting to force European oil companies to write off assets in North Africa as militias attack oil fields and terminals. Total SA became the first major European group to take an impairment in Li... Italy’s Eni Posts Better Than Expected Profits for First Quarter
Eni SpA first-quarter profit beat analyst estimates as improved performance at its refining and gas businesses and a lower tax rate helped Italy’s largest oil company offset lower crude prices. Adjusted net income for...
China to Cut Special Subsidies for Shale Operations
China will cut special government subsidies for shale gas developers in the next five years even as the country encourages explorers to produce more clean energy such as natural gas to replace coal. The subsidies will...
