Oil | Egypt Oil & Gas - Part 80

Petrobras Makes Onshore Wild-Cat Discoveries in Brazil

Petrobras has announced two onshore discoveries, one in its Amazon Basin block and another in the onshore section of the Espirito Santos Basin

Algeria Faces Leadership Vacuum Amid Oil Challenges

When Abdelaziz Bouteflika ran for a fourth term as Algeria’s president a year ago, the opposition cautioned that he would be too sick to govern.

Petsec Energy to Acquire Yemen Blocks

Petsec Energy has executed an agreement with Oil Search Limited to acquire all the shares of its subsidiary Oil Search (ROY) Limited which holds a 34% participating interest in Block 7, Al Barqa Permit, in the Republ ...

Enel Considers Selling of Assets in Europe and Africa

Italy's biggest utility Enel SpA is looking to sell its assets in Europe and Africa to raise as much as 1 billion euros ($1.07 billion) as its growth slows amid weak demand in Italy and Spain, Bloomberg reported, cit ...

Global Petroleum Brain Drain Reaches GCC States

Bahrain and other Gulf countries are facing a brain drain in the energy industry, with fewer young people seeking jobs in the field.

Saudi Arabia Spearheads OPEC Oil Boom as U.S. Shale Slows Down

Saudi Arabia pumped close to a record amount of crude oil last month, leading the biggest surge in OPEC output in almost four years just as the U.S. shale boom shows signs of slowing, the International Energy Agency ...

Omani Aluminium Optimization a Boon to Downstream Projects

Oman's Sohar Aluminium (SA) plans to expand smelter capacity to one million tonnes by 2020 from the current 375,000 tonnes, it was revealed at the Aluminium Middle East 2015 exhibition, now under way in Dubai, UAE.

Oil Prices May Prompt More UAE Concession Deals

The government is yet to take a decision two months after awarding 10% stake to Total

Russia’s Lukoil Makes Preemptive Iran Comeback

Russia's Lukoil reopens offices in Iran, awaits sanctions removal.

Cairn Energy Plans Further Drills for Senegal Offshore Discoveries

Following the successful drilling campaign offshore Senegal in 2014, FAR Ltd, ConocoPhillips, Cairn Energy (the operator of the licence) and Petrosen (the government of Senegal) are planning a first phase work progra ...

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