Oil | Egypt Oil & Gas - Part 82
Nigerian Fuel Marketers Owed $315 Million in Fuel Subsidy
Nigeria’s main fuel marketers said late Thursday the government has yet to fulfill its pledge to settle Naira 60 billion ($315 million) in unpaid subsidy for gasoline imported in previous quarters, warning that ...
Press Release: Petroleum Minister of Egypt Stresses Need for Improving Services to Citizens
Sherif Ismail, Minister of Petroleum and Mineral Resources for Egypt, emphasized the importance of supporting Egyptian-Arab cooperation in various areas of the oil industry in light of the economic need for such proje...
Production Resumes at South Africa’s Largest Refinery
Production at the 172,000 barrels per day Sapref refinery, South Africa’s largest and co-owned by BP and Shell, is normal following a pipeline fire that was extinguished on Saturday morning, a spokeswoman said. ...
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. Petrobras has discovered a new oil and gas accumulation in the Amazon Bas...
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. Those fears proved well-founded: The 78-year-old leader has been almost ...
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 Republi...
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...
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. Energy Minister Dr Abdulhussain Mirza said more needed to be done to attract young p...
