Oil | Egypt Oil & Gas - Part 83
Oil Prices May Prompt More UAE Concession Deals
Abu Dhabi is believed to be in advanced talks to award contracts to international oil companies to develop its onshore oilfields after French energy giant Total was awarded a 10% stake in late January this year, exper...
Russia’s Lukoil Makes Preemptive Iran Comeback
Russian oil company Lukoil said Wednesday it reopened its offices in Iran in anticipation of the full removal of economic sanctions. Lukoil started work in the Anaran reserve area near the border with Iraq in 2003, bu...
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 program...
East Libyan Oil Port Hariga Closed Due to Weather
Libya has closed the eastern oil port of Hariga due to bad weather, an oil official said on Sunday. A tanker has been waiting for two days to dock at the port to lift one million barrels of crude but bad weather had m...
Azerbaijan Reports Oil Production Increase for Q1 of 2015
Crude oil and condensate production in Azerbaijan rose to 10. 6 million tonnes in the first quarter of 2015 from 10.4 million tonnes in the same period last year, a source at the State Statistics Committee said on Mon...
IMF and World Bank to Consider Effects of Low Oil Prices
One of the big factors in considering ways to reduce poverty around the world is the availability and cost of energy. It’s a perennial issue for the World Bank and the International Monetary Fund, and it promise...
Brazil Reconsidering Role of Foreign Firms in Deepwater
There’s a growing chorus of lawmakers advocating a bigger role for foreign oil companies in Brazil’s prized deepwater discoveries as the national producer grapples with the industry’s biggest debt load and funding con...
OPEC Should Cut Oil Output, Libya Official Says
OPEC should change course and cut oil supply by 800,000 barrels per day (bpd) or more to prevent an expected return of Iranian exports from weighing on prices, Libya’s OPEC governor said. The comments underline ...
