Oil | Egypt Oil & Gas - Part 96
Statoil Announces Valemon Offshore Oil and Gas Field on Stream
On 3 January the Valemon gas and condensate field in the North Sea was brought on stream by Statoil and partners. Recoverable reserves from the field are estimated at 192 million barrels of oil equivalent.
Oil Extends Decline From 5 1/2-Year Low as Glut Persists
Oil fell for a third day, extending its drop from the lowest close since 2009, as record supplies from Iraq and Russia bolstered speculation that a global glut that drove crude into a bear market will persist.
Egypt agrees timetable to pay $3 bln to oil firms
Egypt has agreed a timetable to pay $3 billion of the $6.3 billion it says it owes foreign oil companies, the state news agency reported, as part of the drive to revive confidence in its economy hammered by nearly th ... TransGlobe Announces North Dabaa New Oil Discovery
TransGlobe Energy Corporation is pleased to announce a successful Jurassic gas-condensate test in the Western Desert at North Dabaa 1X. Indian companies decline to sign PSC for offshore concessions in Gulf of Suez and Red Sea
The Petroleum Ministry has conveyed to the Ministry of External Affairs that the Indian consortium comprising Gujarat State Petroleum Corporation (GSPC), Hindustan Petroleum Corporation Limited (HPCL) and Oil India L ... Uganda: Oil Industry Regulations Passed
Lawmakers passed legislation on Friday intended to regulate Uganda's nascent oil industry, but critics say it gives too much authority over the industry to the nation's energy minister. Saudi Aramco to Invest $35B in Oil Exploration, Development
State-owned oil giant Saudi Arabian Oil Co., known as Saudi Aramco, plans to invest $35 billion over the next five years in crude oil exploration and development in a bid to keep its oil production portfolio robust, ... Sudan seeks production boom
Sudan is looking to boost oil production to 180,000 barrels per day early next year as it looks to double output in two years, according to a report. 
