production | Egypt Oil & Gas - Part 74
Chemical Group INEOS Buys 12 North Sea Fields
The Swiss chemicals company INEOS has purchased 12 gas fields in the North Sea, Reuters reported.
Petroleum Minister Meets IOCs About Oil and Gas Field Development
Tarek El Molla—Minister of Petroleum and Mineral Resources—held extensive meetings with a number of heads of Arab and foreign companies operating in Egypt including: Emirati Dana Gas, BG Group, Petronas, and Engie (r ...
Nostra Terra Acquires 50% of Transglobe Concession in Western Desert
A partnership between Nostra Terra and Independent Resources have announced the group’s first North Africa acquisition—a 50% stake in Transglobe’s East Ghazalat concession
Oil Majors, Petrobras Skip Brazil Bid Round
Major oil companies like Shell, BP, and Total failed to submit bids for new blocks in Brazil’s most recent auction yesterday,
GUPCO Launches New Marine Platform for Hilal Field
Egypt Oil & Gas learned that GUPCO launched a new offshore platform, to replace the original Hilal platform that was destroyed in 1994 due to the collision of a cargo ship. Production was then discontinued for indus ...
Ministry of Petroleum Offers Incentives to Investors
In a statement made to Egypt Oil & Gas, a source at the Petroleum Ministry revealed that new incentives were being enacted for the coming period to attract foreign investors.
Shell Starts Working Offshore Bulgaria
Royal Dutch Shell has been awarded a contract to explore for oil and gas in the Black Sea off the Bulgarian coast, Reuters
Mexico Changes Bid Round Approach
After disappointing results from its last action round, the Mexican government is sprucing up the terms of its new auction for oil and gas blocks off the coast,
