production | Egypt Oil & Gas - Part 79
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,
ExxonMobil Starts Nigerian Erha North Phase 2 Production Early
Exxon Mobil Corporation said that its subsidiary, Esso Exploration and Production Nigeria Limited, has started oil production ahead of schedule and under budget at the Erha North Phase 2 project offshore Nigeria.
East Libya to Punish Oil Firms Backing Rival Government
Libya's internationally recognised government plans to boost oil production five-fold and will punish companies working with a rival cabinet striving to control the divided North African nation's crude deposits.
