production | Egypt Oil & Gas - Part 79
Apache Finalizes Studies on Obayyed Shale Gas Reserves
Apache has completed the necessary studies to research and explore shale gas in the Obayyed field in the Western Desert for the first time in Egypt, reported Egypt Daily News. The company is also working on an evaluat...
Libya Oil Production up to 440,000 B/D NOC Says
Libya is producing roughly 440,000 bpd of crude oil, the chairman of the country’s National Oil Corporation (NOC) said, Reuters reported. Tripoli-based NOC Chairman Mustafa Sanallah gave the figures at the Libya...
Sisi Meets with Eni’s CEO
According to a press release by Italy’s Eni, President Abdel Fattah Al Sisi, and Eni’s Chief Executive Officer, Claudio Descalzi, met in Cairo to discuss Eni’s activities in the country. During the meetin...
Chemical Group INEOS Buys 12 North Sea Fields
The Swiss chemicals company INEOS has purchased 12 gas fields in the North Sea, Reuters reported. The fields were purchased from Russian billionaire Mikhail Fridman’s investment fund LetterOne. The Russian busin... 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 (...
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 reported Energy Voice. US-based Nostra Terra ...
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, reported Bloomberg. The auction showed dismal results, with only 37 of the blocks being awa...
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 in...
