Shell | Egypt Oil & Gas - Part 34
Oil Ministry Confirms BG’s West Delta Deep Marine Commitment
An official at the Ministry of Petroleum denied reports that gas company BG had halted production and development of two stages of its offshore West Delta Deep Marine project.
Shell Repays $1.94b Oil Debt to Iran
Royal Dutch Shell has paid $1.94b it owed to the National Iranian Oil Company, settling debts after sanctions against the country were lifted in January.
South Africa to Start Shale Gas Exploration Next Year
The first exploration for shale gas in South Africa will begin in the next financial year, following years of postponement. A World Energy Council report mentions South Africa as having significant potential for shal ...
Shell CEO: Petrobras Should Cede Stakes to Foreign Firms
Brazil's state-run oil giant Petrobras should cede some of its drilling rights to foreign companies, the Royal Dutch Shell CEO, Ben van Beurden, said. The Brazilian government was reported to be considering these cha ...
Iran to See Foreign Oil Companies Paying Off Debts in Euros
Iran says foreign firms, which owe the country its oil money, are ready to settle their debts, with Greece’s Hellenic Petroleum, Italy’s Saras, and Royal Dutch Shell owing Iran altogether about $4b.
Vitol CEO: Oil Prices to Bounce Around $40 – $60 a Barrel
Oil prices will stay low for the next ten years over Chinese economic slowdown and the US shale industry acting as a cap on any rally, Ian Taylor, CEO of Vitol Group BV, the world’s largest independent oil-trading ho ...
Nigeria to See Rise in Crude Exports in March
Nigeria is to see an increase in its crude oil exports in March, as Eni has lifted its force majeure on Brass River crude and Shell has reopened the Trans Niger pipeline.
Shell Pulls Out of High-Risk, Low-Return UAE Gas Project
Royal Dutch Shell has announced that it will pull out of a multi-billion-dollar plan for the Bab sour gas field in Abu Dhabi.
