Saudi Arabia to Reduce Oil Production Worth 1% of Daily Global Supply

• Tuesday, 12th May 2020
• by Editorial Team

A Saudi Ministry of Energy Official stated that Saudi Aramco will reduce its crude oil production in June by a voluntary amount of 1 million barrels of oil per day (mmbbl/d) or 1% of daily global oil supply.

Energean Enters SPA to Sell Edison’s UK, Norwegian Subsidiaries to Neptune

• Tuesday, 15th October 2019
• by Editorial Team

Energean Oil and Gas plc has entered a conditional Sale and Purchase Agreement (SPA) to sell the UK and Norwegian subsidiaries of Edison Exploration and Production (E&P).

Snam SpA Expects Egypt to Resume Gas Exports

• Saturday, 2nd July 2016
• by Egypt Oil & Gas

Europe’s biggest natural gas infrastructure company, Snam SpA, announced that Egypt is likely to resume natural gas exports thanks to the major discoveries that were made off its shores in the recent years.