Texas | Egypt Oil & Gas - Part 2
SABIC Gets Nod for ExxonMobil Petrochemical Project
Saudi Basic Industries Corporation (SABIC) has obtained the needed regulatory approvals, including environmental permits, to establish a petrochemical joint venture (JV) project with ExxonMobil in the US Gulf Coast. S...
Apex International Energy Opened in Cairo
In a press release to Egypt Oil&Gas, Apex International Energy, a new independent oil and gas exploration and production company focused on Egypt, announced that it has opened offices in Cairo, Egypt and Houston, ...
Kenya Grants Offshore Production Sharing Extension
Erin Energy Corporation obtained an 18-month extension of its Initial Exploration Period (IEP) of its offshore blocks in Kenya, L27 and L28, reported Rigzone. The IEP will expire now in February 2017. “We are delighte...
ConocoPhillips Announces 10% Workforce Layoffs
Oil major ConocoPhillips announced that it would be cutting around 1,800 jobs, reported The Columbian. The Houston based company has struggled to maintain profitability in an era of persistently low oil prices. Conoco...
India’s ONGC Pursuing Gas and LNG Deal Worth $24b in Mozambique
India’s state-run exploration company ONGC is investing in a massive offshore Mozambique gas field with estimated reserves of more than 75 tcf, reported the India Economic Times. The Area 1 Rovuma offshore field will ...
Mozambique on Road to Unlocking Global LNG Potential
Mozambique’s President Filipe Nyusi on Tuesday said Omar Mitha, a former bank economist and deputy minister, will run Empresa Nacional de Hidrocarbonetos (ENH), reported Bloomberg Mitha comes from Cabo Delgado, the sa...
New Rules Spur Exports of Natural Gas to Mexico
Recent laws opening up Mexico to natural gas imports have the US industry scrambling for a piece of the pie, said a recent report by the Chicago Tribune. The report detailed more than $10b in planned or current invest...
Oil Prices Increase as Tropical Storm Approaches Texas
U.S. crude oil prices edged up on Tuesday, supported by warnings that a tropical storm threatened to hit the coast of the oil-producing state of Texas, but oversupply weighed on Brent. U.S. crude, also known as West T...
