United Kingdom | Egypt Oil & Gas
UK Envoy Discusses Prospects of Oil Investments with Libya’s NOC
The United Kingdom Ambassador to Libya, Nicholas Hopton, praised Libya’s National Oil Corporation (NOC) for its success in achieving production rates before closure in a record time in spite of the challenges it faced...
Aramco Awarded Wood Group Engineering Deal
UK’s Wood Group has secured a five-year deal to continue providing engineering and project management services to Saudi Arabia’s state-owned oil firm Saudi Aramco, BBC reported. Effective immediately, the ...
Morocco Got $38m towards Sustainable Energy
The European Bank for Reconstruction and Development (EBRD), Agence Française de Development (AFD), and the European Investment Bank (EIB) will provide $38m financing facility to Banque marocaine du commerce extérieur...
OPEC Cites Brexit Risk to Global Oil Demand
The Organization of Petroleum Exporting Countries (OPEC) have recently pointed to a pending crude supply deficit, instead of a surplus created by low oil prices, as it said that the oil markets are likely to generate ...
UK Announces Tax Relief for North Sea Oil&Gas Industry
UK Chancellor, George Osborne, has offered further tax relief for Britain’s embattled North Sea oil and gas industry, while taking a swipe at Scottish Nationalists who had insisted the sector would have been better of...
Task Forces Says UK Fracking ‘Could Be Safe’ Under Regulation
Fracking could potentially be done safely in the UK under “rigorous regulation”, but it is too early to say whether it would be “a good idea”, the Task Force on Shale Gas has reported. It said ...
UK Industrial Production Gets Boost from Oil and Gas Output
A rise in oil and gas output boosted UK industrial production in May, official figures show, but manufacturing output continued to fall. Industrial production rose 0.4% in May, helped by a 7.3% rise in oil and gas out... North Sea Western Isles Development Running Two Years Late
Dana Petroleum has confirmed that its flagship £1bn Western Isles oil field development in the North Sea will come on stream two years later than planned. Production from the Harris and Barra fields – which lie ...
