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 Mustafa Sanalla, the Chairman of the Board of directors, in achieving production rates and paving oil operations. This came during the meeting at Li ...

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.

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 to support Morocco's sustainable energy developments.

OPEC Cites Brexit Risk to Global Oil Demand

The Organization of Petroleum Exporting Countries (OPEC) has 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 oil and gas industry. The tax changes are expected to save the industry around $1.4b in the five financial years from 2016/2017 to 2020/2021.

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.

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.

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.

Australia’s New Standard Energy Exits US Amid Downturn

Another casualty of the downturn in oil prices: Australia's New Standard Energy Ltd. is exiting the U.S.

Argentina’s Plan to Seize Assets of Falklands Oil Drillers Criticised by the UK

Britain on Monday accused Argentina of a politically motivated and illegal attack on the nascent oil industry around the disputed Falkland Islands, after Buenos Aires said it would seek to seize the assets of driller ...

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