upstream | Egypt Oil & Gas - Part 5
Libya’s Bahr al-Salam Gas Field Resumes Operations after Maintenance
Libya’s offshore Bahr al-Salam gas field has resumed production at 380 million cubic feet per day after completing upgrades and maintenance, Reuters reported. The maintenance linked new wells in the field to the coast...
Iran Targets Joint Oil Company with Azerbaijan
Iran is aiming to form a joint oil company with Azerbaijan, according to Iranian Deputy Oil Minister Amir Hossein Zamaninia, the Islamic Republic News Agency reported. The company would be formed within the framework ...
Chariot Fails to Find Hydrocarbons in Moroccan Well
Chariot Oil & Gas failed to find hydrocarbon deposits in the offshore Moroccan Rabat Deep exploration well, for which they have a 10% interest, Proactive Investment reported. The well was drilled to depth of 3,180...
Iraq Licensing Round Ends with no Majors Winning Contracts
The Iraqi government has failed to obtain investment from top international oil companies to invest during an exploration and development auction held for blocks near the borders of Iran, Kuwait and in offshore Gulf w...
Total CEO: Libya Has Not Objected to Waha Takeover
Libyan authorities have not raised objections to Total closing a $450 million deal with US-based Marathon Oil to take over its 16% share of the Waha concessions, The Times of Oman reported. Previous reports have sugge...
Lebanon to Continue Exploring Disputed Block 9
Lebanon has already begun exploring in the disputed Block 9 area, Lebanese Energy and Water Minister Cesar Abi Khalil stated, The Daily Star reported. The news comes in spite of Israel disputing Lebanon’s claims to so...
Iraq Awards Two Blocks to UAE’s Crescent Petroleum
Iraq has awarded the Khashim Ahmer-Injana block and the Gilabat-Qumar block to UAE-based Crescent Petroleum, Reuters reported. Crescent was the sole bidder for the Khashim Ahmer-Injana exploration block, which lies cl...
Aramco Accounts Reveal Low 2017 Downstream Profits
The majority of Saudi Aramco’s profits in the first six months of 2017 came from its upstream ventures, with the company’s downstream profits remaining far behind those of its major rivals, Bloomberg reported. Aramco ...
