upstream | Egypt Oil & Gas - Part 6
Sub-Saharan Africa Loses $100b in Oil, Gas Capital
Capital investment in the oil and gas industry in sub-Saharan Africa has witnessed a cut by $100b over the next five years, according to Wood Mackenzie’s latest report on upstream activity.
China, Nigeria Sign $80b Oil, Gas Infrastructure Development Deal
Chinese companies have agreed to invest $80b in oil and gas infrastructure projects in Nigeria.
Austrian OMV to Develop Iranian Cheshmeh Khosh Oilfield
Austrian energy company OMV has announced it was ready to resume developing the Cheshmeh Khosh oilfield in western Iran.
Iran’s Oil Industry Is in Need of $200b in Investments
Iran's Ministry of Petroleum stated that the country's oil industry is in need of $200b in investments in the upstream and downstream sectors as the domestic fund are insufficient.
Sound Energy to Acquire 55% of Meridja Permit in Morocco
Sound Energy, the Mediterranean and European focused upstream gas company signed a binding agreement with Oil & Gas Investment Fund S.A.S (OGIF), which allows it to acquire a 55% interest of OGIF's 75% stake in the M ...
UAE’s Mubadala Signs Energy MoU with Mexico’s Pemex
The UAE’s Mubadala Petroleum has signed a Memorandum of Understanding (MoU) with Mexico’s Pemex for collaboration on upstream E&P projects, midstream oil and gas, and energy and power-related infrastructure.
BP to Cut 4,000 Jobs in Upstream Operations Globally by 2017
BP, the UK oil company has announced it will cut 4,000 jobs in its upstream exploration and drilling operations globally, out of which 600 will be affected within its hard-hit North Sea business, by end 2017, as a re ...
Riyadh’s Oil Outputs to Impact Global Economy, Not Aramco IPOs
Saudi Arabia’s oil production levels will be far more significant to the global economy than Aramco's plans for the initial public offerings (IPOs) selling shares in its upstream and downstream facilities, according ...
