BP drilling at Egypt’s Atoll field. Production in the country is set to grow. (BP plc) Companies & Finance

Egyptian upstream boosts hopes for LNG exports

Confidence is growing in Egypt’s upstream sector as new developments start up and the country looks to switch from LNG importer to exporter.

By James Gavin 26 May 2017
Exploration & Production

Dana gas to restart Egyptian drilling following payments

Dana Gas will resume a limited drilling programme in Egypt, having received $70 million in back payments from the government.

26 May 2017
Exploration & Production

Saudi Aramco and NOV enter rig supply agreement

Saudi Aramco has signed a memorandum of understanding with National Oilwell Varco for a joint venture to manufacture rigs and equipment.

26 May 2017
Supply & Demand

OMV and ADNOC to cooperate on downstream projects

OMV and Abu Dhabi National Oil Co. have agreed to explore opportunities for cooperation in downstream projects, refining and petrochemicals.

26 May 2017
Exploration & Production

Oman Oil and Eni agree to oil and gas cooperation

Oman Oil Co. and Eni have finalised a memorandum of understanding to explore cooperation opportunities in the oil and gas sector.

26 May 2017
Companies & Finance

Oman’s PDO signs two compressor contracts

Petroleum Development Oman has signed three contracts worth $35 million with Omani firms for the supply and servicing of compressors.

25 May 2017
Companies & Finance

National Iranian Oil Co. owes OMV $48 mln – Pleininger

National Iranian Oil Co. owes Austrian oil and gas group OMV $48 million, according to OMV’s exploration and production chief, Johann Pleininger.

25 May 2017
Exploration & Production

ENOC creates dedicated E&P unit

Emirates National Oil Co. has created a dedicated exploration and production unit that it intends to use to expand its upstream business.

25 May 2017
Exploration & Production

SOCAR added to Iranian qualification list

Iran has added State Oil Company of Azerbaijan Republic to its list of companies qualified to seek oil and gas development contracts

25 May 2017
Exploration & Production

Two giant Zohr-like gas fields in East Med waters – Spectrum

At least two giant gas reservoirs similar to the Zohr field are hiding in the Mediterranean Sea, Spectrum Geo has said.

25 May 2017
Exploration & Production

BP drills 50th well in Khazzan

BP has finished drilling its 50th well as part of its Khazzan gas project in Oman and remains on track to start producing gas by the end of the year.

24 May 2017
Exploration & Production

Iranian offshore fields need $30 bln in investment

Iran’s offshore oil and gas fields require $30 billion in investment, Deputy Trade Minister Mansour Moazami has said.

23 May 2017
Exploration & Production

Aphrodite surplus gas most likely to go to Egypt

Surplus gas from Cyprus’s Aphrodite development is most likely to go to Egypt because of the field’s relatively small size.

23 May 2017
Global Markets

Saudia Arabia and GE announce $15 bln of MOUs

Saudi Arabia and GE have announced agreements worth $15 billion – of which almost $7 billion are for GE technology and solutions.

23 May 2017
Alternative Fuels

ENOC opens UAE’s first solar-powered petrol station

Emirates National Oil Co. has opened the United Arab Emirates’ first solar-powered petrol station in Dubai.

23 May 2017
Gas flaring in Iraq. The country is aiming to make better use of its associated gas. (PA) Exploration & Production

Iraq plans new gas processing drive

Iraq is aiming to boost its production of associated gas and reduce flaring, but it needs to build new infrastructure to do so, experts say.

23 May 2017
Global Markets

Saudi Arabia signs $50 bln in energy deals with US

United States and Saudi companies signed over $50 billion in energy investment deals at the weekend.

22 May 2017
LNG

Sharjah moves ahead with LNG import plans

Sharjah National Oil Corp. has agreed to import LNG on behalf of utility Sharjah Electricity and Water Authority.

22 May 2017
Companies & Finance

Oman Oil plans affiliate stake sell-off

Oman Oil Co. plans to sell off its stakes in its affiliate companies by the end of the year.

22 May 2017
Global Markets

Rouhani win positive for Iran’s oil and gas plans

Hassan Rouhani has won a second term as president of Iran in a result expected to boost the country’s oil and gas development plans.

22 May 2017
Companies & Finance

KBR will carry out FEED work for Oman LNG

Oman LNG has selected KBR to carry out FEED and project management services at Qalhat.

19 May 2017

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