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Egypt working on oil and gas exploration agreements estimated at $9.2 billion
Egypt works on three major oil and gas agreements estimated at $9.2 billion, after attracting investment of approximately $2.9 billion for oil and gas exploration in only a year, as stated by a representative of the energy ministry.
read more... 06/02/2015
Italian oil giant launches output in Gulf of Mexico
An Italian oil and gas giant has launched production in the Gulf of Mexico, as it stated.
read more... 22/01/2015
Gazprom Neft to continue expanding its portfolio in Russian Arctic
Gazprom Neft, a branch of Gazpromneft Sakhalin, has been granted subsoil-use rights to two licence blocks in the Russian Arctic.
read more... 20/01/2015
BP to ax 300 North Sea jobs amid oil price collapse
The British oil conglomerate BP has warned it is to cut 200 jobs and 100 contractor roles in the North Sea following a review of its operations.
read more... 16/01/2015
Egypt: Eni signs deal for new exploration block
Italian oil and gas conglomerate Eni declared on Friday it had inked a deal to operate a new exploration block in the western desert of Egypt, reinforcing its position in the country.
read more... 12/01/2015