Tuesday 28 July 2015
 
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Oil exploration

Oman Oil to restructure, privatise units

State-owned energy investment firm Oman Oil Co (OOC) will announce a new structure later this year, chief executive Issam al-Zadjali told reporters on Sunday. "With the new structure, the company will be focusing more on Duqm

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Egypt aims to halt gas imports in 2020 - minister

Egypt hopes to halt liquefied natural gas imports in 2020, Oil Minister Sherif Ismail said on Monday, as projects to develop its own gas fields are completed. The Arab world's most populous nation is struggling to cope with en

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Egypt, US firm ink Sahara oil exploration deal

Egypt has entered into two agreements worth $44 million with US-based Apache aimed at exploring oil in Western Sahara, a report said. The contract also included $25 million in state grants, with 11 oil wells expected with be drill

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Rosneft, BP ink oil exploration deal

Rosneft and BP have signed an agreement to jointly explore for hard-to-recover oil in Russia, the first major deal for the state-run oil company since the West imposed sanctions on Moscow. Rosneft chief executive Igor Sechin, a cl

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Bahrain 'open to JVs in oil exploration'

Bahrain is open to new joint ventures, especially in the fields of oil and gas exploration and downstream facilities, said a senior government official. Finance Minister and Minister in charge of Oil and Gas Affairs Shaikh Ahmed bin Moh

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BP flags Gulf of Mexico find, $1bn Brazil writedown

Oil company BP has announced a major oil discovery at its Gila prospect in the deepwater US Gulf of Mexico on Wednesday along with a $1.08 billion writedown on a failed exploration well offshore Brazil. "The Gila discovery is

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Egypt signs oil exploration deals with foreign firms

Egypt has signed oil and gas exploration agreements with Apache Corporation, Royal Dutch Shell and GDF Suez, the Egyptian state news agency reported. The agreements are for exploration in Egypt's eastern and western deserts an

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Lloyd’s, Senergy to offer upstream services

Lloyd’s Register (LR), a major provider of assurance and expert advice, has announced a major investment in global services company Senergy in a move to offer services in the upstream sectors of exploration, production and transportation.

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Total joins Exxon, Kufpec in S Sudan oil search

French oil company Total will partner with US major Exxon Mobil and Kuwait's Kufpec in South Sudan to search for oil in the restive Jonglei state, a senior lawmaker in the African country said. Sudan's 1983-2005 civil war

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Total to start Libya offshore exploration in May

France's Total said it aimed to start offshore exploratory drilling in Libya next month for gas, in a further sign the Opec member's energy industry is returning to normal after the 2011 war. Speaking at the Libya Oil &

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