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Egypt Expects 25% Savings on Fuel Subsidies, Cheaper Oil
Egypt >> 11/27/2014 - Egypt expects to spend 25 percent less than budgeted for on fuel subsidies this fiscal year due to a fall in crude oil prices, a top oil ministry official said, offering help to the government's effor...
Petchems Lift Saudi Arabia, Egypt Up
Egypt >> 11/20/2014 - Saudi Arabia's stock index edged up in early trade after oil prices appeared to stabilise, while Egypt's bourse continued to recover from a bout of profit-taking. ...
OPEC Remove Crude Pumping above the Agreed Target
Libya >> 11/19/2014 - OPEC will agree as a minimum step to remove crude from the market that it is pumping above the agreed target, a Libyan oil official said, to support prices that hit a four-year low. ...
Egypt to Host 2015 Oil & Gas Summit next February
Egypt >> 11/18/2014 - Egypt will host the 2015 Oil & Gas summit next February, where key operators and well-established international companies will gather to discuss Egypt’s upstream, midstream and downstream industry acc...
Algeria Expects in Amenas Gas Plant to Return to Normal
Algeria >> 11/11/2014 - Algeria's In Amenas gas plant is expected to return to full output capacity early next year following a 2013 attack by militants, Energy Minister Youcef Yousfi said on Tuesday. ...
Gazprom Neft Holds World’s Largest Student Oil & Gas Moot Competition
Russia >> 11/11/2014 - A total 5,200 students and graduates of 105 higher educational establishments from across 37 cities in Russia took part in the recent nationwide Gazprom Neft moot competition, testing their skills in ...
Rival Libyan Government Makes Move For Oil Power
Libya >> 11/10/2014 - Libya's political strife intensified on Monday as a rival government that has seized the capital stepped up its battle for power and legitimacy, taking control of a key oilfield, according to a securi...
Libyan Rebels Threaten to Declare Independence
Libya >> 11/7/2014 - Libyan rebels who have seized oil ports in the past to press their demand for regional autonomy said on Friday they would declare independence in the east if the world recognized a rival parliament, h...
Libyan Port Rebel Leader Refuses to Hand Over Oil Ports
Libya >> 11/1/2014 - A former Libyan rebel leader, who seized oil ports in the past to campaign for eastern autonomy, said he had turned down an offer to join an armed group challenging the internationally-recognized gove...
Libyan Oil Ports are Safe under Government Control
Libya >> 10/31/2014 - Libyan oil ports and fields are safe and under government control, the country's interior minister said after visting the eastern Brega port. ...
Galsi Gas Pipeline Situation "Not Encouraging"
Italy >> 10/30/2014 - Enel CEO Francesco Starace said that plans to build the proposed Galsi pipeline to bring Algerian gas to Italy are "not looking encouraging" after already suffering years of delay. ...
Sonatrach to Carry out First Offshore Drilling 2015
Algeria >> 10/30/2014 - The national hydrocarbon group SONATRACH will carry out first offshore drilling by the end of 2015, announced its interim CEO, Said Sahnoun, at the signing ceremony of contracts of the 4th invitations...
Algeria to Hold New Oil And Gas Auction within Weeks
Algeria >> 10/29/2014 - Algeria is preparing a new auction for foreign energy firms, an official said, after the North African country awarded four out of 31 oil and gas field blocks last month in the first attempt to lure i...
Eni CEO Attends Hearing with Prosecutors
Algeria >> 10/27/2014 - The chief executive of Eni , Claudio Descalzi, attended a hearing with Milan prosecutors on Monday over a corruption probe in Algeria involving the Italian oil and gas group, a spokesman for the group...
Cyprus Seeks to Profit from Algeria’s Gas Experience
Algeria >> 10/25/2014 - Cyprus seeks to profit from Algeria’s experience in the field of energy, notably gas, said in Algiers Cypriot Foreign Ministry Ioannis Kasoulides. ...
Somalia Aims to Get Oil Flowing by 2020
Somalia >> 10/20/2014 - Somalia aims to produce oil within six years, Petroleum Minister Daud Mohamed Omar said, as he announced plans to reassert control over a sector which has foundered since the outbreak of civil war in ...
Two Rival Governments Claim to Control Oil Policy
Libya >> 10/18/2014 - A self-styled rival government controlling Libya's capital announced its own oil policies this week, drawing a rebuttal from Prime Minister Abdullah al-Thinni who said oil revenues continued to go to ...
Unitization of the Polvo and Tubarao Martelo Fields
Brazil >> 10/16/2014 - HRT Participaçoes em Petroleo S.A., due to the statements made by Oleo e Gas Participaçoes S.A. – under Court-supervised Reorganization (“OGPar”), in article published in Valor Economico newspaper ent...
Cape Secures Project with BP
Norway >> 10/3/2014 - Cape plc, an international leader in the provision of critical industrial services to the energy and natural resources sectors, is pleased to announce the award of a contract with BP to supply its ser...
Algeria to Hold First Auction of Oil & Gas Fields
Algeria >> 9/30/2014 - Algeria will hold its first auction of oil and gas fields since 2011 as the OPEC member looks to offset flagging production and safeguard stable gas supply for Europe. ...

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