OIL & GAS WORLD MAGAZINE

Egypt government approves five oil and gas exploration deals

Egypt’s government has approved five oil and gas drilling and exploration agreements with foreign companies, Petroleum Minister Tarek al-Molla said on Wednesday. Once an energy exporter, Egypt has turned into a net importer because of declining oil and gas production and increasing consumption....
Iraq, oil companies agree to restart investment, boost output

Iraq has reached agreement with BP, Shell and Lukoil to restart stalled investment in oil fields the firms are developing, allowing projects that were halted this year to resume and crude production to increase in 2017, Iraqi oil officials said. The agreements, reached in July and August,...
Saudi Minister of Energy: Increasing demand for Saudi oil

Saudi Minister of Energy, Industry and Mineral Resources, Khalid bin Abdulaziz Al-Falih has stressed that the Kingdom of Saudi Arabia’s production of crude oil is witnessing high demand in most parts of the world. He noted, in an interview with to the Saudi Press Agency (SPA) that the Kingdom...
Russia energy minister says oil market talks with Saudi developing

The Russian energy minister said his country is consulting with Saudi Arabia and other producers to achieve oil market stability, though he added that a complete return of stability is only likely in 2017, Asharq al-Awsat newspaper reported on Monday. In an interview published by the Saudi-owned...
Rotterdam: Gate LNG throughput down 24% in H1

LNG throughput volumes at the Dutch Gate terminal dropped 24 percent in the first half of this year as compared to the same period a year before, according to data released by the Port of Rotterdam on Thursday. The throughput volumes (incoming and outgoing) fell to 861,000 tonnes of LNG, the data...

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Some BG Group office...

Royal Dutch Shell said Monday it was closing some of the offices in the United...

Gazprom gas deliveri...

Gazprom’s gas transports to European countries outside the Commonwealth of...

Total CEO: TOTAL wil...

Patrick Pouyanne the CEO of French oil and gas giant TOTAL said recently in a...

Wood Mackenzie: Indu...

Most companies are currently focused on surviving at US$30/bbl by cutting costs...

BP outlook: gas will...

BP outlook: gas will be the fastest growing fossil fuel UK-based oil and gas...

Egypt: Eni achieves ...

Italian Oil Company Eni declared some days ago the Mediterranean’s...

Schlumberger to acqu...

In an agreement unanimously approved by the boards of directors of both...

Eni makes important ...

Eni has made an important gas discovery in the Nooros exploration prospect,...

Egypt government approves five oil and gas explora...

Egypt’s government has approved five...
Iraq, oil companies agree to restart investment, b...

Iraq has reached agreement with BP,...
Saudi Minister of Energy: Increasing demand for Sa...

Saudi Minister of Energy, Industry and...

Many OPEC countries ...

Many OPEC countries have some of the world’s lowest production costs, which is a benefit in a low...

Abdalla Salem EL BADRI - Secretary General - OPEC
Christine Lagarde Ma...

Christine Lagarde Managing Director of IMF: IMF calls Arabian Gulf countries to impose taxes to...

Christine Lagarde Managing Director of IMF

Articles

Oil and Gas Situation in Kuwa...

Oil and Gas Situation in Kuwait Mohamad Hassan Salem Chairman/ Middle East Center for Energy...
Wood Mackenzie: Industry needs...

Most companies are currently focused on surviving at US$30/bbl by cutting costs and activity, but...
Deep water projects and the ra...

Before the decline in oil prices, there was a deep desire from exploration and production companies...