Tag Archive

Nostra Terra Agrees to acquire a further 25% of East Ghazalat

Nostra Terra Agrees to acquire a further 25% of East Ghazalat

June 15, 2017 No Comments

Nostra Terra (AIM:NTOG), the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, announces that on 14 June 2017 it reached agreement with Echo Energy plc (“Echo”) to acquire Echo’s 50% stake in Independent Resources Egypt Limited (“IRE”) (“the Acquisition”). IRE owns a 50% non-operating interest in […]

Six nations cut diplomatic ties with Qatar over claims it’s backing ISIS and al-Qaeda

Six nations cut diplomatic ties with Qatar over claims it’s backing ISIS and al-Qaeda

June 5, 2017 No Comments

The Command of the Arab Coalition in Support of the Legitimacy in Yemen has ended Qatar’s participation in the coalition. The coalition announced that it has decided to end the participation of the State of Qatar in the coalition due to its practices that enhance terrorism and support terrorist organizations in Yemen including Al-Qaeda and […]

BP announces start of production from Quad 204 project, west of Shetland

BP announces start of production from Quad 204 project, west of Shetland

May 22, 2017 No Comments

BP, on behalf of co-venturers Shell and Siccar Point Energy, is pleased to announce first oil from the redeveloped Schiehallion Area, following completion of the multi-billion-pound Quad 204 project in the west of Shetland region, offshore UK. Schiehallion and the adjacent Loyal fields were first developed in the mid-1990s and have produced nearly 400 million […]

DEA’s growth Boosted by First gas from West Nile Delta

DEA’s growth Boosted by First gas from West Nile Delta

May 10, 2017 No Comments

Production from the offshore WND gas fields commenced on 24 March 2017 from the first two fields, Taurus and Libra. Nine wells have now been commissioned and the fields are currently producing at a flow rate of more than 700 million cubic feet of gas per day. “West Nile Delta is the largest new gas […]

SDX Energy reports Gas discovery

SDX Energy reports Gas discovery

April 18, 2017 No Comments

SDX Energy Inc. (TSXV, AIM: SDX) (“SDX”), the North Africa focused oil and gas company, announces that drilling on the carried SD-1X well at its South Disouq concession, where it holds a 55% equity interest and is operator in the Nile Delta area of Egypt has reached its first target depth. The SD-1X well is […]

Oil Business News To 10th April 2017

Oil Business News To 10th April 2017

April 10, 2017 No Comments

The price of OPEC basket of thirteen crudes stood at $52.91 a barrel on Friday, 7 April 2017, compared with $51.82 the previous day, according to OPEC Secretariat calculations The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light (Gabon), Iran Heavy (Islamic […]

Amec Foster Wheeler wins BP global engineering services framework contract

Amec Foster Wheeler wins BP global engineering services framework contract

April 7, 2017 No Comments

Amec Foster Wheeler announced that it has been awarded a global framework contract by BP International to provide engineering, procurement support and project management services for pre-FEED (front end engineering and design) and FEED work across a range of projects. The award will allow Amec Foster Wheeler to use its deep experience and culture of […]

Total Introduces Natural Gas Fuel for Trucks and Transporters in France

Total Introduces Natural Gas Fuel for Trucks and Transporters in France

April 6, 2017 No Comments

Total yesterday officially inaugurated its first natural gas fueling station in France, in Nantes. Natural gas fuel is an alternative fuel primarily used by trucks and transporters of materials or goods, such as garbage trucks, and passengers, such as buses. Another 15 stations will be opened this year, followed by an additional 10 a year. […]

BP announce its third gas discovery in East Nile Delta, Egypt

BP announce its third gas discovery in East Nile Delta, Egypt

April 3, 2017 No Comments

BP announced another gas discovery in the North Damietta Offshore Concession in the East Nile Delta, Egypt. The Qattameya Shallow-1 exploration well was drilled to a total depth of 1,961 metres in water depth of approximately 108 metres using the El Qaher II jack-up rig. The wireline logs, pressure data and fluid samples confirmed the […]

BP’s third gas discovery in North Damietta Concession

BP’s third gas discovery in North Damietta Concession

March 27, 2017 No Comments

BP announced another gas discovery in the North Damietta Offshore Concession in the East Nile Delta, Egypt. The Qattameya Shallow-1 exploration well was drilled to a total depth of 1,961 metres in water depth of approximately 108 metres using the El Qaher II jack-up rig. The wireline logs, pressure data and fluid samples confirmed the […]

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