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Oman has penned two agreements granting Oman Occidental, a unit of state-run Oman Oil Co, the rights to explore for oil and gas in concessions 51 and 65. The announcement by the Gulf country’s oil ministry on Twitter says the Read more
Kuwait Foreign Petroleum Exploration Company (Kufpec) Tuesday announced it reached agreement with five international banks for $1.1-billion loan earmarked for the expansion of oil and gas operations. According the company’s CEO Sheikh Nawaf al-Sabah, with the financial support, the Kupec Read more
Sound Energy, the Moroccan focused upstream gas company, said it is de-risking the development of existing discovery and finalizing preparations for the exploration drill program in the company’s Tendrara-Lakbir permit, Eastern Morocco. “I am delighted to report that Sound Energy Read more
British Petroleum (BP) Oman has charged Petrofac to carry ‘development of a central processing facility (CPF) at the Khazzan Phase Two (Ghazeer) gas development with a contract estimated at $800 million. The contract is the second received by the oilfield Read more
Algeria’s energy minister, Nourredine Boutarfa, met with European Union’s Climate and Energy Commissioner Miguel Arias Canete in Brussels to discuss energy matters with the latter assuring that Europe “will remain the main customer for Algeria” even though most long-term gas Read more
BP, oil and gas giant multinational, announced that it has signed a $916 billion joint agreement with US explorer Kosmos Energy to drill for gas offshore Mauritania and Senegal. Under this agreement, BP will acquire 62% interest in Kosmos explorations Read more
The lower Algerian parliament has approved the budget bill for 2017 but members of the opposition party boycotted the vote with some branding posters reading “Starving the people” and “Undermining the social nature of the state” to protest against the Read more
UN energy expert Gille Bonafi has called the European Union (EU) to lean on Algeria for its energy supply as the North African country can become a world’s leading energy producer given its untold solar energy potential. Speaking in Algiers, Read more
British Sound Energy has announced a gas discovery on its Tendrara licence onshore northeast Morocco and plans to drill two more wells there this year. Its TE-6 well achieved a stabilized gas flow rate, post stimulation, of 17m standard cubic Read more
Saudi Arabia will embark on a broad reform plan meant to diversify the country’s economy beyond dependence on oil exports, state media reported on Monday. The plan, known as Saudi Arabia’s Vision 2030, was approved Monday by the Saudi cabinet. Read more