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Egypt pays $350mn to BG Group Dana Gas will invest $270mn in Egypt's main gasfield after receiving payments back.

Egypt pays $350mn to BG Group

The amount has been given as part of a deal to repay Egypt's dept

 •   Egypt seeks $1.5bn loan to repay oil and gas debts
 •   BP Egypt starts drilling Atoll-1 well
 •   Egypt's top refinery hopes to start exporting


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Kuwait says oil price will pick up in Q2, 2015

Kuwait says oil price will pick up in Q2, 2015

1.8mn barrels a day surplus primary reason for the fall in oil price
 
Syrian delegation visits Tehran for oil talks

Syrian delegation visits Tehran for oil talks

Iran will continue to supply oil to Syria
 
Peak Well launches new test facilities

Peak Well launches new test facilities

Facilities open in Aberdeen, UK and Perth, Australia
 
Al Jaber Energy Services wins $125mn contract

Al Jaber Energy Services wins $125mn contract

Contract is second deal with Petrofac for offshore work
 

 

Technip rules out CGG bid after talks fail

Technip rules out CGG bid after talks fail

In November CGG declined a $1.82bn takeover offer from Technip
 
Kurdistan fails to pay Dana Gas $100mn

Kurdistan fails to pay Dana Gas $100mn

Payment due for breach of contracts
 
OPEC will not change output even at $40 a barrel

OPEC will not change output even at $40 a barrel

OPEC energy minister said OPEC production will stay the same even if oil drops to $40 a barrel
 
South Korea increases imports of Iranian oil

South Korea increases imports of Iranian oil

Iran's total exports still within acceptable levels under the terms of international sanctions
 
Libyan oil ports close amid renewed violence

Libyan oil ports close amid renewed violence

Two rival governments clashed over main eastern oil ports and Tunisian border
 
Petrojet bags $143mn in Iraq contracts

Petrojet bags $143mn in Iraq contracts

Work to be done on Iraq gas facilities as part of two major deals
 
ADCO awards Tecnimont SpA $2.3bn contract

ADCO awards Tecnimont SpA $2.3bn contract

The contract is for the Al Dabbiya Surface Facilities Phase III project in Abu Dhabi
 
OPEC powerless to halt oil slump

OPEC powerless to halt oil slump

Former president says Organisation of the Petroleum Exporting Countries needs help from producers outside the cartel
 
Egypt to boost refining capacity

Egypt to boost refining capacity

Oil minister announced plans for daily production Capacity of 85,000 tonnes by end of 2020
 
PetroTel to make major investment in Oman oil

PetroTel to make major investment in Oman oil

US independent firm will invest in its offshore and onshore concessions in the Sultanate
 
Qatar value proposition could solve talent crisis

Qatar value proposition could solve talent crisis

Experts say companies should make it work like an employee value proposition
 




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