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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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US oil production to decline by June- Report

US oil production to decline by June- Report

Count of US oil rigs in use this month dropped by 18%
 
Saudi Aramco to renegotiate contracts

Saudi Aramco to renegotiate contracts

Projects may be postponed due to falling oil prices
 
Oil and gas hiring in UAE drops 30%- survey

Oil and gas hiring in UAE drops 30%- survey

Recruiting for onsite engineering and management jobs down 5%
 
Syria cuts fuel subsidy to beat black market trade

Syria cuts fuel subsidy to beat black market trade

Syria's refineries now functioning at just 10% of their capacity
 

 

Sliding oil prices prompt Iraqi budget rethink

Sliding oil prices prompt Iraqi budget rethink

Budget now assumes an average price of $55 per barrel in 2015
 
Kuwait's crude exports to China surge

Kuwait's crude exports to China surge

December figure was the highest in 2014, says government
 
Qatar Petroleum to absorb investment unit

Qatar Petroleum to absorb investment unit

Move seen as response to falling oil prices
 
KBC: Oil will average $55 per barrel in 2015

KBC: Oil will average $55 per barrel in 2015

Moderate gains expected in 2016 as demand starts to ramp up.
 
Oil prices will recover mid-year says UAE minister

Oil prices will recover mid-year says UAE minister

Prices to increase as major economies recover
 
ENI strikes oil in western Egypt

ENI strikes oil in western Egypt

Initial well is producing 2,100 barrels per day.
 
Egypt awards $2.2bn LNG tender

Egypt awards $2.2bn LNG tender

Four international firms will make 75 deliveries of LNG
 
Oman's reserves to start declining in 2015- report

Oman's reserves to start declining in 2015- report

Crude output will peak in 2017, while total production could deplete by 2020
 
New Saudi King won't change oil policy

New Saudi King won't change oil policy

King Salman ascended to the throne on Friday following his brother's death
 
Yemen declares force majeure on LNG plant

Yemen declares force majeure on LNG plant

Government gave instructions not to shut down plant but to prepare to lower production
 
Saudi-Bahrain pipeline contracts up for grabs

Saudi-Bahrain pipeline contracts up for grabs

Contracts for construction of $350 project to be awarded by Q2, 2015
 




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