Tag: companies
-
The Libyan Oil Minister reveals his position on the Eni deal and the return of international companies
Libyan Oil Minister Mohamed Aoun highlighted the necessity of exploiting the country’s huge oil and gas reserves, noting that his country’s government had allocated $17 billion in investments to advance the oil and gas sector, while confirming that he did not oppose the return of international oil companies to exploration and exploration work in the…
-
The Sultanate of Oman invites Chinese companies to invest in oil and hydrogen production
The Sultanate of Oman is preparing to enhance opportunities for cooperation and economic partnership in the energy and mineral sectors with China, especially in the field of oil production. An Omani delegation visiting Beijing is currently discussing opportunities to increase the participation of Chinese companies in production, exploration and refining operations, as well as investing…
-
Oil and gas exploration in Somalia lures major international companies
Oil and gas exploration in Somalia has become the focus of international oil companies again, in light of the search for alternative supplies following the Russian war in Ukraine. The Russian invasion has sparked discussions about energy security in Africa, and major discoveries of oil and gas in Mozambique, Tanzania and Uganda have whetted investor…
-
Kazakhstan is suing major oil companies for more than $16 billion
Kazakhstan has chosen to resort to legal methods to extract what it sees as its legitimate material rights with a group of major oil companies, led by Eni, Shell and Total Energy, among many others. Kashagan and Karachaganak, two of the largest oil fields in the Central Asian country, are at the heart of the…
-
Stocks of international oil companies rise, supported by OPEC + cuts
Shares of major oil companies jumped during trading today, Monday, April 3, with the support of the voluntary production cuts announced by 9 OPEC+ countries, led by Saudi Arabia. The 9 countries announced voluntary cuts of more than 1.66 million barrels per day, starting next May, as a precautionary measure aimed at supporting the stability…
-
Australia passes landmark law to reduce fossil fuel companies’ emissions
It seems that the dream of passing a law to reduce the emissions of major fossil fuel companies in Australia has finally come true, after long discussions between the government and MPs, with the aim of controlling pollution from major industrial sites. Parliament succeeded in ratifying the most important law to reduce emissions in Australia…
-
Shares of major oil companies rise, led by Saudi Aramco
Shares of major oil companies received a significant boost during trading today, Tuesday, March 21, after a number of central banks revealed their intention to inject liquidity into the market to support the banking system. And the stocks of energy companies in the Asian, European and American markets reaped gains again, in conjunction with the…
-
Oil and gas exploration in Egypt is actively boosted by 6 international companies
The oil and gas exploration sector in Egypt witnessed intense activity today, Thursday, March 9, during the participation of Minister of Petroleum and Mineral Resources Eng. Tarek El-Molla, in the Cerawick International Energy Conference in Houston, USA. On the sidelines of the conference, Al-Mulla held meetings with leaders of 6 international oil and gas companies…
-
US oil and gas companies are competing for the first exploration round in the Gulf of Mexico since 2021
US oil and gas companies are preparing to compete for contracts for the first exploration round in the Gulf of Mexico to be approved by President Joe Biden, after the tours stopped since 2021. The US Department of the Interior has completed the necessary arrangements for holding the new auction to purchase exploration rights in…
-
Putting energy companies on the Egyptian Stock Exchange.. Will it save the economy? (article)
At the outset, and before talking about listing energy companies on the Egyptian Stock Exchange, I would like to point out the extreme importance of the stock exchange, as it is a major indicator of the state of the economy, and the greater the supply thereof, the greater the volume of trading and the growth…
