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|18 Mar 18
||UAE: ADNOC awards Total participating interests in two new 40-year offshore concessions on Umm Shaif & Nasr and Lower Zakum
Total has signed two new 40-year concession agreements with the Abu Dhabi National Oil Company (ADNOC). Total has been granted a 20 per cent participating interest in the new Umm Shaif & Nasr concession and 5 per cent in the Lower Zakum concession for a total participation fee of 1.45 billion dollars
|16 Mar 18
||Egypt: BP seeking buyers for stake in Egyptian business
BP is reported to be seeking buyers for its stake in Gulf of Suez Oil Company (GUPCO), a joint venture with the Egyptian General Petroleum Corporation (EGPC) that was set up in the 1960s, as it focuses on newer deepwater gas fields off the country’s Mediterranean coast.