Features | Egypt Oil & Gas - Part 177

Optimism despite the economic collapse

Despite the status of worries and anxieties dominating the rig market and postulations of how far would the global economic crisis affect the industry, most of the key petroleum players have kept their 2009 plans una ...

What the current economic crisis holds in store for the rig market

With the fall of crude oil prices to below $40 a barrel, the future of the international rig market does not seem bright

Rig production to increase in 2009

In the shadow of the current global economic collapse, rumors and concerns spread in every corner stating that the E&P operations in Egypt are to decline and that recent demands for rigs have been cancelled. Eng. Moh ...

Gangs of Somali pirates!

Regardless the poverty, lawlessness, chaos and desperation dominating Somalia, a highly organized, lucrative, ransom-driven business, piracy, has been formed, imposing its threats on one of the world’s main marine ro ...

Decline in OPEC’s power

Despite the oil producers' cartel OPEC has agreed to make a record cut in output, oil prices continue to fall

By law, no more gas to Israel

The historic court rule to overrule the controversial 20-year deal on gas exports to Israel has generated a wave of public satisfaction and increased concerns about the efficiency of strategies and pricing systems of ...

Monthly News

News of the month, know more about the recent activities this industry has shown during September 2008.

Echo of Collapse

Since the globalization ideology has been adopted, the whole world has turned into one small village; connected in every aspect of life, whether socially, politically, economically...etc. therefore, if a disaster in ...

Flow rate high at Suez Gemsa

Britain-based Circle Oil and Premier Oil have struck oil and natural gas in their onshore North West Gemsa Concession in Egypt

Back to Iraq

After years of Egyptian absence from Iraq, Egypt sent its foreign minister Ahmed Abul-Gheit to Iraq for the first time in nearly two decades in a sign of a growing Arab acceptance of the country’s Shiite-led governme ...

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