Oil and natural gas have been among Egypt’s profitable resources for years. The North African country started by tapping fields on land rather than those in its territorial waters. Now, these onshore wells are sta ...
The petroleum market dynamics have exhibited commodity price turbulence over the past few years. The 2014 oil-prices downturn allowed oil-importing countries to lower their expenses and fiscal deficits, while expo ...
Between the 1940’s and the 1970’s, the average annual price of oil fluctuated within a 6.5% band, but from the 1980’s until the last few years, the variation leapt to almost 11 times that amount. A range of factor ...
In late July, Baker Hughes, a GE company (BHGE), met Egypt’s oil minister Tarek El Molla to discuss the launch of the country’s first national data bank for the oil and gas sector. The Upstream Gateway Project rep ...
When, in July 2017, Total purchased a controlling stake in phase 11 of Iran’s South Pars natural gas field - projected to produce around 2 billion cubic feet per day (cf/d) - it seemed almost inconceivable that th ...
Libya possesses the largest proven oil reserves in Africa and the ninth biggest reserves worldwide with an estimate reserves of 47.1 billion barrels. The country used to be a main oil exporter to Europe for decade ...
In 2001, Venezuela was the richest country in South America, as stated by the World Economic Forum. The country’s economic position in the region was closely tied to its oil reserves, which - to this day - are the ...
The British Egyptian Business Association (BEBA) held a dinner on July 9 in honor of the Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla. The event, that took place at the Intercontinental Hot ...
The Hamburg-based DEA Deutsche Erdoel AG, which is currently investing $500 million on its facilities in Egypt, has announced in July that it will double its production in the country in the coming couple of years ...
The biggest lottery prize of 2018? A contender is the windfall oil and gas companies find drops into their bank account.
