News / Egypt

Gas prices change slightly despite unrest in Egypt

Investors were concerned protests in Egypt would disrupt oil transportation along the Suez Canal, which transports between one to two million barrels of oil a day. Despite concerns, the Suez Canal remains unaffected by the protests and did not cause the price of oil to increase.

Oil up on persistent unrest in Egypt; positive US

U.S. crude futures edged above $89.05 a barrel, recovering from a near 2 percent drop in the previous session, supported by the political crisis in Egypt and a drop in the U.S. unemployment rate to a 21-month low.

Egypt Unrest Could Trigger Oil Price Hike

Crude oil prices have risen over, recovering much of the loss the commodity suffered during the financial crisis.

Amid Egypt crisis, India worries over oil bill

India's oil import bill will be a matter of concern if oil prices shoot up further, Finance Minister Pranab Mukherjee said.

Groundstar Resources provides update on Egyptian operations

Groundstar Resource Limited provides the following update regarding its operations in Egypt. Recent political demonstrations have been restricted to major cities more than 500 kilometers from the Company's drilling locations, which are located in remote locations in the western desert. Company field operations in the West Kom Ombo block in Upper Egypt have not been impacted.

Egypt Engineer For Baker Hughes Missing After Protest – Family

An Egyptian employee of U.S. oil services giant Baker Hughes Inc. has been missing for more than 10 days since taking part in anti-government protests, his family told AFP Tuesday.

PetroGulf: operations are not affected

PetroGulf Company wrapped up its maintenance operations for four wells through the conduction of advanced technical study.

Gas pipeline to Jordan set ablaze in Egypt

A pipeline that sends natural gas to Jordan was set on fire in the Egyptian Sinai town of El Arish, and the suspected act of sabotage has forced its temporary closing, officials said.

Abu Qir: a new compressor for more production

Abu Qir Petroleum Company finalized the installation of a new gas compressor with a capacity of 350 million cubic feet per day.

East West Petroleum: Burg El Arab Operations Remain Unaffected

East West Petroleum has been informed by its partner Kuwait Energy, the operator of the Burg El Arab (BEA) concession, that the operations remain unaffected by the recent events in Egypt. Kuwait Energy, as operator, continues to monitor the situation closely.

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