Justices let stand a lower court ruling that said the owners of the blown-out Macondo well could not avoid federal fines for the spill by blaming another company's failed equipment.
Sidi Kerir Petrochemicals Co “Sidpec” Chariman Ahmed Helmy, said that five local banks offered to finance the 200 thousand tons capacity per year ethylene production project, with $ 600 million investments.
Egypt has been facing a continuous dwindling in natural gas production since 2012, which led the government to import liquefied gas shipments to fill its needs.
Heavy investment in LNG facilities over the last 20 years and a vast ramp-up in production has made Qatar the world’s largest LNG exporter, driving the establishment of a global LNG market.
Iran says it needs $100 billion of investment in its gas industry as updated BP data put the energy superpower’s reserves above those of Russia as the world’s largest.
The U.S. has taken Russia’s crown as the biggest oil and natural-gas producer in a demonstration of the seismic shifts in the world energy landscape emanating from America’s shale fields.
European oil majors are for the first time openly declaring interest in Iran in anticipation of a possible end to sanctions against the country over its nuclear program.