drilling | Egypt Oil & Gas - Part 28
Major French Oil Company Total Reports Earnings; Drop in Profit
French oil major Total reported a smaller-than-expected 22 percent drop in first-quarter net profit on Tuesday, helped by rising refining margins and sharp growth in oil and gas production that partly offset lower cru...
Texas Investigates Wells Linked to Seismic Activity
The Railroad Commission of Texas has directed the Commission’s Hearings Division to initiate proceedings requiring the operators of two disposal wells in the area of Azle, Texas to show cause why the injection permits...
Brazil’s Petrobras on the Road to Recovery, but Challenges Remain
Petroleo Brasileiro SA’s new chief executive officer is close to overcoming his first major hurdle: getting auditors to approve financial results. His next big task will be figuring out how to generate the cash needed...
Ghana Not to Drill New Oil Wells in Disputed Area
Ghana can’t drill new oil wells in a disputed sea area with Ivory Coast, according to a special tribunal. The order may impact producers, including Tullow Oil Plc. Ghana and Ivory Coast “shall pursue cooperation and r...
BP to Start Investing in Egyptian Gas Project This Year Says CEO
British Petroleum (BP) will start investing in a gas project in Egypt’s Nile Delta this year, Sputnik News quoted Group CEO Robert Dudley as saying. “The investment will start this year, and will bring on new gas…it c...
Oil Service Giant Halliburton Beats Earnings Estimates
Halliburton Co. beat analysts’ estimates and accelerated the pace of job cuts ahead of a planned $34.6 billion takeover of Baker Hughes Inc. Excluding certain items, the world’s second-biggest provider of oilfield ser...
Brazil’s Petrobras Floundering
Buried off the coast of Brazil, beneath miles of seawater, rock and salt, lie vast oil reserves—at least 50 billion barrels—that were supposed to yield untold riches for this nation. But, as so often happens in Brazil...
Mexican Energy Sector Opens up for Geology Data Firms
The opening of Mexico’s energy sector to private and foreign companies is drawing dozens of geological-data firms that plan to crisscross the Gulf of Mexico and onshore areas in search petroleum riches that went undis...
