U.S. shale oil production is expected to fall by above 600,000b/d in January as oil prices remain slashed to seven-year low, according to a U.S. government forecast.
Tarek El-Molla, Minister of Petroleum and Mineral Resources, signed two new agreements for oil and gas exploration in the Gulf of Suez and Western Desert. The first agreement is for the Haliph area in the Western Des ...
Italian energy company ENI ponders cancellation of its long-term gas contracts with Algeria, Russia, and Norway due to suffered losses of hundreds of millions of Euros, and the impasse at the Turkish Stream gas pipeline.
The Egyptian General Petroleum Corporation Chairman Mohammed Al-Masry told Egypt Oil & Gas that EGPC agreed totally with the head of Italy’s Eni that the Zohr giant gas field needed to enter into production to help b ...
In an international arbitration case between the Kurdistan Regional Government in Iraq and a consortium led by UAE-based Dana Gas, a London court has ruled the KRG to pay $1.98b in damages to the consortium.
During a press conference in South Sinai, Minister of Petroleum and Mineral Resources, Tarek El Molla, said that a new gas market regulation authority will be launched by the middle of 2016, concerned only with regul ...