gas | Egypt Oil & Gas - Part 45
Oil Prices Rally on News of Declining US Shale Production, OPEC Meeting
Global oil prices rose in mid August amid news of declining US shale oil production, and rumors of an emergency OPEC meeting, The Wall Street Journal reported.
Mexican Oil and Gas Plays Struggle to Attract Investment
A full two years after Mexico was opened up to competition with Pemex, the state is struggling to attract investment, said Offshore Engineer in a recent report.
US Treasury Adds Russian Gazprom field to Sanctions List
The US Treasury Department added a field operated by Gazprom to its list of targeted economic sanctions,
EU Gas Imports from Russia Rise Even as Demand for the Fuel Falls
Europe is increasing imports of Russian gas even as demand on the continent is falling, reported Reuters.
Algerian Inducements for Petroleum and Shale Investments, Legal Reforms on Books
According to a US Energy International Administration press release the Algerian government is amending its foreign investment laws in hydrocarbons to attract investment and technology.
Israel Still Struggling to Produce Gas from Mediterranean
Despite promising signs, Israel is still struggling to produce large amounts of natural gas from its Mediterranean fields, says Reuters.
Petroleum Sector Imports Projected at $16m for Current Fiscal Year
Egypt expects to import 28.6 million tons of crude oil, liquefied natural gas (LNG) and other oil products worth a total of almost $16 billion in 2015-16, the planning ministry said.
Contractor Awarded $500m by BP and DEA for North Alexandria
Subsea 7 S.A. today announced the award of a contract with a value of approximately USD 500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt.
