Israel Invites Oil Majors Following Nationwide Anti-Monopoly Protests

• Wednesday, 11th November 2015
• by Egypt Oil & Gas

Israel is inviting international oil companies to further explore its offshore waters for natural gas, Israel’s Minister of National Infrastructure, Energy and Water Resources Yuval Steinitz announced on Tuesday Novem...

Saudi Arabia Adamant Over Oil Prices, Despite Omani Complaints

• Tuesday, 10th November 2015
• by Egypt Oil & Gas

Saudi Aramco’s Chairman Khalid al-Falih said on Sunday that the company has no plans to cut oil production and he foresees the oil market rebalancing in 2016, reported Reuters. “The only thing to do now is...

Shale and Oil Majors Feel Pinch of Oil Prices, Say Analysts

• Monday, 27th April 2015
• by Egypt Oil & Gas

Oil majors may need deeper cuts to oil and gas exploration and production spending as they grapple with an extended period of low crude prices. The industry is expected to reveal another set of grim earnings for the f...