Oil Prices | Egypt Oil & Gas - Part 35
Aramco: $1 Trillion Worth of Global Oil Projects Could be Cancelled
The steep fall in energy prices will hit investment in oil and gas projects worldwide and the industry may cancel about $1 trillion of planned projects globally in the next couple of years
BP, Chevron, Total, Shell Up for Planned Kuwait Tender
Kuwait Oil Company (KOC) plans to tender this year for oilfield enhanced technical service agreements
Oil Prices Strain Gulf Arab Budgets, Retard Growth
Experts say a majority of key oil exporting Arab countries could face a budget deficit of at least $122 billion in 2015 as the result of the falling oil prices.
Iraq Selling Crude to Asia Below Middle East Benchmark
Iraq narrowed the discount for April crude deliveries to Asian buyers by the most since November 2011, joining other Middle East producers in raising official selling prices amid signs demand is improving.
Kuwait: Shale Oil Decline Ups Prices, Near Future Still Uncertain
A drop in shale oil production has triggered a rebound of global oil prices, but prices will not rise sharply as long as the world's economy stays sluggish, Kuwaiti Oil Minister Ali Al-Omair was quoted as saying
Oil Prices Shift Gulf Arab States to Tech Start-Ups
The U.A.E.’s leadership declared 2015 the “year of innovation,” reflecting aspirations of the Gulf Arab nations to diversify away from oil.
Bahrain to Use MEOS Conference as Platform for Sustainable Energy
Massive projects currently underway will take Bahrain towards sustainable energy security, Energy Minister Dr Abdulhussain Mirza has said.
Kurdish Government Still Owes Genel $233 million
Genel Energy, one of the main oil producers in Iraqi Kurdistan, said it is still owed $233 million for oil it sold to the Kurdistan Regional Government (KRG) but is hopeful stable payments will start this year.
