The European Union banned imports of oil from Iran on Monday and imposed a number of other economic sanctions, joining the United States in a new round of measures aimed at deflecting Tehran’s nuclear developmen...
Wintershall has now restarted oil production in the Libyan Desert again in concessions 96 and 97. The company had suspended and sealed off production operations in the eight onshore oil fields around 1,000 kilometers ...
“The final draft for the modified natural gas prices is near completion. The new prices will significantly aid Egypt in securing its needed quota of natural gas,” answered Eng. Abdallah Ghorab, Egyptian Minister of Pe...
Apache Corporation reported results from two new wells in Egypt’s Western Desert that signal continued drilling success in the Faghur Basin and on concessions acquired in 2010. A production test of the Cretaceou...
Turkey intends to cooperate with Egypt in searching for natural gas in the Mediterranean, given the latter’s experience in deep-water drilling, Turkish Energy Minister Taner Yıldız says on an official visit to E...
Saudi Arabia pumped the most oil in 30 years last month as it boosted production along with other members of the Organisation of Petroleum Exporting Countries’ (Opec) including Nigeria, Angola, Iraq, Kuwait and ...
The Egyptian Prime Minister HE Essam Sharaf and Eni CEO Paolo Scaroni met in Cairo confirming the commitment of Eni to Egypt, following the recent agreements. The new activities will take place in the Western Desert, ...
South Sudan plans to build a link to a pipeline in Kenya to export its oil after breaking away from the north, a minister said on Wednesday. The south will control 75 percent of the African country’s 500,000 bar...
A move last week by the US and other member countries of the Paris-based International Energy Agency (IEA) to release 60 million barrels of crude oil from their strategic petroleum reserves is going to bring internati...
Major oil cartel OPEC may consider increasing output for the first time in 4 years to ease prices and lessen the drag of high energy costs on global economic growth. According to a prominent member of the Organization...