Oil | Egypt Oil & Gas - Part 42

Islamic State Attacks Forces Guarding Oil Port in Libya

Militants from the so-called Islamic State attacked forces guarding one of Libya’s main oil ports last Thursday with a gun assault and an attempted car bomb.

US Oil Rig Count Drops to 5-Year Low

Rig counts for US oil drilling dropped to 614 nationwide last week, the lowest level since 2010, Bloomberg

Former Nigerian Oil Minister Aprehended in UK

Relatives of the former Nigerian oil minister, Diezani Alison-Madueke, have confirmed that she had been apprehended in London

President Sisi to Cooperate on Energy With Cyprus

President Abdel Fattah El Sisi met with his Cypriot counterpart, Nicos Anastasiades, while in New York,

Nigeria’s President Says He Will Not Appoint an Oil Minister

The President of Nigeria, Muhammadu Buhari, will not appoint a new minister of Petroleum, stated

Oil and Renewables at Top of UAE-Japan Agenda

The United Arab Emirates is open to meeting any demand for oil from Japan, announced the UAE Minister of Economy Sultan bin Saeed al-Mansouri

Shell Starts Working Offshore Bulgaria

Royal Dutch Shell has been awarded a contract to explore for oil and gas in the Black Sea off the Bulgarian coast, Reuters

Mexico Changes Bid Round Approach

After disappointing results from its last action round, the Mexican government is sprucing up the terms of its new auction for oil and gas blocks off the coast,

BG Acquires New Stakes in Newfoundland

British-based BG announced their partial acquisition of three exploration blocks off the coast of Newfoundland, CBC

Shell Quits Arctic, Halts Drilling

In a surprise move, Royal Dutch Shell is abandoning its Arctic drilling plans, reported the BBC.

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