Oil | Egypt Oil & Gas - Part 54

SouthAfrican Refineries Wary of Iran Crude Imports

South Africa's four crude oil refineries are holding off any resumption of imports from Iran, where sanctions are yet to unravel fully following a nuclear deal between Tehran and the West, operators said on Wednesday.

Environmental Groups Protest Oil Searching in Florida Wetlands

Renewed hunts for oil in sensitive Florida ecosystems have environmental groups raising questions about the state's regulation of the oil and gas industry.

Shell Icebreaker Takes on Repairs in US State of Oregon

Environmental activists in Portland are protesting the arrival of the Fennica, a vessel that Royal Dutch Shell PLC plans to use in its Arctic offshore drilling project after it's repaired.

Algeria Cuts Spending, Energy Revenues Falls

Algeria will trim spending in its 2015 budget by 1.35 percent, expecting a slump in oil prices to reduce its energy earnings 50 percent, the government said on Thursday.

Mexico’s PEMEX Missing Nearly 3m Barrels of Oil

Petroleos Mexicanos seems to have misplaced 2.7 million barrels of oil. Since a deadly blast on April 1 tore through one of its offshore platforms, the state oil giant has baffled industry analysts with its assess ...

Sherif Ismail Signs Update to Eni Agreement

Egypt and Eni on Friday signed an update to the head of agreement reached in March, following the recent discovery of gas reserves of up to 15 billion cubic meters in Egypt's Nile Delta region.

Egypt to Pay Part of Its Dues to Foreign Companies by End of 2015

The Egyptian General Petroleum Corporation aims to repay part of its debt to foreign companies operating in Egypt by the end of the year, said Tariq al-Mulla, chairman of the authority.

Guyana Searches for Alternatives to Venezuelan Oil

Guyana is considering energy alternatives to the Petrocaribe program as Venezuela fails to meet export quotas and tensions flare between the neighboring countries.

Tankers Become Top Option for Moving Caspian Sea Oil

Since the 1991 collapse of the USSR, the Caspian basin has come surging into the global oil and natural gas market. The U.S. government’s Energy Information Administration estimates that the Caspian could contain as ...

Iran Targets Pre-Sanction Levels and South Asian Market

The National Iranian Oil Company (NIOC) is set to increase production from all oilfields this year and can reach its pre-sanctions output capacity of 4 million b/d if there is sufficient market demand

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