Oil | Egypt Oil & Gas - Part 55
Nuclear Deal with Iran May Pose Trouble for US Shale
The end of sanctions will allow Iran to attract investment in its massive oil and gas reserves, putting a long-term damper on prices.
Sanctions Will Cause Russian Oil Production to Drop in 2016: Fitch
Oil production in Russia will decrease in 2016 due to the economic sanctions imposed by the European Union and the United States, Fitch Ratings said in its forecast Tuesday.
Petrobras Board Member Criticises Brazil’s Oil Policy
Brazil's oil-exploration and local-content policies harm oil producer Petróleo Brasileiro SA and the nation as a whole, a government-appointed member of the state-run company's board said on Tuesday in a rare show of ...
Oil Tankers Reach East Libya Port
Two tankers have arrived at the eastern Libyan port of Hariga to lift 1.15 million barrels of crude, an oil official said on Sunday.
Angola’s Sonangol Plans $1 Billion on Cost Savings
Sonangol EP, the state-run oil company in Angola, is seeking $1 billion in cost savings by the end of the year to help cope with plunging crude prices.
Georgia Claims Russia Seizes Critical Oil Pipeline
Continuing its game of redrawing borders, Russia has grabbed a 1.5-kilometer-long slice of a critical oil export pipeline in Georgia for the separatist territory of South Ossetia, leaving Tbilisi, once again, calling ...
Foreign Firms Compete in Mexico’s First Oil Auction in Years
US, European and Asian energy firms will compete Wednesday in Mexico's first oil auction since a historic reform brought back private investors, nearly 80 years after they were kicked out.
Nigerian Oil Crisis Takes a Toll on Bureaucrats
It’s been five months since Johnson Umeadi and his wife, Adaku, received their salaries as government workers in southeastern Nigeria.
