Oil | Egypt Oil & Gas - Part 56

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.

Chinese Crude Imports Rebound

China’s crude imports rebounded last month to near a record as the world’s second-largest oil consumer began filling tanks at a new strategic petroleum reserve site.

Russia May Bailout Greece on Energy Needs

According to a report in Russian state-run media outlet Sputnik News, Russia is nearing an agreement to make "direct deliveries" of energy to Greece.

Indonesia Seeking to Rejoin OPEC

Indonesia is seeking to rejoin OPEC to get access to cheaper oil supplies as demand soars and domestic production falls, but critics say the move is an unwelcome distraction from efforts to overhaul the country's tro ...

Page 56 of 101

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