Oil | Egypt Oil & Gas - Part 59
US Judge Refuses to Dismiss Decade-Old Oil Leak Case
A federal judge refused on Tuesday to dismiss a lawsuit that environmental groups filed against a New Orleans-based company responsible for a decade-old oil leak in the Gulf of Mexico. U.S. District Judge Susie Morgan...
Lawmakers to Probe Federal Agency’s Oversight of US Pipelines After Oil Spill
Lawmakers are set to probe a federal agency’s oversight of U.S. pipelines after a crude spill near the southern California coast highlighted the government’s delays implementing congressionally mandated safeguards. Th...
Oman Bolstering Oil Profits Through Subsidy Reforms
Oman revenues from oil amounted to 1.7 billion Omani riyals (Dh16.21 billion) during the first quarter of this year, according to the latest government financial figures. The figures revealed a drop in net oil revenue...
Buhari Denies Oil Savings Account Is Depleted
Nigerian President Muhammadu Buhari denied that the oil savings account will be depleted to pay government debts, including civil servants’ salaries. The government will use a $2.1 billion dividend paid into the Treas...
2 Workers Die at Brazilian Oil Terminal Run by Petrobras
Two workers died at a construction project at a Brazilian oil terminal operated by state-run Petrobras on Tuesday, adding to a string of fatal and life-threatening accidents, a union representing oil workers said in a...
UK Industrial Production Gets Boost from Oil and Gas Output
A rise in oil and gas output boosted UK industrial production in May, official figures show, but manufacturing output continued to fall. Industrial production rose 0.4% in May, helped by a 7.3% rise in oil and gas out...
Buhari Advised to Overhaul Nigerian Oil Sector
Advisors to Nigerian President Muhammadu Buhari have recommended a root and branch overhaul of Africa’s biggest oil industry and increased borrowing to help pay off $20 billion of government arrears, a reform pr...
China Opens 6 Oil-And-Gas Blocks to Private Companies
China’s government is offering private companies the rights to explore six oil-and-gas blocks in a small step toward opening the nation’s energy resources to private investment. The Ministry of Land and Resources said...
