Oil | Egypt Oil & Gas - Part 62
Exxon to Continue Search for Guyana Oil Despite Venezuela’s Disputes
Exxon Mobil Corporation (NYSE:XOM) recently discovered oil off Guyana’s coast but the country is involved in a land dispute with Venezuela, which can potentially disrupt the oil major’s exploration activities.
Liberia President Vows Reform of State Oil Company
Liberian President Ellen Johnson Sirleaf has promised a management shake-up at the national oil company, which is on the verge of bankruptcy after failed attempts to lease four offshore oil blocks last year, Front Pa ...
Baker Hughes Claims Decline in US Weekly Oil Rig Count
Energy firms pulled three rigs from U.S. oil fields this week, the smallest drop in five weeks, data showed on Friday, a sign the collapse in drilling is coming to an end as crude prices recovered after falling 60 pe ...
Nigerian President Dissolves Board of NNPC
Nigeria's new President Muhammadu Buhari dissolved the board of the state-owned oil company on Friday as a first step in cleaning up the sector in Africa's biggest crude producer.
Shell Egypt Executive Outlines Production Plans for Gas, Oil and Shale
Egypt has been facing a continuous dwindling in natural gas production since 2012, which led the government to import liquefied gas shipments to fill its needs.
Nigeria Crude Differential Hits 10-year Low
Official prices for Nigerian crude have hit their lowest in at least a decade as a nagging oversupply of physical oil takes its toll.
Saudi Refineries Eat Away at Crude Export Figures
Saudi Arabia’s April crude exports fell by 161,000 b/d as domestic refiners processed more crude, official data showed.
Libya May Double Oil Output Due to Lasting Low Oil Prices
Libya may double crude output to 800,000 barrels a day by next month after talks to reopen oil and gas pipelines feeding export terminals, amid the most enduring global glut in almost two decades
