Oil | Egypt Oil & Gas - Part 62
Venezuela Oil Refinery Faces Challenges
At Amuay, this oil-rich country’s largest refinery, workers say they risk toxic-gas exposure as they wait for Petróleos de Venezuela SA, the state energy giant, to replace rusted pumps and corroded pipelines, a proces...
ENOC Share Purchasing of Dragon Oil Continues Unabated
Emirates National Oil Company (ENOC) is progressing with its 1.7 billion pound purchase of Dragon Oil shares it does not already own, despite a major investor saying the takeover undervalued the company. ENOC publishe...
Tullow Oil Eases Pressure with Upgrade to Output
Oil and gas producer Tullow Oil has raised its full-year production guidance after its flagship West African oil fields produced more than expected, lifting its shares more than 5 percent. The London-listed company, w...
Russian Environmental Watchdog Opens Case Against Rosneft for Siberia Oil Spill
Russia’s environmental watchdog has opened a case against state-owned oil corporation Rosneft after a pipeline leak resulted in oily water filling backyards and flowing out of locals’ taps in Siberia. RN Yugansknefteg...
BP Says US Shale Will Survive Oil Surplus, Iran Agreement
Shale output in the United States will prove resilient to low oil prices likely to be prolonged by the prospect of half a million barrels per day of Iranian crude making its way back to the market, BP’s (BP.L) c...
Vitol and Helios Pay $276 Million for Nigerian Fuel Business
Vitol Group and private-equity firm Helios Investment Partners agreed to buy a majority stake in Oando Plc’s service station, fuel storage and supply business in West Africa for $276 million. Their joint venture will ...
BP Shares Down After Supreme Court Denies Oil Spill Appeal
BP (BP – Get Report) shares are down 2.13% to $40.47 in afternoon trading on Monday after the Supreme Court declined to hear an appeal from oil giant concerning fines that the company will be liable for in the w...
Eni Takes Larger Share in Kazakhastan Oil Reserve
Italian energy company Eni said it took on a larger stake in the Isatay oil reserve area in the Caspian Sea from its partners in Kazakhastan. Eni took on 50 percent of the subsoil use rights in the field from operatin...
