Oil | Egypt Oil & Gas - Part 63
Oil Prices Increase as Tropical Storm Approaches Texas
U.S. crude oil prices edged up on Tuesday, supported by warnings that a tropical storm threatened to hit the coast of the oil-producing state of Texas, but oversupply weighed on Brent. Traders Set to Send Record Amount of North Sea Oil to South Korea
Oil traders may send a record amount of crude from the North Sea to South Korea this month, amid signs that refining rates in the Asian country are surging.
New Oil Fields Discovered in Gulf of Mexico
Mexico's state-run oil and gas company Pemex has announced the discovery of new shallow water oil fields in four locations in the Gulf of Mexico.
Less Risk of Dragon Oil not Making ENOC Acquisition, Say Experts
Dragon Oil Plc said it agreed to an increased takeover offer by Emirates National Oil Co (ENOC) after the Dubai-based group increased its offer to buy out the company's minority shareholders.
Oil Execs Prepare for Russia’s Investment Show Amid Tension from the West
Some of the world's most powerful oil executives will attend Russia's top investment show next week, once again helping the organizers shrug off a meager turnout from other leading Western industrialists and bankers.
GUPCO Placed EDFU A7 on Production
GUPCO announced that it successfully completed drilling the oil development well EDFU A7 in the Edfu field, reported Egypt Oil and Gas.
UK Gets Involved in Spat Between Guyana, Venezuela Over Oil
British High Commissioner to Guyana, James Gregory Quinn has dismissed Venezuela’s most recent claim on Guyana’s oil rich Essequibo Coast, stating that it lacks solid grounds. Venezuela’s President Nicholas Maduro on ...
Asian Oil Refiners Look to Adapt to Market Changes Amid Crude Glut
The surge in oil supplies that has crushed prices is prompting some refiners in Asia to buy more crude that can be delivered immediately rather than at some future date, adding to pressure on sellers.
