Oil | Egypt Oil & Gas - Part 63
US Rejects Appeals on 2010 Oil Spill
Justices let stand a lower court ruling that said the owners of the blown-out Macondo well could not avoid federal fines for the spill by blaming another company’s failed equipment. The firms argued that the oil...
Argentina’s Plan to Seize Assets of Falklands Oil Drillers Criticised by the UK
Britain on Monday accused Argentina of a politically motivated and illegal attack on the nascent oil industry around the disputed Falkland Islands, after Buenos Aires said it would seek to seize the assets of drillers...
Nigeria’s APC States Government Must Scrap Oil-Industry Bill
Nigeria’s ruling party recommended the government discard a long-delayed oil-industry bill, review fuel subsidies and sell off some units of the state petroleum company. The Petroleum Industry Bill should be scrapped ...
Nigeria’s Oil Company Kept Most of Oil Revenue
Nigeria’s state oil company earned 8.1 trillion naira ($41 billion) from 2012 until the end of May, but only paid 4.3 trillion to the federal government, the country’s National Economic Council (NEC) said ...
Fall in Crude Prices Causes Sales to Drop in US
Share sales by US oil and gas companies have slowed sharply in recent months, in a sign of the tightening financial pressures on the industry following the fall in crude prices. US exploration and production companies...
Oil Hits New Low as Greece Fails to Reach Euro Deal
Oil dropped to a three-week low amid concern Greece’s failure to reach a deal with international creditors will prompt its exit from the euro area. Global equities fell as the Greek government imposed capital controls...
Thailand Denies Reports of Thai Canal, Contemplates Oil Pipeline
A deputy prime minister of Thailand has denied reports that Bangkok and Beijing have reached an agreement to develop the Thai Canal across the Kra isthmus, calling the project “stupid” and revealing that t...
Dominovas Energy Achieves Historic Partnership With U.S. Government
Dominovas Energy Corporation announces a historic partnership with the United States government. Dominovas Energy Corporation, via the deployment of its modular, off-grid RUBICON™ Solid Oxide Fuel Cell systems, has be...
