Oil | Egypt Oil & Gas - Part 69
Despite Huge Find, Decreasing Prices Means No Drilling in Canada
The news was bittersweet for Canada’s Northwest Territories. While the region found out last week that its Canol and Bluefish formations hold Canada’s largest shale oil reserves, the slump in prices means no one’s dr ...
Shale Oil Producers to Ramp Up Drilling: Goldman Sachs
Shale oil producers, benefiting from lower costs, are expected to ramp up drilling activity if the price of U.S. oil stays near $60 a barrel, Goldman Sachs said.
Italian Delegation Looking into Further Oil, Gas, Electricity, Renewables Cooperation
A high-ranking Italian economic delegation comprising of five officials headed by Deputy Minister of Economic Development Carlo Kalinda arrived in Cairo today to discuss how to support and enhance economic cooperati ...
Ahead of OPEC Meeting, Crude/Dollar Trade Returns to the Market
A once-popular pair trade pitting the U.S. dollar against oil prices has re-emerged in recent weeks, injecting a new wildcard into the market just as the Organization of the Petroleum Exporting Countries prepares to ...
Bahrain Hails British Role in Petroleum Development
The growth of the oil industry in Bahrain was highlighted at a Bahrain British Business Forum (BBBF) networking event.
Oil Trades at near $60 as Number of Active US Rigs Decrease
Oil traded near $60 a barrel as companies in the U.S. reduced the number of active rigs by the slowest pace since a prolonged retreat in drilling that began in December.
Nigeria’s Amcon Recovers 57% of Bad Debts Acquired from Crisis
The Asset Management Corp. of Nigeria said it has recovered 57 percent of the bad debts it took on five years ago to rescue banks in Africa’s largest economy from collapse.
Algeria’s Sonatrach Appoints Chief Executive
Algeria's state energy firm Sonatrach has named Amine Mazouzi as its new chief executive to replace interim chief Said Sahnoun, who had been appointed less than a year ago, according to two industry sources on Sunday.
