Oil | Egypt Oil & Gas - Part 69
Libyan State Oil Company to Send fuel to Opposing Region
The member of the Organization of Petroleum Exporting Countries has two governments, with the internationally recognized premier working out the east since losing control of Tripoli in August to a rival administration...
Ras Gharib’s First Crude Cargo Purchased by India’s MRPL
Mangalore Refinery and Petrochemicals has made its first purchase of Egypt’s Ras Gharib crude, two sources with knowledge of the tender award said. The purchase is for loading in first half of July. Trader Vitol...
Pipeline That Caused California Oil Spill Was Badly Corroded
A pipeline rupture that spilled an estimated 101,000 gallons of crude oil near Santa Barbara last month occurred along a badly corroded section that had worn away to a fraction of an inch in thickness, according to fe...
Petrobas Finds New Oil Reservoir Off Brazilian Coast
Petrobras and a partner firm, Oil and Natural Gas Corp (ONGC), have found a new oil reservoir in deepwater offshore the Brazilian state of Sergipe on the country’s northeastern Atlantic coast. The well, named Poco Ver...
Oil Prices to Remain Low Until 2016: BP Chief
The chief executive of BP expects oil prices to remain low until at least 2016 as production grows faster than demand. Speaking at an Opec energy summit ahead of the cartel’s twice yearly production meeting on Friday,...
South Africa’s Stocks Fall and Petrochemicals Follow
South African stocks edged lower on Wednesday, led by petrochemicals firm Sasol as brent crude for July slipped when investors adjusted their positions ahead of a key meeting of OPEC oil producers. Shares in Sasol, wh...
Buhari Plans to Keep Oil Portfolio Away from New Nigeria Cabinet
President Muhammadu Buhari is likely to keep the oil portfolio for himself in the new Nigerian cabinet, rather than trust anyone else with the source of most of Nigeria’s revenue and traditional fount of corrupt...
Oil Decline Leads Explorers in Africa to Consider Mergers
The drop in oil prices will probably spur smaller oil and gas explorers in Africa to consider mergers to fund their ambitions, according to Pura Vida Energy NL. Royal Dutch Shell Plc’s $70 billion deal to buy BG Group...
