Oil | Egypt Oil & Gas - Part 71
Nigeria and it’s Oil Paradigm
As petroleum minister during the 1970s oil boom, Muhammadu Buhari set up the Nigerian National Petroleum Corporation. It is an accident of history that the same man, elected president in March, could now be compelled ...
Nigerian Oil Union Stops Halliburton Operation Due to Job Cuts
Nigeria’s main oil union has shut down the local operations of U.S. oilfield services provider Halliburton Co in protest against job cuts, the trade body said on Tuesday. Tokunbo Korodo, Lagos chairman for the N...
Brazil Oil Group Hopes Regulatory Changes Will Boost Exploration
Brazil’s national oil-industry association, IBP, released a list of suggestions for regulatory changes on Monday that it hopes will boost exploration activity in the wake of falling oil prices, high costs, delay...
PetroChina Accounces First Large Scale Shale Oil Field Discovery
PetroChina announced on its official website on May 26 that the country’s first 100-million-tonne large-scale shale oilfield has been discovered, the Xinanbian oilfield in northern Shaanxi, adding further oil re...
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 dri...
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. “We believe that should West Texas Intermediate p...
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 cooperatio...
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 m...
