Oil | Egypt Oil & Gas - Part 73
Exxon Mobil Makes ‘Significant’ Oil Discovery Off Guyana Coast
Exxon Mobil Corp. confirmed Wednesday that it has made what it calls a “significant” oil discovery off Guyana in waters also claimed by Venezuelaas part of a long-running border dispute between the South A...
Oil Market Copes with Storage Limits as Demand Soars
The oil market is coping with storage capacity limits because demand for products such as petrol has been unexpectedly strong, says a senior executive at the world’s biggest independent oil trader. Demand growth was “...
European Oil Companies to Develop Strategy on Climate Change
Europe’s largest oil companies are banding together to forge a joint strategy on climate change policy, alarmed they’ll be ignored as the world works toward a historic deal limiting greenhouse gases. Royal...
Conflict in South Sudan’s Oil-Producing Fields
South Sudanese rebels said they have taken control of the country’s main oil fields that are still producing crude, after defeating government forces in Upper Nile state on Tuesday. The insurgents loyal to former Vice...
South Africa’s SacOil Ends Nigeria JV Due To Weak Oil Prices
South Africa’s SacOil Holdings has ended its joint venture with Nigeria’s Nigdel United Oil Company and abandoned its oil licence in that country as softer oil prices forced the firm to cut costs. Global o...
British Oil Production Threatened by First Strike in Decades
North Sea oil production could face severe disruption from a threatened strike by unions that would add to the strain already placed on drillers by falling oil prices. The GMB and Unite unions, which represent many wo...
Oil Prices Fall 3 Percent on Dollar Rally, Over Abundance Fears
By Barani Krishnan Oil prices fell more than 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day as the dollar rallied and on evidence that the United States and top oil exporter Saudi Arab...
Iraq Signs $526.6 Million China Deal to Drill 66 Wells
Iraq’s cabinet has approved a $526.6 million drilling deal with China’s Zhongman for the West Qurna Two oilfield, the government said in a statement on Tuesday. Under the 28-month contract, Zhongman Petrol...
