Oil | Egypt Oil & Gas - Part 74
Eastern Libyan State Oil Firm Selects Boards for Two Subsidiaries
A state oil firm controlled by Libya’s internationally recognised government has appointed boards for two state-run oil subsidiaries, officials said on Monday. The move signals the determination of a new oil fir...
Nigeria To Split Gas From Oil Leases to Increase Output
Nigeria, Africa’s biggest oil producer, plans to issue separate leases for gas assets in order to attract more investors to boost output of the fuel, the state-owned oil company said. “Gas, over the last few years, ha...
As OPEC Meeting Draws Near, Oil Prices Rangebound
Crude-oil futures moved in a narrow price range in early Asian trade Monday, with gains capped by worries about a recovery in U.S. shale-oil production and as OPEC’s meeting draws closer. On the New York Mercant...
Oil Rally Loses Steam as OPEC Set to Increase Supply
Speculators are losing faith in the oil rally, judging that OPEC will keep increasing supply from the highest level since 2012. Their net-long position in West Texas Intermediate crude dropped 2.1 percent, as long wag...
Decade Old Gulf of Mexico Oil Leak Could Continue for Another Century
A decade-old oil leak where an offshore platform toppled during a hurricane could continue spilling crude into the Gulf of Mexico for a century or more if left unchecked, according to government estimates obtained by ...
Canada Pledges New Regulations on Oil, Gas Emissions
Canada has pledged to cut greenhouse-gas emissions by about a third by 2030, partly by introducing new regulations on its oil and gas sector. Environment Minister Leona Aglukkaq announced the new pledge Friday in Winn... Renewed Drilling Plans Near BP Oil Spill Epicenter Spark Concern
Just 3 miles from the catastrophic BP spill in the Gulf of Mexico, a Louisiana company is seeking to unlock the same oil and natural gas that turned into a deadly disaster. Drilling has begun in the closest work yet t... Venezuela Pushes for New Deal with OPEC, Non-OPEC Nations
Venezuela is pushing for a new agreement between OPEC and non-OPEC nations to stabilize oil prices, President Nicolas Maduro said on Friday, in the most serious indication yet of a renewed drive to boost prices back t...
