Oil | Egypt Oil & Gas - Part 77
Crude Oil Price Climbs as Analysts Fear Disrupted Supply from Middle East
Brent crude oil has increased to $65.37 per barrel amid concerns over disrupted supply from Middle East and slowdown in US shale oil production
Mexico Supports Algeria’s Bid to Cut Oil Output
Mexico supports Algeria's initiative to encourage dialogue between OPEC and non-OPEC countries in a bid to begin collective action that would help stabilize oil markets through a coordinated production cut, Algerian ...
Texas Investigates Wells Linked to Seismic Activity
The Railroad Commission of Texas has directed the Commission’s Hearings Division to initiate proceedings requiring the operators of two disposal wells in the area of Azle, Texas to show cause why the injection permit ...
Spain Orders Environmental Emergency Alert Over Oil Spill Near Canary Islands
Spain's government activated an environmental emergency alert Saturday over oil slicks that threaten pristine beaches on the southwestern Canary Islands.
Brazil’s Petrobras on the Road to Recovery, but Challenges Remain
Petroleo Brasileiro SA’s new chief executive officer is close to overcoming his first major hurdle: getting auditors to approve financial results.
Russia to ask UN for Sovereignty Over Arctic Platform
The Russian Ministry of Mineral Resources announced that it is presenting a claim for expanding the continental platform in the Arctic Ocean, in over a million square meters.
Nigerian Central Bank Calls for Tough Measures Due to Oil Prices
Nigeria's central bank ordered banks on Friday to crack down on borrowers with non-performing loans (NPLs) in a move aimed at avoiding a repeat of a 2009 industry bailout that cost the government $4 billion.
Ghana Not to Drill New Oil Wells in Disputed Area
Ghana can’t drill new oil wells in a disputed sea area with Ivory Coast, according to a special tribunal. The order may impact producers, including Tullow Oil Plc.
