Oil | Egypt Oil & Gas - Part 77
Oil Prices Fall as US Dollar Strengthens
Oil prices ticked lower Monday on a stronger dollar and weak Chinese manufacturing data. Light, sweet crude for June delivery settled down 22 cents, or 0.4%, at $58.93 a barrel on the New York Mercantile Exchange. Bre...
Bill to Give State Full Authority Over Fracking in Texas Closer to Law
A bill giving Texas the sole right to regulate the oil and gas industry and take away the power of municipalities to pass anti-fracking rules moved a step closer to becoming law on Monday after it passed the Senate. T...
Shale Stocks Drop as Major US Investor Criticizes Industry
Money manager David Einhorn slammed the shale drilling industry that ushered in a new era of U.S. oil production as wasteful, expensive and a terrible investment. Shale explorers including Pioneer Natural Resources Co...
Iran and US Trade Claims Over Oil Contracts, Meetings Claims
The US State Department says it cannot confirm a report that an American oil delegation plans to visit Tehran within the next few days to discuss business. State Department spokesman Jeff Rathke told reporters at a da...
ExxonMobil-led Strikes Oil Offshore Angola
Exxon Mobil Corporation has announced today that its subsidiary, Esso Exploration Angola (Block 15) Limited (Esso Angola), has started oil production ahead of schedule at the Kizomba Satellites Phase 2 project offshor...
Shell and Exxon Beat Earnings Expectations Amid Low-Price Environment
The low oil prices that have been dogging the energy industry led to dramatically lower quarterly earnings for Royal Dutch Shell and Exxon Mobil, but the two giant companies did better than analysts had expected. Rela...
US Rig Count Declines
U.S. oil companies sidelined 24 oil-drilling rigs this week, according to Baker Hughes’ rig count released Friday, bringing the count to its lowest point since October 2010. This week’s drop sank the number of active ...
Total to Raise Millions in Initial Public Share Offer in Morocco
Total Maroc (IPO-TOMAR.CS), owned by France’s Total, plans to raise between 612 million dirhams and 720 million dirhams ($74.48 million) in an initial public share offer, Moroccan bourse watchdog CDVM said in a ...
