Oil | Egypt Oil & Gas - Part 79
Banque du Caire Issues Letters of Credit Worth $36m to EGPC
Ayman Mukhtar, General Director of the Banque du Caire’s Corporate Credit Sector, announced that his bank has agreed this week to open a credit line worth m for EGPC to import crude oil. In statements made to Al-Bours...
Mexico Reducing Number of Blocks Available for Tender Due to Oil Prices
Mexico’s government is preparing to downsize tenders of shale oil and gas blocks to oil companies, as low oil prices have reduced the profitability of the difficult-to-reach hydrocarbons, according to senior Mexican o...
Major French Oil Company Total Reports Earnings; Drop in Profit
French oil major Total reported a smaller-than-expected 22 percent drop in first-quarter net profit on Tuesday, helped by rising refining margins and sharp growth in oil and gas production that partly offset lower cru...
Gasoline Prices at 4 Month High in US
Gasoline prices are climbing again, pumped up by a rallying oil market and a seasonal switch to more expensive summer-blends, but motorists still are enjoying the cheapest springtime fuel in six years. The national av...
Crude Oil Price Climbs as Analysts Fear Disrupted Supply from Middle East
Brent crude oil increases to $65.37 per barrel amid concerns over disrupted supply from Middle East and slowdown in US shale oil production Conflict in the Middle East and a downturn in US shale oil production are sai...
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, Alge...
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 permits...
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. The government activated a level 2 alert after analyzing ...
