Oil | Egypt Oil & Gas - Part 81
Argentina’s YPF to Ask for Russian Help in Exploiting Country’s Shale
YPF and Russia’s powerful Gazprom International are expected to conclude a Memorandum of Understanding (MOU) during Galuccio’s visit to Moscow. The large shale oil and gas deposit in western Argentina’s Va...
Oil Production From Major US Shale Fields Increases 1% Over February
Oil production from key shale formations in North Dakota and Texas increased by 17,000 barrels per day (b/d), or 1%, in March versus February, according to Bentek Energy, an analytics and forecasting unit of Platts, a...
Abu Dhabi Eyeing 50% Increase in Offshore Rig Count
Abu Dhabi plans to invest over billion in the next five years on boosting its oil production capacity from offshore fields, a senior official of Abu Dhabi National Oil Co said on Tuesday. The plan is part of the Unite...
Oil Service Giant Halliburton Beats Earnings Estimates
Halliburton Co. beat analysts’ estimates and accelerated the pace of job cuts ahead of a planned $34.6 billion takeover of Baker Hughes Inc. Excluding certain items, the world’s second-biggest provider of oilfield ser...
Brazil’s Petrobras Floundering
Buried off the coast of Brazil, beneath miles of seawater, rock and salt, lie vast oil reserves—at least 50 billion barrels—that were supposed to yield untold riches for this nation. But, as so often happens in Brazil...
Anadarko Plans to Sell Mozambique Gas Assets to Exxon
Anadarko Petroleum is considering selling its multi-billion dollar stake in Mozambique’s giant gas reserves, with Exxon Mobil and Qatar Petroleum [QATPE.UL] both showing interest, banking and industry sources sa...
US Shale Drillers Plan Strategy
American oil drillers, battered and bruised by the steep drop in crude prices, are descending on Houston this week to plan their survival. Thousands of industry executives gather in Texas every year for IHS CERAWeek, ...
European Refineries Profit Off Low Oil Prices
The biggest crude glut in the U.S. since the 1930s means one thing for European refiners: The highest margins in eight years won’t last. U.S. plants, ending seasonal maintenance, will push down European prices with ri...
