Oil | Egypt Oil & Gas - Part 86
China Cracking Down on Petroleum Corruption
Chinese prosecutors on Monday charged a former senior energy executive with bribery, abuse of power and other corrupt practices, the latest official to face court in a sweeping crackdown on corruption.
Smuggled Libya Gas Sparks Conflict
Smugglers selling Libya’s heavily subsidized gasoline and diesel abroad at jacked-up prices are likely using at least some of the profit to finance fighting between the country’s rival governments, according to a U.N ...
Brent Price Falls on Expectations of Higher Supplies from OPEC, US
Brent crude oil fell below $54 a barrel on Friday and was on track for its third straight weekly loss, hurt by worries of rising supplies from Opec and the United States.
Firmer Oil May Help Gulf Stabilise; Tunisia Risks More Falls
Oil's overnight rebound and a dovish statement from the U.S. Federal Reserve may help Gulf stock markets stabilise on Thursday after falling sharply earlier this week, although crude prices remain volatile and unpred ...
Gulf of Thailand Site of Gibraltar Rig Exploration Well
KrisEnergy has commenced drilling of the Rossukon-2 exploration well using the Key Gibraltar jack-up rig in G6/48 in the Gulf of Thailand, where the Rossukon oil accumulation was discovered in 2009.
Private Egyptian Customers to Buy $1.2 Billion Worth of Tamar’s Natural Gas
A group of private customers in Egypt have agreed to buy at least $1.2 billion of natural gas from Israel's offshore Tamar field via an old pipeline built to send gas to Israel.
BP Declares Force Majeure on Angolan Oil Project
BP has declared force majeure on oil output from an Angolan oil project which provides almost 10 percent of the OPEC member's exports after a power loss.
Oil Sales to Go Through Eastern Firm says Libya’s Recognised Government
Libya's internationally recognised government said on Tuesday that any sales of the country's oil should be arranged through a state firm based in Benghazi under its leadership to prevent fraud.
