Oil | Egypt Oil & Gas - Part 87
Libya in Risk of Collapse Due to Battles for Oil
In the first of a series of exclusive reports from Ruth Sherlock in Libya, the resource-rich country's oil minister warns that it will run out of money in 18 months as post-Gaddafi anarchy threatens to turn it into " ...
Oando Energy To Start Oil Production Field in Nigeria
Oil and natural gas exploration company Oando Energy Resources Inc. announced the construction of infrastructure for Qua Iboe field in Nigeria is finished and commercial production has begun, according to a press rel ...
Egyptian Petroleum Ministry Announces Increased Production by Petrobel
Press Release, In light of the petroleum sector’s policy of speedy execution of new natural gas field development projects and linking them to production to meet the growing needs for domestic consumption, the fourth ...
ADX Acquires Kerkouane Exploration Licence Extension in Tunisia
ADX Energy has announced that the Tunisian Authorities (Comité Consultatif des Hydrocarbures) have granted ADX an additional six month extension of the exploration period for the Kerkouane permit, offshore Tunisia, t ...
South Africa’s Sasol Implements Saving Scheme due to Volatile Oil Market
Major oil companies are scrambling to cut costs as global oil prices plummet. Sasol, South Africa’s petrochemicals giant, is the latest to roll out its aggressive savings plan, involving potentially thousands of job ...
US Hedge Funds Quacking Under Strained Oil, Gas Markets
Hedge funds cut bets on rising oil prices at the fastest pace since December 2012 as U.S. inventories expanded to the highest in more than three decades.
Exxon Turns to U.S. Shale Fields to Lead International Growth
In a world of $55 a barrel oil, Exxon Mobil Corp. is relying on shale fields in Texas, Oklahoma and North Dakota to help fund the next wave of big overseas projects it needs to thrive in the future.
EGPC Owed EGP195 Billion; mainly by Ministries of Finance, Electricity, and Transport for Oil and Fuel Delivered.
The dues owed to EGPC from government agencies rose to EGP195 billion by the end of the month of January, compared to 170 billion at the end of October 2014.
