Oil | Egypt Oil & Gas - Part 88
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. Intensive efforts to clinch a deal between wor...
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 u...
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. Rossukon-2 lies 1 ...
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. The Tamar partners said on Wednes...
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. The oil company declared force majeure on Monday due to t...
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. If impleme...
Egypt Signs $23.5 Billion Oil, Gas and Mining Agreements at EEDC
Several agreements were signed in oil, gas and mining sectors were signed at the recent Economic Summit, under the supervision of Minister of Petroleum Sherif Ismail, according to Summit-organiser Hill+Knowlton. The a...
