Oil | Egypt Oil & Gas - Part 90
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. Exxon unveiled pla...
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. In exclusive statements made to Al-Boursa EGPC CEO Tariq Al...
Barclays’ Mahesh Says Nigerian Election is a ‘Huge Risk’ for Oil Industry
Barclays Plc energy analyst Miswin Mahesh sees a “huge risk” of oil production in Nigeria being disrupted by political instability arising from elections scheduled for March 28. The vote is set to be the most closely ...
No Time Frame for Shell’s Nigeria Oil Well to Restart
Shell has no timeline to restart the Seibou 2 wellhead in Nigeria that it closed in January after it leaked 550 barrels of crude oil, a spokeswoman said on Friday. The company said it closed the well, which is operate...
Chinese Raw Material Imports Slow During Holiday
China’s imports of commodities eased again in February, as the Lunar New Year holiday week took a bite out of shipping volumes, preliminary customs data showed on Sunday. Premier Li Keqiang said on Thursday the ...
UN Envoy to Libya Proposes EU Naval Blockade of Oil from the Country
The EU is discussing the possibility of setting up a naval blockade of crisis-plagued Libya. The move could help to control oil exports, stem the movement of weapons fueling the conflict, and prevent the flood of refu...
Petrobras Scandal Shakes Brazil to its Foundations
The heads of Brazil’s two houses of Congress, former ministers and an ex-president are among a list of 54 names who will be investigated in relation to corruption at Petrobras, Brazil’s supreme court said on Friday ni...
Iran Planning Global Oil and Gas Export Offensive
Mohsen Qamsari, head of the NIOC’s international affairs, said that the Islamic Republic is set to inject more oil into the world market in an attempt to raise market share. “When sanctions are lifted, it ...
