Oil | Egypt Oil & Gas - Part 95
US Oil Workers go on Strike
US union leaders have launched a large-scale strike at nine refineries after failing to agree on a new national contract with major oil companies. It marks the first nationwide walkout since 1980 and impacts plants th...
Drop in Oil Prices Causes Mexico to Cut Spending
Mexico will cut government spending by $8.4 billion this year because of a drop in revenues due to declining oil prices. Finance Minister Luis Videgaray also said Friday the government will put on hold plans to build ...
Mergers and Acquisitions in Oil and Gas Industry at 10-year High
Mergers and acquisitions (M&A) in the oil and gas industry hit 10-year highs in terms of deal value and volume in 2014, according to PwC US. The record breaking year was primarily driven by deals valued at more t...
Gulf Marine Services SESVs for MENA
Gulf Marine Services has been awarded a major new long-term contract in the MENA region for one of its Large Class SESVs (self-elevated support vessels) ‘The signing of this new contract is testament to our long...
Disputed Kurdish Tanker Leaves Texas
More Kurdish oil will probably head to the U.S. even as a tanker carrying 1 million barrels of disputed crude returns to the Mediterranean Sea six months and $60 million less valuable after anchoring off Texas. The Un...
Iran Scales Back Development Fund
An Iranian parliamentary ad hoc committee reviewing the country’s national budget bill has cut the share of state-run rainy day kitty from oil revenues to 20% from 26% as oil prices keep falling. “The share of Nationa...
Egypt Cancels Iraq’s Debts for Oil Shares
Reports revealed that the Egyptian and Iraqi governments have reached the proposal on the Iraqi debt to be canceled in exchange for shares of oil. The US Montier site said that a number of political, military and econ...
Long-serving Apache CEO Farris Retires
Steven Farris, chairman, president, and CEO of Apache Corp. retired last week. He will continue as non-executive chairman of the board until May 1, at which time he will retire from the board. John J. Christmann IV, ...
