Price | Egypt Oil & Gas - Part 2
Shell, Apache Agree on Higher Gas Price
The Dutch company Shell and the American Apache have agreed with the Ministry of Petroleum on the price of the gas in the limestone layers at Apollonia field in the Western Desert. The new agreement decided on $4.6 pe...
Nigeria Unions Call for General Strike Over Gas Price Hike
Nigeria’s two main labour unions called for an indefinite general strike from Wednesday May 18th, unless the government reverses its plan to increase the price of petrol, which many rely on for power generation ...
Main Nigeria’s Oil Workers Unions Back Subsidy Removal
The Nigerian National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), have declared their support for the government’s new price o...
French Engie, Gazprom to Adapt Gas Contracts Prices
French gas and power group Engie and Russia’s Gazprom Export have agreed to adapt the price of its long-term gas supply contracts to fit market conditions, Reuters reported. “With this agreement, Engie has...
Oil Price Slides on Weak China Data, Record Russian Output
Oil prices dropped again on Monday in response to weak economic data from China and record-high production figures from Russia, reported Reuters. The global benchmark Brent crude futures traded down 85 cents at $48.71...
Kazakh Currency Drops 22% from Oil Price
The national currency of Kazakhstan, the Tenge, lost nearly a quarter of its public value on Thursday, reported the New York Times. The devaluation came after the central bank of Kazakhstan announced it would cease ma...
Chevron’s Profits Down, Complications with Concessions
After posting higher profits than any other oil major last year, Chevron’s stock has badly slipped in 2015—down more than 30%, noted the Wall Street Journal in a recent report. The company has seen its stock slide as ...
Ukraine Seeks Deal on Gas Price with Russia in Next 2 Weeks
Ukraine hopes that the price for the third quarter will be lower, Demchishin said in an interview to Ukraine’s Channel 5. “The negotiations are underway and, I think, that in the course of the next two weeks an ...
