prices | Egypt Oil & Gas - Part 4
Europe’s Banks Hold Fewer Risky Energy Assets Than US Rivals
The energy exposures of the large European banks are moderate and do not present a significant risk to their earnings or capital. However, rising provisions in 2016 will weigh on profitability, Moody's Investors Serv ...
Angola to Negotiate Three-Year Loan With IMF
Angola will begin loan negotiations with the International Monetary Fund on a three-year loan facility next week as lower oil prices hammer the finances of Africa's second-largest crude exporter, the Finance Ministry ...
Nigeria to Increase Petrol Price, Considering Privatisation
Nigeria would review the price of Premium Motor Spirit –PMS, also known as petrol– in May, while Minister of State for Petroleum Resources hinted on a possible privatisation of the sector as lasting solution to its f ...
China’s Offshore Corp. Records 66% Profit Drop in 2015
China National Offshore Oil Corporation (CNOOC), the country's largest offshore oil and natural gas developer, announced that its 2015 net profit slumped 66.4% due to lower oil prices.
US Oil, Gas Companies Record Further LayOffs
As the oil and gas industry continues to struggle with the prolonged low oil price environment, more companies in the United Stated are announcing layoffs.
LatAm Oil Producers Meeting Postponed
A key meeting between Latin American oil producers and exporters planned to unify the region in backing an output freeze or other measures to bolster prices, has been postponed due to scheduling difficulties.
Nigeria Backs Oil Output Freeze
Nigeria backed Saudi Arabia and Russia in freezing oil production while giving Iran and Iraq a way out to regain some of their market share lost due to sanctions and war.
Africa’s PetroCurrencies Hit by Low Oil Prices
Africa's petrocurrencies have been hit by low oil prices, plaguing economies of Angola, Nigeria, and Algeria, most notably. Angola’s currency fell to an all-time low, Nigeria has imposed strict capital controls, and ...
