Wadico is to Launch Egypt’s First Oil Shale Exploration and Production Project

• Wednesday, 16th July 2025
• by Sarah Samir

New Valley Company for Mineral Resources and Oil Clay (Wadico) signed a strategic cooperation agreement with the global BCM Group. This agreement is set to launch the first project of its kind in Egypt for the exp ...

Petroleum Minister, Capricorn Review Western Desert Exploration Potential

• Tuesday, 31st October 2023
• by Sarah Samir

Minister of Petroleum and Mineral Resources Tarek El Molla has met with Randy Neely, CEO of Capricorn Energy, and Eleanor Rowley, Managing Director of Capricorn Energy Egypt. 

Bahrain to Begin Shale Oil Production

• Monday, 11th March 2019
• by Editorial Team

Bahrain began the first shale oil well drilling a few months ago.

Oil Shortage Might Lead to Investments, Discoveries Decline

• Tuesday, 11th July 2017
• by Dr. Mahinaz El-Baz

The world might face an oil supply shortage following a steep drop in investments and a scarcity of fresh conventional discoveries, Saudi Aramco's CEO, Amin Nasser, stated.

Iran Discovered Its First Shale Oil

• Monday, 20th February 2017
• by Editorial Team

Iran has discovered its first shale oil reserve containing over 2b barrels of light crude. The deposit is located in the western province of Lorestan.

Angola Secures 10-Year Commitment from Chinese Oil Firm

• Thursday, 17th December 2015
• by Egypt Oil & Gas

Angola’s state energy company Sonangol signed a 10-year agreement with Sinochem Group seeking to increase its funds to withstand low oil price and US shale competition.

Argentina to Cut Energy Subsidies, Lure Investors

• Tuesday, 1st December 2015
• by Egypt Oil & Gas

Argentina's newly appointed Energy Minister, Juan Jose Aranguren, has announced his ambition to boost investors' confidence in the country through enhancement of business conditions.

OPEC and Experts Say Oil Prices to Recover in 2016

• Tuesday, 10th November 2015
• by Egypt Oil & Gas

The oil market is expected to become more balanced in 2016 as demand continues to grow, OPEC Secretary-General Abdullah al-Badri announced on Monday.

Qatar Petroleum Feels Oil Price Pinch, Restructures

• Monday, 18th May 2015
• by Egypt Oil & Gas

State-owned Qatar Petroleum will announce a restructuring plan in the coming months to adapt to the drop in oil prices, the head of its wholly owned international subsidiary said.

US Shale Drillers Plan Strategy

• Monday, 20th April 2015
• by Egypt Oil & Gas

American oil drillers, battered and bruised by the steep drop in crude prices, are descending on Houston this week to plan their survival.