shale oil | Egypt Oil & Gas
Petroleum Minister, Capricorn Review Western Desert Exploration Potential
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. The meeting discussed the company’s ...
Bahrain to Begin Shale Oil Production
Bahrain may begin producing shale oil very soon, according to top sources from the Bahraini industry, Zawya reported citing Gulf Daily News. The country began the first shale oil well drilling a few months ago. Many n...
Oil Shortage Might Lead to Investments, Discoveries Decline
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, said, according to Reuters. Although unconvent...
Iran Discovered Its First Shale Oil
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, Neftegaz reported. According to the National Iranian Oil Company’s...
Angola Secures 10-Year Commitment from Chinese Oil Firm
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, reported Reuters. Sinochem did not reveal any fi...
Argentina to Cut Energy Subsidies, Lure Investors
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, Platts reported. Accor...
OPEC and Experts Say Oil Prices to Recover in 2016
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, reported Reuters. “The expectation is that the market will re...
Qatar Petroleum Feels Oil Price Pinch, Restructures
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. “The restructure comes at the r...
