shale | Egypt Oil & Gas - Part 2
Oil Prices Spark Tensions Between US and Omani Pipe Makers
Ahmed Hassan Al Dheeb, undersecretary at the Omani Ministry of Commerce and Industry said that his country is confident of winning an anti-dumping case against a local steel pipeline manufacturer that is being heard i...
Mexico’s Crude Exports to US Drop to 25-year Low
Mexico’s crude exports to the US dropped to their lowest level in 25 years in September, as the Latin American nation seeks other buyers in response to reduced demand from US refiners, reports Bloomberg. Mexico&...
Indonesia Announces Bids for New Shale Gas Blocks
Indonesia is forging ahead with its strategy of developing unconventional sources of oil and gas, announcing bids for three new shale gas blocks, according to information issued by the ministry of energy and mines, re...
OPEC Driving US Shale Downturn
The Organization of Petroleum Exporting Countries—OPEC—is driving US oil and gas rigs to some of their lowest levels in a decade, Bloomberg said. The oil cartel ramped up production at the same time as the US in late ...
Vitol Thinks Libya Will Add to Oil Glut
Vitol, the world’s largest oil trader, has predicted that the price of crude will at the most waver around the $60 a barrel level next year, in part because of Libyan production, reported Reuters. Ian Taylor, th...
Canadian Oil Sands Rejects Takeover Bid
Canadian Oil Sands, a major force in the oilsands business in several Canadian provinces, has rejected an unsolicited offer to buy it out, reported CBC News. The reason for declining the offer was not necessarily beca...
Russia and Saudi Arabia Talk Oil Prices, Shale, OPEC
Russia’s energy minister told reports on Tuesday of his talk with his Saudi counterpart last week in Istanbul during the G20 energy ministers meeting, reported Rigzone. “We discussed the situation on the m...
US Oil Rig Count Drops to 5-Year Low
Rig counts for US oil drilling dropped to 614 nationwide last week, the lowest level since 2010, Bloomberg reported. Rigs targeting natural gas also fell in the country, dropping to 809, the fewest since 2002. Rig cou... 
