Royal Dutch Shell and the Egyptian General Petroleum Corporation (EGPC) are in discussions over the price of shale gas that will be produced in the Al-Abyad area for the first time in Egypt.
Nigeria announced that it would finally clean-up the oil-contaminated Ogoniland in the Niger delta, and at the cost of $1bn, according to the Guardian.
Environmental activists in Portland are protesting the arrival of the Fennica, a vessel that Royal Dutch Shell PLC plans to use in its Arctic offshore drilling project after it's repaired.
An internal report warns the federal government isn’t fully prepared to respond in the event of an oil spill in the Arctic or in deep water offshore.
Egypt has been facing a continuous dwindling in natural gas production since 2012, which led the government to import liquefied gas shipments to fill its needs.
European oil majors are for the first time openly declaring interest in Iran in anticipation of a possible end to sanctions against the country over its nuclear program.