Bill to Give State Full Authority Over Fracking in Texas Closer to Law

• Tuesday, 5th May 2015
• by Egypt Oil & Gas

A bill giving Texas the sole right to regulate the oil and gas industry and take away the power of municipalities to pass anti-fracking rules moved a step closer to becoming law on Monday after it passed the Senate. T...

Texas Investigates Wells Linked to Seismic Activity

• Monday, 27th April 2015
• by Egypt Oil & Gas

The Railroad Commission of Texas has directed the Commission’s Hearings Division to initiate proceedings requiring the operators of two disposal wells in the area of Azle, Texas to show cause why the injection permits...

Kinder Morgan Considers Expansion into Downstream Mexico

• Sunday, 26th April 2015
• by Egypt Oil & Gas

Kinder Morgan Inc’s CEO Richard Kinder revealed on Thursday that the Texas-based company is considering infrastructural expansion in Mexico, where it already operates a natural gas pipeline currently. Speaking at the ...

Harvest Natural Resources Inc to Seek Funding After Venezuela Asset Sale Blocked

• Tuesday, 31st March 2015
• by Egypt Oil & Gas

Harvest Natural Resources Inc. is seeking to raise cash to fund operations after Venezuela blocked the sale of its remaining oil assets in the country. Harvest, based in Houston, is seeking to raise funds in debt or e...

Crude Price Drop Boon to EnergyTEK Asset Acquisition

• Wednesday, 4th March 2015
• by Egypt Oil & Gas

EnergyTEK Corp is developing a distressed energy asset acquisition programme to take advantage of low asset prices following the slide in oil price. “The precipitous drop in the price of West Texas Intermediate ...

Disputed Kurdish Tanker Leaves Texas

• Wednesday, 28th January 2015
• by Egypt Oil & Gas

More Kurdish oil will probably head to the U.S. even as a tanker carrying 1 million barrels of disputed crude returns to the Mediterranean Sea six months and $60 million less valuable after anchoring off Texas. The Un...