El Molla Participates in Net Zero World Initiative at COP26

• Thursday, 4th November 2021
• by Fatma Ahmed

The Minister of Petroleum and Mineral Resources Tarek El Molla has participated in the launch of the Net Zero World Initiative, as a part of the current COP26 summit held in Glasgow to accelerate the transition to ...

Shell Signs Agreement to Acquire Landmark Retail Sites in U.S.

• Wednesday, 27th October 2021
• by Fatma Ahmed

Shell Retail and Convenience Operations which is a subsidiary of Shell Oil Products, has signed an agreement to acquire 248 fuel and convenience retail sites from the Landmark Group.

US Lifted Some Oil Sanctions off Sudan

• Sunday, 15th January 2017
• by Editorial Team

The US government has eased sanctions against Sudan. The current decision lifts restrictions on petroleum and petrochemical industries, including oilfield services and oil and gas pipeline transactions by Americans.

Oman, Iran LNG Pipeline to Cost $1.5b

• Sunday, 18th September 2016
• by Egypt Oil & Gas

A planned sub-sea natural gas pipeline to link Iran and Oman is expected to reach a higher estimated cost of $1-1.5b after the two countries had to change the project's route and design to avoid waters controlled by ...

India, US Reduce Nigerian Crude Imports

• Monday, 15th August 2016
• by Egypt Oil & Gas

Both India and the US have reduced their Nigerian crude oil imports by 43% and 53% respectively, a call that translated to a minimum loss of $270m of earnings in the Nigerian economy.

Russia’s Rosneft Dismisses OPEC as Regulator

• Thursday, 23rd June 2016
• by Egypt Oil & Gas

Head of Russia's top oil producer Rosneft said that Saudi Arabia, the United States and Russia were the three main players on global oil markets and the role of OPEC was evaporating.

Hi-tech and Big Data Steps Into the U.S. Oil Industry

• Sunday, 29th March 2015
• by Egypt Oil & Gas

With the price of crude plumbing lows not seen since 2009, Royal Dutch Shell, Whiting Petroleum Corp and many others are turning to rocket fuel, Big Data, lasers, spectrometers and other new or revamped technologies ...

Exxon Turns to U.S. Shale Fields to Lead International Growth

• Monday, 9th March 2015
• by Egypt Oil & Gas

In a world of $55 a barrel oil, Exxon Mobil Corp. is relying on shale fields in Texas, Oklahoma and North Dakota to help fund the next wave of big overseas projects it needs to thrive in the future.