After Effects of Petrobras Scandal Spreads to US and UK

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

Investors in Petroleo Brasileiro SA, the state-run oil company at the center of a kickback scandal in Brazil, expanded their lawsuit against the company by adding claims that auditor PricewaterhouseCoopers LLP turned ...

UK Project Spending Set to Drop

• Tuesday, 13th January 2015
• by Egypt Oil & Gas

Capex in the UK’s offshore sector totaled $19 billion last year, according to analysts Wood Mackenzie’s annual UK upstream review. This kept the UK in the top 10 countries for upstream spending globally.

UK Government Lifts Fracking Ban for Shale Gas

• Thursday, 13th December 2012
• by Egypt Oil & Gas

The UK government lifted the ban on shale gas exploration, which uses a controversial method of extraction that has come under scrutiny from environmentalists.