Oil Prices Prompt Further Layoffs at Weir Group

• Thursday, 30th April 2015
• by Egypt Oil & Gas

Weir Group is to cut a further 125 oil and gas jobs in North America as the FTSE 100 engineer continues to feel the pain from the slump in oil prices.

Saudi Company to Use American Shale Gas in UK PetroChem Plant

• Monday, 20th April 2015
• by Egypt Oil & Gas

Saudi Basic Industries Corp 2010.SE has signed a deal to use shale gas from the United States at its Teesside petrochemical plant in Britain,

UK Concerns Rise Over Proposed Fracking Regulations

• Sunday, 5th April 2015
• by Egypt Oil & Gas

Anti-fracking campaigners have accused the shale industry of wanting companies "to be allowed to mark their own homework" by suggesting independent checks on wells could be done in-house.

Argentina Threatens Legal Action Over Falkland Island Drilling Activity

• Sunday, 5th April 2015
• by Egypt Oil & Gas

Argentina is threatening to take legal action against Britain over oil drilling off the coast of the Falkland Islands.

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.