united states | Egypt Oil & Gas - Part 2
US Energy XXI Mulls Bankruptcy Protection Amid Low Oil Prices
US oil and gas producer Energy XXI may seek Chapter 11 bankruptcy protection in March if oil prices remain low and it fails to refinance its debt.
US Oil&Gas Rig Count Drops to Record Lows
The number of rigs drilling for oil and natural gas in the United States has fallen to the lowest level since at least 1940. In spite of the decline, oil and gas production has been surprisingly resilient.
Great Lakes’ Petroleum Pipeline Line 5 Deemed a Threat
There would never be a petroleum pipeline built today that runs underwater through the Great Lakes like the controversial Line 5, Canadian petroleum transport giant Enbridge's more than 60-year-old, parallel pipeline ...
Nuclear Deal with Iran May Pose Trouble for US Shale
The end of sanctions will allow Iran to attract investment in its massive oil and gas reserves, putting a long-term damper on prices.
In New First for US Electricity, Natural Gas Overtakes Coal
Call it a one-two punch against coal. As global demand for U.S. coal exports continues to sag, domestic demand at power plants has been sliding as well.
Sanctions Will Cause Russian Oil Production to Drop in 2016: Fitch
Oil production in Russia will decrease in 2016 due to the economic sanctions imposed by the European Union and the United States, Fitch Ratings said in its forecast Tuesday.
Foreign Firms Compete in Mexico’s First Oil Auction in Years
US, European and Asian energy firms will compete Wednesday in Mexico's first oil auction since a historic reform brought back private investors, nearly 80 years after they were kicked out.
US to Continue Cooperative with Azerbaijan on Southern Gas Corridor
Being a strategic partner and friend of Azerbaijan, the US will continue cooperating on the Southern Gas Corridor project and other projects to be implemented in the future, Special Envoy and Coordinator for Internat ...
