united states | Egypt Oil & Gas - Part 2
France Studying to Ban Imports of US Shale Gas
French Energy Minister, Segolene Royal, said she is investigating legal means to ban the import of shale gas from the United States because France has banned shale gas exploration using hydraulic fracking for environm...
US Oil, Gas Companies Record Further LayOffs
US companies announce further layoffs amid prolonged low oil prices, RigZone reported. Traditionally, low oil prices were seen as a boost to US economic growth. Cheap oil had previously helped the country, which used ...
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, the company said in a regulatory filing, Reuters reported. Even with t...
US Oil&Gas Rig Count Drops to Record Lows
The number of rigs drilling for oil and natural gas in the US has fallen to the lowest level since at least 1940, oil services company Baker Hughes Inc said, The Wall Street Journal reported. The number of combined ri...
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 pip...
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. Crude oil prices are testing three-month lows after Iran struck a deal that will le...
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. For the first time ever, natural gas trumped coal as the top sou...
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. The United States, the European Union and t...
