united states | Egypt Oil & Gas - Part 3
Lawmakers to Probe Federal Agency’s Oversight of US Pipelines After Oil Spill
Lawmakers are set to probe a federal agency’s oversight of U.S. pipelines after a crude spill near the southern California coast highlighted the government’s delays implementing congressionally mandated safeguards. Th...
Nosedive in Oil Prices Causes Market to Rethink Shale
The almost 10 percent nosedive in headline oil prices this week has many hallmarks of a shocking but short-lived slump, triggered by a confluence of external events and exacerbated by safety-seeking investors and mome...
Iran’s Potential Return Would Be Bad News for Russian Oil
In Iran’s push for a nuclear deal, it’s had few better allies than Moscow. But if an agreement is reached this week, President Vladimir Putin’s regime will have at least one reason to reflect on its support. Russia, w...
Crude Oil Falls Below $60 a Barrel Amid Greek Crisis
Brent crude oil has fallen below $US60 a barrel due to concerns that the Greece crisis may stifle economic growth while also driving up the value of the US dollar. Brent closed at $US60.50 on Friday and fell in openin...
BP Says US Shale Will Survive Oil Surplus, Iran Agreement
Shale output in the United States will prove resilient to low oil prices likely to be prolonged by the prospect of half a million barrels per day of Iranian crude making its way back to the market, BP’s (BP.L) c...
New York State Bans Fracking Due to Environmental, Health Concerns
New York State has officially banned the use of hydraulic fracturing to extract natural gas, citing its potential impact on health and the environment. The state has long had a de facto ban on the practice, known as f...
US Rejects Appeals on 2010 Oil Spill
Justices let stand a lower court ruling that said the owners of the blown-out Macondo well could not avoid federal fines for the spill by blaming another company’s failed equipment. The firms argued that the oil...
Fall in Crude Prices Causes Sales to Drop in US
Share sales by US oil and gas companies have slowed sharply in recent months, in a sign of the tightening financial pressures on the industry following the fall in crude prices. US exploration and production companies...
