united states | Egypt Oil & Gas - Part 6

Despite Thawed Relations, US Not Lured by Cuba’s Oil

Cuba unveiled new data Wednesday that it said confirmed there were billions of barrels of oil beneath its Gulf of Mexico waters but admitted there was little interest in new exploration, even with the thaw in U.S. re ...

OPEC Production, US Crude Oil Imports Increase

US refiners in the Gulf Coast imported 26.4 MMbbls (million barrels) of crude oil in April 2015—compared to 20.5 MMbbls in March 2015 from Saudi Arabia, according to data from the U.S. Customs and Border Protection. ...

US Shale Oil Firms: Refracking Not Best Path in Downturn

Refracking, the practice of fracking an oil and gas well a second time, is still too unpredictable to rely on as a way to slash costs and increase output during the oil price slump, top U.S. shale oil executives said ...

Top US Shale Producer Betting on Oil Price Hike to Expand Drilling

EOG Resources Inc., the biggest shale producer in the U.S., will increase drilling activity as soon as oil prices stabilize at $65, anticipating a six-week long price rally will continue through the end of the year.

US State of Maine Looks to Export LNG to Europe

An energy company is looking to export natural gas to Europe from Downeast Maine, changing the scope of a project that has been in the works for over a decade.

US Senate Votes for Oil Train Safety and Energy Independence

The state Senate passed a measure Monday night to improve the safety of oil transportation, one of two competing bills that deal with the increasing shipments of crude oil through the state.

Oil Prices Recover as Netanyahu Speaks to US Against Iranian Deal

Oil rebounded on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned the Obama administration against accepting a weak nuclear deal with Iran, while rival Libyan forces targeted oil terminals in the African n ...

Long-serving Apache CEO Farris Retires

Steven Farris, chairman, president, and CEO of Apache Corp. (NYSE, Nasdaq: APA) will be retiring.

Iraq Increases Basrah Crude Prices to Asia, Reduces Them for U.S. and Europe

Iraq, OPEC’s second-largest producer, raised the selling price for February shipments to Asia of its main Basrah Light crude by 30 cents a barrel, after Saudi Arabia boosted its pricing to the region.

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