united states | Egypt Oil & Gas - Part 6
Dollar Hits a Low as Oil Prices Maintain Upward Trend
The dollar touched its lowest level in 11 weeks and US and European equities remained under pressure as the recent sell-off in government bonds on both sides of the Atlantic showed few signs of abating. The moves came...
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. rel...
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. T...
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.Th...
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. The proposal to build a liquefied natural gas import faci...
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. Senate Bill 5057, sponsore...
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 na...
