US | Egypt Oil & Gas - Part 10
OPEC Loses $76b for US Shale
OPEC lost $76b in 2016 due to low oil prices caused by rising US oil production.
Nigeria Loses Oil buyers to the US
While Nigeria has been struggling to recover from the militant attacks that affected its crude oil productions and exports, the US crude oil exports emerged into markets that Nigeria used to dominate.
El Molla Met with Apache’s CEO
Egyptian Minister of Petroleum, Tarek El Molla, met with Apache's CEO, John Christmann to discuss expanding the company’s exploration projects in Egypt.
Saudi Arabia Cuts Oil Supplies to the US
Saudi Arabia's oil exports to the US will decrease by around 300,000b/d during March, and total shipments would remain around March levels in the coming months.
Total Eyes 50% Stake in Iran’s South Pars 11
France’s energy giant Total is soliciting permission from US authorities to implement a slew of projects worth several billion dollars in Iran. Nigeria’s Crude Oil Exports to US Triple
Nigeria tripled the volume of it’s crude oil exports to the United States from last year, seven years after the US began depending less on Nigeria’s crude.
Aramco to pay Shell $2.2b to Dissolve JV
Saudi Aramco finalized the execution of definitive agreements with Royal Dutch Shell plc to separate and transfer the assets, liabilities and businesses of the Motiva Enterprises LLC joint venture (JV).
Iran, Total to Finalize $2b Gas Contract
Iran and French energy giant Total will finalize a $2b gas contract in April, according to Iranian Oil Minister, Bijan Namdar Zanganeh. 
