US | Egypt Oil & Gas - Part 14

US Shale Producers Lose Price Bet

The majority of US shale oil and gas producers passed up the opportunity to hedge prices by guaranteeing at least $60/b last quarter, Reuters

Defiant Sudan Leader in China Despite ICC Arrest Warrant

Sudanese President Omar Hassan al-Bashir on Monday began a four-day visit to China, reported International Business Times, oblivious of a warrant for his arrest issued by the International Criminal Court (ICC).

India’s ONGC Pursuing Gas and LNG Deal Worth $24b in Mozambique

India’s state-run exploration company ONGC is investing in a massive offshore Mozambique gas field with estimated reserves of more than 75 tcf,

Oil Prices Drop Amid Global Downturn

Oil prices for benchmark WTI and Brent crude fell on Monday as stock markets suffer heavy losses and global markets slow down,

Iran Welcomes South Koreans, Has Mixed Feelings over US Firms

According to Reuters South Korean government and corporate officials are visiting Iran to take advantage of the full removal of sanctions.

North Dakota Sets Records for Oil, Gas Production

The US state of North Dakota recorded an average gas production rate of 1.6 mcf/d and an oil production rate of 1.21m b/d for the month of June,

Major US Refinery Shuts Down; Creates Oil Glut and Gasoline Dearth

A large gasoline refinery in the US state of Indiana has shut down for repairs after technicians discovered leaking pipes, Bloomberg

Qatar Between Rival Gas Powers, Iran and US

Qatar’s Foreign Minister Khalid Al Attiyah said on Tuesday that a “serious dialogue” with Iran was called for to solve several outlying challenges in the region, reported Gulf News.

US Takes Advantage of Slowing Solar Market in China

U.S. investors are keying in on Chinese solar manufacturers as a way to profit from the slowdown in the world’s second-largest economy.

Chevron Boosts Efficiency Even as Profits Slide

For Chevron Corp., a dollar spent in the Permian Basin can get 35 percent more oil out of the ground than it could last year, as drilling costs have fallen and as the company works faster on more fertile wells.

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