US | Egypt Oil & Gas - Part 16

US Shale Production Drops

US shale fields across the country reported production drops of a combined 80,000 b/d, the EIA

Nigeria Resumes Crude Exports to US

After flows of Nigerian crude to the US during past June and July were partly driven by high prices for domestic light sweet crudes, in September a few Nigerian cargoes were heading to US refineries.

Lack of Progress on a Deal to Combat Climate Change

Frustration is growing amongst diplomats wrangling over their own lack of progress on a deal to combat climate change.

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

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