US | Egypt Oil & Gas - Part 16
BP to Pay $20b in Environmental Damage Over 2010 Oil Spill
In the largest environmental settlement in the US history, oil and gas giant BP will pay over $20b to the American government over damages caused by an rig explosion and oil spill on April 20, 2010 in the Gulf of Mex ...
TransCanada to Buy Columbia Pipeline Group for $10.2b
TransCanada, the company behind the controversial Keystone XL oil pipeline, said it will buy Columbia Pipeline Group for $10.2b, creating one of North America’s largest regulated natural gas transmission businesses.
US Gulf Oil, First Foreign Co. to Enter Mexico’s Gasoline Market
US based Gulf Oil LP it is entering Mexico's gasoline retail market, becoming the first foreign company to do after the energy reform that ended more than seven decades of government monopoly in the sector.
US Presidential Candidate Clinton Calls for Sanctions Against Iran
US Democratic presidential front-runner Hillary Clinton called for sanctions against Iran after the Islamic Republic brushed off US concerns and test-fired two ballistic missiles that it said were designed to be able ...
Chevron Cuts Capital Spending Plans for 2016-2018
US energy giant Chevron said it was further cutting spending plans for 2016-2018 to address low oil and natural gas prices that are hammering its profits. The company will also slash 10% of its workforce in 2016.
Exxon Mobil Records First US Crude Export
After a 40-year ban on US oil exports was lifted, Exxon Mobil Corporation became the first major American oil company to export crude oil trying to ease the crisis in the oil market in the US, together with other oil ...
Chevron’s Mega Gas Project in Australia Starts Production
US Chevron Corporation commenced LNG and condensate production at the $54b Gorgon Project on Barrow Island, located off the northwest coast of Western Australia. Its first cargo is scheduled to be shipped in mid March.
IS-Produced Fuel Allegedly Sold in Europe
Fuel produced by Islamic State is suspected to be sold at gas stations in Bulgaria, while the trade is further aiming for Europe.
