US | Egypt Oil & Gas - Part 18
OPEC Driving US Shale Downturn
The Organization of Petroleum Exporting Countries—OPEC—is driving US oil and gas rigs to some of their lowest levels in a decade, Bloomberg
US Oil Rig Count Drops to 5-Year Low
Rig counts for US oil drilling dropped to 614 nationwide last week, the lowest level since 2010, Bloomberg
New Federal Regulations Stifle Gulf of Mexico Drilling
Louisiana lawmakers testified recently that new federal drilling safety regulations will severally raise costs and reduce competitiveness, NOLA Media
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,Page 18 of 26
