US | Egypt Oil & Gas - Part 8

EU Retains Tariffs on US Biodiesel

The tariff extension case was reviewed by the European Commission, which announced that the US biodiesel producers would hike to full capacity, adding that they could shift sales from less profitable markets, in t ...

Lime Rock to Purchase Texas Oil, Gas Assets for $508.3 M

Lime Rock Resources will buy oil and gas properties in the Delaware Basin of Texas for $508.3 million from “a private seller”.

El Molla Discusses Ways to Boost Cooperation with Bechtel

Tarek El Molla, Minister of Petroleum and Mineral Resources, discussed methods to increase cooperation in the petroleum sector between Egypt and the US with Stuart Jones, President for Regions and Corporate Affair ...

Baker Hughes’ US Oil Rig Count Increases in April

The number of Baker Hughes’s rotary drilling rigs operating in the US has increased on April 16, recording 439 rigs.

BP Strikes Oil in Gulf of Mexico

BP has made a new oil discovery at Green Canyon Block 821 in the Puma West prospect in the deepwater US Gulf of Mexico.

Chevron to Acquire Noble Midstream Partners Shares

Chevron has entered an agreement with Noble Midstream Partners LP to acquire all of the 33.925 million non-owned shares in an all-stock deal.

Saudi Arabia, Russia Differ in OPEC+ Meeting

Saudi Arabia and Russia are once again on contrary before crucial OPEC+ meeting about the oil market, according to Bloomberg.

Suez Canal Favorite Route for US LNG Tankers

The Suez Canal Authority (SCA) has succeeded in attracting the largest amount of the LNG tankers between the US and Far East at January 2021 compared with the competing routes and channels, according to the ARGUS ...

India Receives 2 mmbbl Cargo of Carbon-Neutral Oil from US

The American Occidental Petroleum Company stated that its Oxy Low Carbon ventures subsidiary has supplied a cargo of 2 million barrels of carbon-neutral oil to Reliance Industries Company of India.

Lightsource BP Complete $380 MM Financing Package for Solar Projects

Lightsource BP company announced it has successfully completed the financing package of $380 million for Elm Branch and Briar Creek solar projects in Texas.

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