$150 Oil Possible if Hormuz Remains Shut, Says Wood Mackenzie

• Wednesday, 4th March 2026
• by Doaa Ashraf

The escalation of conflict in the Middle East following US and Israeli strikes on Iran has placed global energy markets on edge, Wood Mackenzie, a global research and consulting firm,said, warning that oil and LNG pri...

Anadarko to Decide on Mozambiques’s LNG Project

• Sunday, 18th September 2016
• by Egypt Oil & Gas

US’s Anadarko Petroleum Corporation, a Houston-based organization,  plans to decide on establishing a $15b liquified natural gas (LNG) project in Mozambique, All Africa reported. The project relates to the compa...

UK North Sea Oil Industry to Lose 146 Offshore Rigs

• Sunday, 7th February 2016
• by Egypt Oil & Gas

The UK North Sea oil industry is likely to lose estimated 146 offshore oil platforms, down 25%, over the next 10 years, as many oil fields in deep waters will become uneconomic, according to industry analysts cited by...