oil
Egypt to reduce arrears to foreign oil companies before end 2017 – minister
Egypt
November 12, 2017
Egypt to reduce arrears to foreign oil companies before end 2017 – minister
Egypt’s government expects to further reduce arrears owed to foreign oil companies before the end of 2017, the energy minister…
Oil prices fall for second day on oversupply concerns
Economy
October 3, 2017
Oil prices fall for second day on oversupply concerns
Oil prices fell on Tuesday, declining for a second day and sapping more strength from a third-quarter rally, amid signs…
Saudi-owned Motiva closes Port Arthur refinery
Business
August 30, 2017
Saudi-owned Motiva closes Port Arthur refinery
Motiva Enterprises has closed its refinery in Port Arthur, Texas — the biggest in the nation — because of floodwaters…
Egypt signs oil and gas exploration deals with Shell, Apex
Business
August 29, 2017
Egypt signs oil and gas exploration deals with Shell, Apex
Egyptian Oil Minister Tarek El Molla has signed three oil and gas exploration deals for 16 new fields in the…
Oil markets roiled as Hurricane Harvey hits US petroleum industry
Economy
August 28, 2017
Oil markets roiled as Hurricane Harvey hits US petroleum industry
Oil markets were roiled on Monday after Hurricane Harvey wreaked havoc along the US Gulf coast over the weekend, crippling…
Petroleum Ministry to narrow gap between energy consumption, production
Egypt
August 23, 2017
Petroleum Ministry to narrow gap between energy consumption, production
The Petroleum Ministry seeks to narrow the gap between production and consumption by accelerating the implementation of new gas and…
Special Report: Vladimir’s Venezuela, Leveraging loans to Caracas, Moscow snaps up oil assets
Economy
August 14, 2017
Special Report: Vladimir’s Venezuela, Leveraging loans to Caracas, Moscow snaps up oil assets
Venezuela’s unraveling socialist government is increasingly turning to ally Russia for the cash and credit it needs to survive, and…
Venezuela’s Maduro celebrates new assembly, mocks US criticism
World
July 31, 2017
Venezuela’s Maduro celebrates new assembly, mocks US criticism
Venezuelan President Nicolas Maduro on Monday celebrated the election of a new legislative body that is expected to give the…
Official denies Egypt imports LNG from Qatar
Egypt
July 28, 2017
Official denies Egypt imports LNG from Qatar
An official source from the Ministry of Petroleum has said that Egypt has never directly imported natural gas from Qatar,…
Suspected Boko Haram militants kidnap oil survey team in northeast Nigeria
Middle East
July 26, 2017
Suspected Boko Haram militants kidnap oil survey team in northeast Nigeria
Suspected Boko Haram insurgents have kidnapped 10 members of a geological research team from the University of Maiduguri in northeast…