oil

Egypt to reduce arrears to foreign oil companies before end 2017 – minister
Egypt

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

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

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

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

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

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

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

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

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

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…
Back to top button