OIL AND GAS

17 Apr 2014

Israel and Egypt: A Natural [Gas] Match

Israel’s newfound natural gas wealth is moving the country from energy importer to potential exporter, altering the energy balance of the region in the process. Even more interesting is that Israel’s most promising export market just slipped from energy exporter to importer—that"...

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16 Apr 2014

Newmont Publishes 2013 Sustainability Report

Newmont Mining Corporation (NYSE: NEM) today published its 2013 sustainability report, Beyond the Mine. The report reflects Newmont’s reporting obligations as a founding member of the International Council of Mining and Metals (ICMM) as well as its commitments under the Voluntary Principles on Security and"......

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16 Apr 2014

ADM Announces Significant Actions in Ongoing Portfolio Management

Archer Daniels Midland Company (NYSE: ADM) today announced three significant actions in the company’s ongoing portfolio management: an agreement to sell the company’s South American fertilizer business, pursuit of the sale of the company’s chocolate business, and the acquisition"...

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15 Apr 2014

Construction Begins on Central Project in Wafra Oil Field

Saudi Arabian Chevron Inc. announced today that an integral project entered the construction phase, as leaders from Wafra Joint Operations, the Kuwait Gulf Oil Company, Saudi Arabian Chevron and key business partners supporting the project gathered for a ceremonial groundbreaking on the"...

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15 Apr 2014

Israeli gas holds promise of better ties with neighbours

Israel’s drive to export its newfound natural gas could help to rebuild strained ties with old regional allies Egypt and Turkey, but could deprive Europe of a precious alternative to Russian gas. Israel has in recent months already signed energy deals with Jordan and the Palestinian Authority, though relations with the Palestinians are at a low ebb, and...

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14 Apr 2014

Egypt’s Gas Shortage Sparks Tensions

Egypt has faced almost daily power cuts since the uprising that led to the ouster of the former President Hosni Mubarak in 2011. Now, as summer approaches, officials say they expect up to six hours of power shortages each day as energy consumption increases and supply diminishes.

Gas consumption in Egypt"...

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09 Apr 2014

U.S. Firms Form Consortium to Service Burgeoning Iraq Oil & Gas Market

North America Western Asia Holdings (NAWAH), U.S. Steel Tubular Products, a subsidiary of United States Steel Corporation, and MRC Global Inc. have announced an alliance to bring critical oil well equipment into the natural resources-rich region of southern Iraq. The consortium will serve"...

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09 Apr 2014

70% of Egyptian youth believe traditional energy sources should be subsidised: ASDA’s Burson-Marsteller


The latest survey conducted by ASDA’s Burson-Marsteller, a leading public relations firm, showed that 70% of Egyptian youth believe that traditional energy sources, including electricity and transportation fuels, should be subsidised by"...

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08 Apr 2014

Kuwait in talks to renew oil contracts with Egypt

Kuwait is in talks to renew some of its contracts to supply oil to Egypt and has been looking for potential investments in the energy sector there, the Gulf state’s oil minister said yesterday.

Egypt has been relying on crude deliveries from the Kuwaiti government at favourable terms as well as on donations"...

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