OIL AND GAS

23 Apr 2014

Egypt Grapples With Energy Crunch as Hot Summer Months Loom


Egypt, already grappling with painful energy shortages, will dramatically increase the price of natural gas piped into some homes and businesses in May, a move that is expected to slightly cut its fuel subsidy"...

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22 Apr 2014

Egypt to lift natural gas prices for homes, businesses

Egypt plans to double the price of natural gas piped into some homes and businesses from next month, but the move will trim its huge fuel subsidy bill only slightly because few premises are connected to the gas network.


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22 Apr 2014

Schlumberger Announces First-Quarter 2014 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.57 billion in the first quarter of 2013.


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22 Apr 2014

Emilio Lozoya of Pemex Chosen as 2014 “Petroleum Executive of the Year”

Energy Intelligence announced today that Emilio Lozoya Austin, CEO of Petróleos Mexicanos (Pemex), has earned the distinction of his peers as “Petroleum Executive of the Year.” The 2014 award, as selected by top global industry executives, will be presented to Mr. Lozoya"...

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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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