- 18 October, 2024
Egypt seals multiple energy deals with both domestic and international oil giants
On Friday, Egypt’s oil and petroleum minister informed said that the country signed nine oil and natural gas exploration deals worth $1 billion with both
Uncertainties plague Libya’s new push for oil exports
The country’s warring factions are desperate enough for oil revenues that they have come together to strike a deal to commence exports. But challenges remain.
Libya’s NOC welcomes US sanctions on three traffickers operating between Libya and Malta
On Thursday, the Libyan state oil company, National Oil Corporation (NOC), welcomed the decision by the United States of America to impose financial sanctions on
Yemen accuses Houthis of capitalizing on tanker issue
The crisis of the decaying tanker off Yemen’s coast is of grave concern to the region, but the Houthis are selfishly using the issue to further their agenda, according to the government….
Decommissioning Works Takes Priority In Oil Exploration In Lockdown Times
Despite the energy companies slashing their exploration and production budgets, decommissioning work seems to be on top priority….
European gas prices likely to turn negative
Abundant supply, low demand and full storage capacity is what marred the US oil market, pulling crude prices to negative territory, almost a month ago….
Arab Economies Set for Multilevel Blow Due To COVID-19: IMF
With the slowdown due to COVID-19 the Arab economies are set to face major shock at many levels, stated the regional head of International Monetary
Iraq: Katyusha missiles targeted a US oil company
On Monday morning, rockets landed near a foreign workers’ neighborhood in the oil sector which includes the American “Halliburton” company for oil services in Iraq,