Latest Energy News
Egypt plans to spend $16bn importing petroleum products in FY 2015/2016
EGAS issues second international bid for foreign companies in July
Shell resumes offshore drilling in Arctic
Royal Dutch Shell PLC announced on Friday that drilling operations had resumed…
OPEC, Russia: ‘Oil market to stabilize’
The Organization of Petroleum Exporting Countries and Russia have said sharp drops…
‘People will not accept crappy terms’ for Iranian oil
Amid sliding oil prices, OPEC's secretary-general is in Moscow to discuss the…
Oil spill payments sink BP into the red
British energy giant BP recorded multi-billion dollar losses in the second quarter…
Explosion shuts down Turkey-Iran natural gas pipeline amid increasing violence
The gas flow between Iran and Turkey has been shut down after…
Bolivia to explore for oil in protected areas
Bolivia has given the green light to oil exploration in seven of…
Low oil price weighs on BASF earnings
The world's largest chemical company, BASF, has said continuously low oil prices…
Diminishing conventional energy sources versus economy growth
By the rate of consumption of crude oil which is around 4.5bn…
Brent oil prices reach highest level for 2015
JPMorgan Chase raised its expectations for oil for the years 2015 and…
