Egypt eyes 2018 global auction for oil and gas drilling in southern, Red Sea areas
Egypt is planning a 2018 global auction for petroleum and gas drilling in the country’s southern and Red Sea…
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China shares hit 21-month high; Turkish lira takes a dive
Chinese shares climbed on Monday after a week-long break as a disappointing survey on the country’s service…
Oil up on expectation of Saudi production restraint, lower US rig count
Oil prices edged up on Monday, after a two percent slide on Friday, on expectations that Saudi Arabia would…
Oil markets firm on rising refinery demand, falling US rig count
Oil prices dipped early on Monday but remained near multi-month highs reached late last week as the count of U.S.…
US crude rises 44 cents, settling at $47.87, as US Gulf Coast braces for hurricane
Oil prices rose on Friday as the dollar fell and as U.S. petroleum industry braced for Hurricane Harvey, which…
Arab Contractors to complete drilling two car tunnels under Suez Canal soon
Egypt’s state-run construction firm Arab Contractors says it is near to complete drilling of 700 metres under the…
Oil prices hit 2-month high on tighter US market, Venezuela sanctions risk
Oil prices hit a two-month high on Monday, lifted by a tightening U.S. crude market and the threat of sanctions…
Oil prices recover some losses but market still under pressure
Oil prices recovered some losses on Monday after a three percent fall in the previous session, but markets remain…
Oil prices driven up by futures bets, but market remains bloated
Oil prices rose early on Monday as futures traders bet the market may have bottomed after a recent steep fall,…
SDX Energy finishes drilling campaign at SD-1X well in Egypt
North Africa focused oil and gas company SDX Energy Inc said on Friday drilling on the SD-1X on the South Disouq…