Obama bans oil drilling ‘permanently’ in millions of acres of ocean
Outgoing US President Barack Obama has permanently banned offshore oil and gas drilling in the "vast majority" of…
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Energy
Stocks close slightly higher; energy weighs
U.S. stocks closed higher Monday in low volume trade as traders bought some recently less-favored sectors, while…
Aramco, GE to launch Saudi Arabia’s first wind turbine next month
Saudi Aramco plans to commission its wind turbine pilot project, the first in the kingdom, next month, the state…
Oil prices climb in anticipation of tighter 2017 market
Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC…
Stocks close lower after Fed raises rates; energy and utilities drop 2%
U.S. stocks fell in choppy trade Wednesday, led lower by energy and utilities, after the Federal Reserve raise…
Oil, dollar, energy shares and bond yields leap on OPEC deal
Oil prices and energy shares swept higher on Thursday after OPEC agreed to cut crude output to clear a glut, while…
Italy’s Eni: Egypt Nooros gas field producing 900 million cubic feet/day
Italian oil giant Eni said its Egypt Nooros field is a producing almost 900 million cubic feet of gas per day and…
Siemens investments in Egypt hit €8b: German Ambassador
The total investments of German industrial group Siemens in Egyptian energy sector reached €8 billion, German…
China’s Shanghai Electric plans building Waste-to-energy plant in Egypt
Chinese electrical equipment manufacturer Shanghai Electric targets establishing a factory to generate power using…
Green energy firms start feed-in tariff talks in Egypt
Renewable energy companies have started negotiations with foreign and domestic banking institutions in Egypt to…
