Industry & Trade US sets 15-year plan for offshore oil, gas lease sales Aya Anwar Aug 20, 2025 0 The United States has outlined a 15-year schedule to hold more than 30 offshore oil and gas lease sales in the Gulf…
Featured China’s CNOOC sells US assets to INEOS Nada Ali Dec 15, 2024 0 China's CNOOC Ltd has sold its US subsidiary and upstream oil and gas assets in the Gulf of Mexico to British…
Featured Shell to halt production at Gulf of Mexico facilities Aya Anwar Sep 23, 2024 0 Shell announced on Sunday that it will temporarily shut down production at its Stones and Appomattox facilities in…
forex news Oil prices climb on Tuesday amid Hurricane concerns Nada Ali Sep 17, 2024 0 Oil prices continued their upward trajectory on Tuesday due to concerns about US production disruptions caused by…
The Watch Oil prices rise on US rate cut expectations Nada Ali Sep 16, 2024 0 Oil prices rose in Asian trade on Monday, driven by expectations of a US interest rate cut this week.
Commodities Oil up on Monday Aya Anwar Sep 9, 2024 0 Oil prices rose from their lowest level since 2021 after oversold conditions and weather concerns pushed them…
Energy Mexico’s Pemex agrees to transfer control of gas project to Grupo Carso Aya Anwar Apr 18, 2024 0 Mexican state oil firm Pemex has reached an agreement to transfer control of its Lakach natural gas project in the…
News SpaceX rocket explodes minutes following launch Norhan Adel Apr 20, 2023 0 News SpaceX’s rocket designed to go on a round-the-world trip exploded Thursday exploded four minutes following its…
Industry & Trade Gulf of Mexico drilling harmful beyond estimations – study Norhan Adel Apr 9, 2023 0 New research found the climate impact of oil and gas production in Gulf of Mexico is twice the stated estimates, as…
Industry & Trade BP says posts replacement cost of $2.25 billion Yomna Yasser Jul 26, 2016 0 The British energy giant BP PLC reported a second-quarter loss due to a multibillion-dollar charge relating to its…
Industry & Trade U.S.: BP to pay $20 billion in fines for 2010 oil spill Yomna Yasser Oct 6, 2015 0 BP Plc will pay more than $20 billion in fines to resolve nearly all claims from its deadly Gulf of Mexico oil…
forex news Oil Prices stabilize after early falls as Markets eye U.S. Storm, Saudi Strikes Noha Gad Jun 15, 2015 0 Oil prices stabilized after early falls on Monday as a storm that could impact Gulf of Mexico operations supported…
Industry & Trade BP wins Right to appeal some Gulf Spill Damages Claims Noha Gad May 9, 2015 0 A U.S. federal appeals court said on Friday BP Plc deserves the right to appellate review of some damage claims…
Industry & Trade Apache to Sell Egypt Stake to Sinopec for $3.1 bln Yomna Yasser Aug 30, 2013 0 Apache Corp. APA +3.38% struck a deal with China Petroleum & Chemical Corp. (0386.HK, 600028.SH, SNP), or…
forex news Exxon Mobil-Rosneft Deal Signed To Develop Arctic Reserves Yomna Yasser Apr 17, 2012 0 Rosneft and Exxon Mobil have signed a partnership deal, which will see them work together to develop the Arctic's…
forex news BP estimates $7.8 billion to deal over the Mexican Gulf spill Administrator Mar 3, 2012 0 BP Plc. has reached an estimated 7.8 billion dollar deal with businesses suing the company over the massive oil…