Egypt

Oil Rigs Undergo Repairs After Hurrican Katrina

The major discovery is good news for Egypt but will likely impede Israel’s much-delayed plans to exploit and export its own offshore reserves. In an August 30 press release, Italian energy company Eni announced that it has found a “supergiant” natural gas field off the coast of Egypt. Discovered more than 13,000 feet below the… Keep reading →

Manufacturing To Be A Key Election Issue

Italian energy group Eni has claimed to have found one of the world’s largest natural gas fields off the Egyptian coast. [BBC News] A spike in oil prices helped energy shares reverse an early decline on Monday. [ABC/AP] An energy storage study claims that prices for battery technologies will plunge up to 60% over the next… Keep reading →

Oil Price Rise Sees Increase in Suez Canal Traffic

Egyptian energy production and distribution company TAQA Arabia is working to help tackle the country’s acute energy shortages. Egypt is struggling with electricity generation and delivery issues – among other energy-related problems – that require flexible solutions. Egypt’s growing population and power generation needs have bumped up against domestic energy production capacity, with demand exceeding… Keep reading →

Venezuelans Loyal To Former President Hugo Chavez Mark One Year Anniversary Of His Death

  Times are changing and Opec is not what it once was in terms of oil price influence, but it’s too soon to completely dismiss the producer group that collectively controls such a large share of the world’s oil production, reserves, exports and thus supply. In this article, a Saudi diplomat argues his country “gets… Keep reading →

Tamar, The Natural Gas Production Platform Off The Israeli Coast, Is To Begin It's Natural Gas Production

Developing the abundant natural gas resources discovered offshore Israel is a complicated endeavor that involves considerable geopolitical diplomacy in addition to the traditional commercial details that must be worked out when building multi-billion dollar energy projects. “Natural gas is both a geopolitical tool and a target in Israel, where a newfound bonanza of resources has… Keep reading →

Report Claims 20 Percent Of US's Energy Could Come From Wind Power

Tax reform talk is heating up in Congress as they hurry to pass a tax extenders bill before year end. Iowa Senator Chuck Grassley wants the controversial wind energy production tax credit included in the bill. “I’m concerned about rumors that some are working to leave out or shorten the extension of the wind energy… Keep reading →

Solar Power Brings Light To Bedouin Arab Village

The Egyptian government wants the country to receive 20% of its power from renewable energy sources by 2020 and will auction 2GW of wind power capacity and 2GW of solar capacity next month to advance that goal. The country desperately needs to bolster its power generation capacity so it will also seek bids for 4… Keep reading →

marcellus

Natural gas production from the Marcellus shale formation – primarily from West Virginia and Pennsylvania – exceeded 15 billion cubic feet per day through July, equivalent to 21% of total 2013 US marketed gas production. With the rig count essentially stable, increases in drilling productivity are driving output growth. “…production from new wells is more… Keep reading →

Tamar, The Natural Gas Production Platform Off The Israeli Coast, Is To Begin It's Natural Gas Production

Piping Israeli gas to liquefaction plants in Egypt is the most commercially logical option but remains politically risky. The announcement of a letter of intent between the partners in Israel’s giant Tamar natural gas field and the Spanish owners of a liquefied natural gas plant on Egypt’s Nile Delta coast is a major breakthrough, one… Keep reading →

Dow Drops Below 7000 For First Time In 12 Years

Many investors were left scratching their heads after BG Group sacked chief executive Chris Finlayson earlier this week after a little over a year on the job. The company has faced headwinds in Brazil and crisis in Egypt, but Finlayson’s performance was not terrible, all things considered. BG has gone through 3 CEO’s and 4… Keep reading →

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