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Business
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Markets & Companies
10/29/2023 2:56:07 PM
Egypt’s General Authority for Investment and Free Zones (GAFI) granted four golden licences to facilitate $487 million in investments in four new projects by Samsung Electronics Egypt, Egyptian Natural Gas Company (GASCO), Fayoum for Stores and Warehouses, and EgyptSat2.
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Business
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Energy
10/26/2023 6:05:45 PM
The European Union (EU) is considering a proposal to add an electrical interconnection project between Greece and Egypt to its list of Projects of Common Interest (PCIs), which will facilitate funding and issuing permits for the project.
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Business
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Energy
10/25/2023 10:05:30 PM
Natural gas prices experienced a significant surge to an eight-month high due to geopolitical tensions and uncertainty stemming from the Israeli war on Gaza, which started on 7 October, according to a report by Kuwait’s KAMCO Investment Company.
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Business
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Energy
10/23/2023 8:25:16 PM
Qatar has agreed to supply Italian firm Eni with natural gas for 27 years, the Gulf emirate's state-owned energy company announced Monday, the latest in a series of major deals.
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Business
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Energy
10/21/2023 3:13:43 PM
Israel's escalating war on Gaza and fears of an imminent ground invasion could further strain global oil and gas supplies, already disrupted by the war in Ukraine, experts have warned.
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World
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International
10/17/2023 5:02:27 PM
Greta Thunberg was detained by British police on Tuesday alongside other climate activists who gathered outside a central London hotel to disrupt a meeting of oil and gas company executives.
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Business
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Economy
10/17/2023 1:46:01 PM
Egyptian state-owned Sidi Kerir Petrochemicals (Sidpec) signed an agreement with the Nigerian company Rungas to establish a gas cylinder factory in Egypt, according to a statement by Sidpec on Monday.
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Business
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Energy
10/9/2023 10:29:29 PM
American oil giant Chevron Corp. said Monday that at Israel’s instruction, it had stopped production at its offshore Tamar natural gas rig in the Mediterranean Sea off Israel.
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Business
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Markets & Companies
10/4/2023 10:49:42 PM
Benchmark US crude oil for November delivery fell $5.01 to $84.22 a barrel Wednesday. Brent crude for December delivery fell $5.11 to $85.81 a barrel.
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Business
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Markets & Companies
10/2/2023 11:11:27 PM
Benchmark US crude oil for November delivery fell $1.97 to $88.82 a barrel Monday. Brent crude for December delivery fell $1.49 to $90.71 a barrel.
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Business
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Energy
10/1/2023 7:39:39 PM
The Netherlands halted extraction from Europe's biggest gas field on Sunday, which resulted in earthquakes that have shaken local residents for decades and threaten to persist.
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Business
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Economy
10/1/2023 5:38:14 PM
Egypt could save EGP 108 billion ($3.49 billion) annually through the daily power-cut plan that commenced in July, President Abdel-Fattah El-Sisi said during the Hikayat Watan conference on Saturday.
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World
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Africa
10/1/2023 3:11:53 PM
Nigeria's President Bola Ahmed Tinubu on Sunday proposed a temporary minimum wage hike and more cheap gas-powered public transport among other measures to help offset the impact of his economic reforms as labour unions threatened a national strike.
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World
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International
9/30/2023 10:38:08 PM
Last gasp moves to prevent a US government shutdown took a dramatic step forward Saturday, as Democrats overwhelmingly backed an eleventh-hour Republican measure to keep federal funding going for 45 days, albeit with a freeze on Washington's massive aid to Ukraine.
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Sports
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World
9/30/2023 10:16:58 PM
Tottenham snatched a dramatic 2-1 win against nine-man Liverpool as Joel Matip's last-gasp own-goal ended the Reds' resistance after Curtis Jones and Diogo Jota were sent off.
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World
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International
9/30/2023 8:16:58 PM
With the US government just hours from shutting down on Saturday, Republican Speaker Kevin McCarthy pitched a last-gasp stopgap measure to avoid a closure that would throw into doubt everything from access to national parks to Washington's massive support for Ukraine.
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Business
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Economy
9/30/2023 6:47:22 PM
Egypt has converted 507,000 vehicles to run on natural gas as part of its national initiative meant to replace old cars that use traditional gasoline, the Ministry of Petroleum and Mineral Resources stated Thursday.
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Business
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Energy
9/28/2023 2:59:05 PM
Saudi Aramco on Thursday announced its first global investment in liquefied natural gas, part of a broader bid by the energy giant to expand beyond oil.
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Business
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Markets & Companies
9/27/2023 11:14:43 PM
Benchmark US crude oil for November delivery rose $3.29 to $93.68 a barrel Wednesday. Brent crude for November delivery rose $2.59 to $96.55 a barrel.
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Business
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Energy
9/27/2023 6:13:08 PM
Britain on Wednesday gave the go-ahead for a major oil and gas project in the North Sea, ignoring warnings from scientists and the United Nations that countries must stop developing new fossil fuel resources if the world is to avoid catastrophic climate change.
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