Tag: America
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Oil and gas in America… disappointment in exploration and production activity (article)
Read in this article The US activity is far from the expectations announced by many specialists Great discipline of oilfield services capital leads to higher costs The federal government shows no signs of cutting spending to ease inflationary pressures The availability of labor affects the ability of employers to expand the activity All uncertain economic…
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The Lebanese Energy Minister holds America responsible for delaying the transfer of Egyptian gas
Lebanese Energy Minister Walid Fayyad held the United States responsible for delaying the transfer of Egyptian gas and Jordanian electricity to his country through Syrian territory, which Beirut was counting on to solve the electricity crisis. More than 600 days have passed since the US ambassador to Beirut, Dorothy Shea, pledged to provide a solution…
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America aims to buy 12 million barrels to fill the strategic oil reserve
US President Joe Biden’s administration intends to buy back more than 12 million barrels to fill the strategic oil reserve, which recorded a noticeable decline after Washington released millions of barrels last year to counter the sharp rise in oil prices against the backdrop of the Russian-Ukrainian war. The Biden administration aims to buy back…
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Holding the first oil and gas tenders in America after delays that lasted nearly a year
Yesterday, Thursday, May 25 (2023), the first tenders for the sale of oil and gas exploration concessions in America were held, after delays of nearly 11 months, generating nearly $80 million for federal coffers. It is the second auction of its kind to be held in New Mexico – the second largest oil-producing state in…
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Gasoline prices in America are down 26% before the Memorial Day holiday
Gasoline prices in America continue to decline year-on-year, as global crude oil prices continue to decline, amid economic uncertainty and oversupply. A report issued by the US Energy Information Administration, today, Thursday, May 25, 2023, showed that the average retail price of regular gasoline – adjusted for inflation – in the United States was $…
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The Iranian petrochemical industry is courting investors in Europe and America
The Iranian petrochemical industry has achieved remarkable successes recently, as part of the country’s aspirations to develop the leading sector, increase global competition, and open new markets. In this context, the CEO of the National Iranian Petrochemical Industries Company, Morteza Shahmirzai, said that his country has a market for long-term investments. Shahmirzai added that the…
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Energy security is a major axis for strengthening relations between America and the Gulf states (article)
Read in this article The United States has become one of the largest producers of LNG in recent years America, along with Qatar, has become the world’s two largest exporters of liquefied natural gas The Petrochemical Industry Can Play an Important Role in Transitioning to a Carbon Neutral Society Qatar’s capacity to produce various types…
