The recent revocation of a crucial US license permitting Venezuela to export oil globally and attract investment …
Chevron
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FeatureIndustry & TradeTech/AI
Israel’s Tamar gas field partners to expand production
by Aya Anwarby Aya AnwarPartners in Israel’s Tamar natural gas field announced on Sunday that they had agreed to increase production …
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FeatureIndustry & TradeTech/AI
Shell begins layoffs to boost performance
by Sama Mousaby Sama MousaShell Plc. has started laying off hundreds of employees with some in its low-carbon solutions unit among …
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Africa NewsBanksFeatureMENA NewsMoneyNews
Afreximbank awards exhibitors at IATF2023
by Sama Mousaby Sama MousaThe African Export-Import Bank (Afreximbank) awarded a number of exhibitors at Intra-African Trade Fair (IATF 2023) on …
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FeatureIndustry & TradeInternational NewsNewsTech/AI
Chevron to buy competitor Hess for $53bln
by Sama Mousaby Sama MousaUS energy giant Chevron said on Monday it will buy its rival Hess in a $53 billion …
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FeatureIndustry & TradeTech/AI
Egypt’s gas imports fall 19% as Chevron shuts Tamar field
by Yomna Yasserby Yomna YasserEgypt’s natural gas imports from Israel have dropped 19 percent on Monday after Chevron Corp. was instructed …
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Industry & TradeInternational NewsNewsTech/AI
Israel tells Chevron to shut down Tamar gas field
by Yomna Yasserby Yomna YasserChevron said on Monday that it had been instructed by Israel’s energy ministry to shut down the …
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Egypt NewsFeatureIndustry & TradeMENA NewsNewsTech/AI
UAE’s Dragon Oil seeks to buy 20% stake in Egypt’s Nargis gas field
by Nada Aliby Nada AliDubai-based Dragon Oil is seeking to purchase a 20 percent stake in Egypt’s Nargis offshore concession area …
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International NewsNews
Chevron profits fall to $5.8 billion in preliminary results for Q2 of 2023
by Nada Aliby Nada AliChevron, the second-largest U.S. oil firm, reported second-quarter earnings on Sunday that its net profit declined to …
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Egypt NewsFeatureIndustry & TradeNewsTech/AI
Chevron to drill 1st exploration well in Egypt’s Red Sea in H1 2024
by Sama Mousaby Sama MousaThe American energy company Chevron is about to drill its first exploration well for oil and natural …