By Al Arabiya With Agencies Egypt has terminated a controversial long-term gas supply deal with Istael, Ampal-American Israel Corporation, which owns a stake in a company that exports natural gas from Egypt to Israel, said on Sunday. Ampal said in a statement that its partner company, East Mediterreanean Gas Company (ENG), “considers the termination attempt [...]
All posts in category Energy
Egypt terminates controversial gas supply deal with Israel: stakeholder
Posted by Evan Trowbridge on April 22, 2012
http://evantrowbridge.com/2012/04/22/egypt-terminates-controversial-gas-supply-deal-with-israel-stakeholder/
Obama moves to curb oil speculators
NEW YORK (CNNMoney) — The Obama administration proposed new measures Tuesday to limit speculation in the oil markets, seeking to draw a contrast with Republicans who have been calling for more domestic drilling during a time of near record gasoline prices. The new proposals require oil traders to put up more of their own money [...]
Posted by Evan Trowbridge on April 17, 2012
http://evantrowbridge.com/2012/04/17/obama-moves-to-curb-oil-speculators/
Kuwait mulls different plans to deal with potential Hormuz closure
By AFP KUWAIT CITY Kuwait is mulling “many scenarios” in case the strategic Strait of Hormuz is closed, disrupting its vital oil exports, a top official said on Monday. “We are discussing many scenarios but we have not decided which” plan to adopt, the CEO of national oil conglomerate Kuwait Petroleum Corp (KPC), Faruq al-Zanki, [...]
Posted by Evan Trowbridge on April 9, 2012
http://evantrowbridge.com/2012/04/09/kuwait-mulls-different-plans-to-deal-with-potential-hormuz-closure/
North Korea planning new nuclear test, South Korean intelligence report says
STORY HIGHLIGHTS NEW: North Korean state media has not made any announcements NEW: Professor: The country knows how to “manipulate the world” South Korea intelligence report says North Korea plans nuclear test North Korea appears to be pressing ahead with its planned rocket launch Seoul, South Korea (CNN) — North Korea is planning a new [...]
Posted by Evan Trowbridge on April 9, 2012
http://evantrowbridge.com/2012/04/09/north-korea-planning-new-nuclear-test-south-korean-intelligence-report-says/
BP, Plaintiffs Reach Settlement in Gulf Oil Spill Case – WSJ.com
BY TOM FOWLER BP PLC has agreed to a no-cap settlement with thousands of individuals and businesses affected by the Deepwater Horizon disaster, but the oil giant estimates its costs will be about $7.8 billion. According to statements released late Friday by BP and a committee of lawyers representing Gulf coast plaintiffs the settlement will [...]
Posted by Evan Trowbridge on March 3, 2012
http://evantrowbridge.com/2012/03/03/bp-plaintiffs-reach-settlement-in-gulf-oil-spill-case-wsj-com/
Israel won’t warn U.S. before pre-emptive strike against Iran’s nuclear facilities
By Al Arabiya with Agencies Israeli officials say they won’t warn the U.S. if they decide to launch a pre-emptive strike against Iranian nuclear facilities, according to one U.S. intelligence official familiar with the discussions. The pronouncement, delivered in a series of private, top-level conversations, sets a tense tone ahead of meetings in the coming [...]
Posted by Evan Trowbridge on February 28, 2012
http://evantrowbridge.com/2012/02/28/israel-wont-warn-u-s-before-pre-emptive-strike-against-irans-nuclear-facilities/
8 reasons why gas will hit $5 a gallon this year
By Paul Ausick and Douglas A. McIntyre, 24/7 Wall St. The price of gas is a widely covered news item these days. Oil prices have moved up from $75 a barrel in October of last year to more than $100 a barrel currently. And the trend continues to point toward even higher oil prices. Of [...]
Posted by Evan Trowbridge on February 25, 2012
http://evantrowbridge.com/2012/02/25/8-reasons-why-gas-will-hit-5-a-gallon-this-year/
BP loses attempt to share Deepwater Horizon oil spill costs | The Guardian
An attempt by BP to offload a major part of its Gulf of Mexico oil-spill compensation bill on to the US rig operator Transocean has been thrown out by a US court. The setback comes in the run-up to the main legal case against BP and its partners on 27 February in New Orleans, which [...]
Posted by Evan Trowbridge on January 28, 2012
http://evantrowbridge.com/2012/01/28/bp-loses-attempt-to-share-deepwater-horizon-oil-spill-costs-the-guardian/
EU bans Iranian oil, Tehran responds with threats
The European Union banned imports of oil from Iran on Monday and imposed a number of other economic sanctions, joining the United States in a new round of measures aimed at deflecting Tehran’s nuclear development program. In Iran, one politician responded by renewing a threat to blockade the Strait of Hormuz, an oil exporting route [...]
Posted by Evan Trowbridge on January 23, 2012
http://evantrowbridge.com/2012/01/23/eu-bans-iranian-oil-tehran-responds-with-threats/
Iran oil embargo, central bank sanctions set to be agreed by EU states
By AL ARABIYA WITH AGENCIES A freeze on the assets of Iran’s central bank alongside a planned embargo on oil exports have been agreed in principal by European Union governments, EU diplomats said on Wednesday. “On the central bank, things have been moving in the right direction in the last hours. There is now [...]
Posted by Evan Trowbridge on January 18, 2012
http://evantrowbridge.com/2012/01/18/iran-oil-embargo-central-bank-sanctions-set-to-be-agreed-by-eu-states/
