Egyptian authorities may seek over $1 billion in damages for helping to clear the Ever Given from the Suez Canal, as a dilemma emerges over who might foot the bill. “We will reach over a billion […]
In the end, it took roughly six days and seven hours to undo the minutes of drama that exposed the vulnerability of global trade and captivated the world. It may take longer to figure out how […]
Energy News Beat Publishers Note: George Friedman has an outstanding look at world political winds and their impact on economic implications. Sign up for his newsletter at geopoliticalfutures.com. I’ve often written about chokepoints – those […]
You’d think a world tiptoeing its way out of the coronavirus pandemic might only be good news for governments and economies. Yet the consequent surge in the price of energy, metals and crops is highlighting the strengths of some and […]
Cairn Energy Plc reshuffled its portfolio, selling $460 million of assets in the U.K. North Sea and buying projects in Egypt’s Western Desert from Royal Dutch Shell Plc. Both deals, announced Tuesday and seen completing in […]
Apex International Energy, which is backed in part by UK energy investment firm Blue Water Energy, has announced a new oil discovery in Southeast Meleiha Concession (SEM), located in the Western Desert of Egypt. The […]
Chevron and other companies helping to develop Israel’s natural gas fields will invest around $235 million in pipelines to export the fuel to Egypt. The partners in the Leviathan and Tamar fields, which sit off […]
What options does a nation have when its future depends on another country’s decisions about a resource the other country controls? That’s what Egypt has to figure out. Ethiopia’s decision to build a dam on […]
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