Egypt to Receive First Israeli Gas as Early as March
Egypt will begin importing natural gas from Israel under a $15 billion deal as early as March.

(Bloomberg) -- Egypt will begin importing natural gas from Israel under a $15 billion deal as early as March if an undersea pipeline connecting the Mediterranean neighbors is found to be in good condition, moving the country closer to its goal of becoming an energy-exporting hub.



Ensco and Rowan to Merge in $12B Deal
The companies have entered into a definitive transaction agreement to create an offshore drilling powerhouse.

Offshore drilling contractors Ensco plc and Rowan Companies plc have agreed to a $12 billion merger, the companies announced Oct.



Crude Touches One-Week Low as Iranian Shortage Fears Are Eased
Oil slipped to a one-week low amid signs that Iranian supply disruptions may not be as severe as expected.

(Bloomberg) -- Oil slipped to a one-week low amid signs that Iranian supply disruptions may not be as severe as expected.



(Bloomberg) -- Even though Beijing hasn’t sanctioned American oil imports yet, Chinese buyers aren’t taking any chances.

The world’s second largest economy halted purchases of U.S.



Petrochemicals Becoming Largest Oil Demand Drivers
Petrochemicals are becoming the largest drivers of global oil demand, according to a major study by the International Energy Agency.

Petrochemicals are becoming the largest drivers of global oil demand, according to a major study by the International Energy Agency (IEA).



Oil and Gas Cyber Attacks Increased in Past Year
Cyber attacks in the oil and gas sector increased over the past year, according to Mike Spear, industrial cyber security global operations director at Honeywell.



Support Activities for Mining Rise by 6,000 in September
The US energy sector is seeing significant increases in support activities for mining.

While mining employment remained relatively unchanged for the month of September (oil and gas extraction declined by 500 jobs), support activities for mining (which includes oilfield services) gained 6,000 jobs, according to data released Oct.



Offshore Guyana Pipe Coating Contracts Go to Shawcor
Shawcor to provide thermal insulation and anticorrosion pipe coating services.

Saipem has awarded Shawcor Ltd.’s pipe coating division contracts to provide pipe coating services for the Liza phases I and II deepwater development projects offshore Guyana, Shawcor reported Thursday.



Cuadrilla to Start Fracking in Lancashire
Cuadrilla expects to start hydraulically fracturing the shale rock around the first of its two horizontal shale gas exploration wells at its UK Preston New Road site in the next week.



Crude Oil Futures Down for the Week
The stage could be set for lower prices ahead.

The November West Texas Intermediate (WTI) crude oil futures contract price gained a penny Friday, settling at $74.34.

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