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  • JERUSALEM— Egypt's new natural gas bonanza is causing an uproar in Israel, with energy stocks plummeting and recriminations over indecisiveness and infighting that have delayed production from the country's own gas fields. The government is currently struggling to get parliament to approve its natural gas business plan, but observers fear Israel may need...

  • Massive gas find promises to ease Egypt's fuel crisis Monday, 31 Aug 2015 | 12:36 PM ET

    The new "supergiant" offshore Zohr field, revealed a day earlier by Italy's Eni SpA and billed as the "largest-ever" found in the Mediterranean Sea, could alleviate Egypt's need for gas imports in the coming years, when a booming population will lead to a spike in domestic demand. "It's a very useful positive economic factor in Egypt," he said. Last March, authorities...

  • ROME— The Italian energy company Eni SpA announced Sunday it has discovered a "supergiant" natural gas field off Egypt, describing it as the "largest-ever" found in the Mediterranean Sea. Eni said the discovery— made in its Zohr prospect "in the deep waters of Egypt"— could hold a potential 30 trillion cubic feet of gas over an area of 100 square kilometers.

  • Energy firms want say in carbon pricing system Monday, 1 Jun 2015 | 2:02 AM ET
    Greenhouse gas power plant

    Six oil and gas companies have banded together to ask the UN to let them help devise a plan to stop global warming.

  • Is Shell’s ‘problem child’ business growing up? Monday, 18 May 2015 | 11:59 AM ET

    Activists in kayaks have protested against plans by Shell to resume oil exploration in the U.S. Arctic. For analysts, the news means Shell's "problem child" is getting some attention.

  • Steel producers help Europe stocks end higher Thursday, 14 May 2015 | 12:53 PM ET
    Pedestrians carry shopping bags in San Francisco.

    European equities ended higher as new regulation from the European Commission helped the continent's steel producers post strong gains.

  • Energy firms must cut unsustainable costs: Statoil CEO Tuesday, 21 Apr 2015 | 12:57 PM ET
    President and CEO of Statoil, Eldar Saetre

    Norway's largest energy company is cutting costs the hard way rather than scaling back production activity, Statoil CEO Eldar Saetre tells CNBC.

  • Iran piles pressure on US with China oil talks Wednesday, 8 Apr 2015 | 6:11 AM ET
    A view of a petrochemical complex in Assaluyeh on Iran's Persian Gulf coast.

    Tehran officials are in Beijing this week to seek more oil sales, in a move that could pressure the U.S. to sign off on a sanction-lifting deal.

  • Relax, US oil dividends are safe: Analyst Wednesday, 18 Mar 2015 | 12:40 PM ET
    Exxon Mobil workers walk near an entrance to a company location.

    Oil producers across the country face headwinds, but majors have stressed the sanctity of the dividend, Stewart Glickman tells CNBC.

  • Will plunging oil force energy dividend cuts? Monday, 16 Mar 2015 | 6:38 PM ET
    oil crude gas

    Several big oil companies are expected to pay more in dividends than they will earn in 2015. Can the stocks really maintain these fat yields?

  • Egypt for sale? $60B aids 'new era' for nation Monday, 16 Mar 2015 | 11:42 AM ET

    Egypt's attempt to bring money back to the country has been met with relative success, according to its new political leadership.

  • Europe markets close up; oil in the spotlight Friday, 13 Mar 2015 | 12:42 PM ET

    European equities closed slightly higher Friday, as the oil and gas sector took another hit from tumbling oil prices.

  • Eni becomes first oil major to cut its dividend Friday, 13 Mar 2015 | 12:02 PM ET

    Italy's Eni cuts dividend and suspends buybacks - becoming the first oil major to reduce payouts amid a steep oil price decline.

  • Europe shares close flat; FTSE higher on Asos, TSB Thursday, 12 Mar 2015 | 12:30 PM ET

    European equities closed flat on Thursday, as investors reacted to earnings and banking news.

  • US crude oil settles nearly 3% higher Wednesday, 21 Jan 2015 | 2:37 PM ET
    A gas flare is seen at an oil well site outside Williston, N.D.

    US crude closed oil nearly 3 percent, rebounding from falls in the previous session as more energy firms cut investments and the dollar weakened.

  • OPEC chief: Oil to remain at low levels for a month Wednesday, 21 Jan 2015 | 12:35 PM ET
    Secretary General of the Organization of the Petroleum Exporting Countries Abdullah Al-Badri

    OPEC's secretary general says oil prices will remain around their current levels for around a month before rebounding.

  • OPEC cuts 2015 forecast as shale boom persists Wednesday, 10 Dec 2014 | 8:08 AM ET
    Floor hands work on an oil rig in the Bakken shale formation outside Watford City, North Dakota.

    Global demand for oil from OPEC next year will be less than expected because of weaker growth in consumption and the U.S. shale boom.

  • Will low oil prices push Venezuela toward default? Sunday, 7 Dec 2014 | 5:53 PM ET

    Falling oil prices have side-swiped Venezuela's government finances, spurring default concerns, but it isn't clear if contagion effects will emerge.

  • Forgotten OPEC state gains steam—but not for long Friday, 7 Nov 2014 | 1:34 PM ET
    Nigerian oil facility

    Oil production is at the highest in a decade in Nigeria, but the surge is not likely to last long.

  • Exxon staff exit Iraq amid spiraling violence Wednesday, 18 Jun 2014 | 8:38 AM ET
    File photo of South Oil Company (SOC) adjust a valve at the Rumaila oil field in Basra Province.

    The head of Iraq's South Oil Company also insists that current developments have not affected and will not affect oil operations in the south.