capex | Egypt Oil & Gas

ADNOC Announces Discovery of 22 B bbl, Pledges $122 B in Capex

Abu Dhabi National Oil Company (ADNOC) announces the discovery of 22 billion barrels of unconventional oil which is made up of unconventional reserves including shale oil as the company pledges $122 billion in cap ...

Energean Posts Strong Results for H1 2020

International oil and gas exploration and production company, Energean, has recorded strong results for the period ended 20 June 2020 including production levels of 52,100 barrels of oil equivalent per day (boe/d) ...

NNPC Receives $1 B Funding for Upstream Operations

The Nigerian National Petroleum Corporation (NNPC) has received a prepayment funding of around $1billion to support the upstream operations of its subsidiary company, the Nigerian Petroleum Development Company (NP ...

India Initiates 8,363 Oil, Gas Projects 

The Indian government has kick-started in excess of 8,363 oil and gas projects since April following all pandemic related standard operating procedures (SOP).

Saudi Aramco Plans to Cut Capital Spending Further

Saudi Aramco plans to further cut capital expenditure (Capex) in an attempt to try and pay for the $75 billion dividends that were promised to investors.

Saudi Aramco Intends to Boost Capacity by 1 MMBBL/D

Saudi Aramco has announced its intention to boost crude output by an estimated 1 million barrels of oil per day (mmbbl/d) to a total of 13 mmbbl/d, despite the company’s recent cuts in capital expenditure (Capex). ...

Eni Cuts Back on 2020 Targets

Italian company Eni has adjusted the company’s financial outlook for the coming year and has announced capital expenditure (Capex) cuts of 2.3 billion EUR for 2020.

Abu Dhabi Exports, Investments Feel Pinch of Oil Prices

Fabulously wealthy Abu Dhabi is tightening its belt as low oil prices slash its export revenues

Drills and Capex Sacrificed by KMG EP Due to Oil Prices

KazMunaiGas Exploration Production (KMG EP) has been forced to slash its 2015 capex spending and reduce its planned development drilling by 78 wells because of the low oil price environment

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