Coronavirus | Egypt Oil & Gas - Part 3
Chesapeake to Half Number of Active Rigs
Chesapeake Energy has announced its long-term plan amidst filing for bankruptcy and will operate half the number of active rigs in the second half of the year compared to Q1, according to Reuters. Chesapeake was the l...
El Molla Issues New Coronavirus Measures
The Minister of Petroleum and Mineral Resources, Tarek El Molla, announced new instructions that will be applied after Egypt had eased precautionary measurements taken to combat coronavirus, according to a press relea...
Deadline for Gold Bid Round Extended by Two More Months
The Ministry of Petroleum and Mineral Resources announced the extension of the deadline of the international bid round for gold and associated minerals for two more months due to the current global situation of the co...
Egypt Eases Coronavirus Restrictions
The Prime Minister, Moustafa Madbouly, announced lifting some of the precautionary measures taken to combat coronavirus and abolished nighttime curfew that was imposed to limit the spread of the disease, according to ...
China’s Refinery Output Rises 8.2% YoY in May
China’s crude oil throughput in May rose 8.2% year-on-year (YoY) following independent refiners increasing production in response to the growing fuel demand as coronavirus lockdown restrictions ease, according to Reut...
IDSC Issues Two Reports on COVID-19 Impact on Energy Markets
The Egyptian Prime Minister, Moustafa Madbouly, has received two reports from the Information and Decision Support Center (IDCS) presenting the repercussions of the coronavirus pandemic on the international as well as... Petroleum Ministry Obliges Facial Masks in Workplaces
The Ministry of Petroleum and Mineral Resources issued strict instructions for the sector’s companies to oblige their employees as well as visitors to wear facial masks during their presence in workplaces to combat co...
US Crude Production Falls by 0.2% in March
US Crude oil production fell by 0.2%, or 28,000 barrels of oil per day (bbl/d), to 12.7 million barrels per day (mmbbl/d), according to Reuters. This represents the lowest recorded level since October 2019 and the red...
