PMS, ABL Announce Strategic Rig Movement Partnership for Red Sea

• Sunday, 23rd November 2025
• by Fatma Ahmed

Petroleum Marine Services (PMS) has launched a unified offshore rig movement service covering the Red Sea and Gulf of Suez. PMS launched the service in collaboration with the UK-based ABL Group. This strategic exp ...

GUPCO’s Production Averages at 57,000 bbl During FY 2019/20

• Tuesday, 1st September 2020
• by Editorial Team

Gulf of Suez Petroleum Company’s (GUPCO) daily production has averaged around 57,000 barrels (bbl) during fiscal year (FY) 2019/20, and managed 20% in cost reduction per barrel last June.

ExxonMobil to Defer Employer Match to Savings Plans

• Wednesday, 5th August 2020
• by Fatma Ahmed

ExxonMobil Company announced that it would hang the employer match to retirement savings plans starting from October 2020.

Nigerian Oil Minister: OPEC Must Lower Production Costs

• Thursday, 2nd March 2017
• by

Nigerian Minister of Oil, Emmanuel Ibe Kachikwu said that Members of the Organization of the Petroleum Exporting Countries (OPEC) must lower production costs to compete better with shale producers.