Cost Reduction
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GUPCO’s Production Averages at 57,000 bbl During FY 2019/20
Tuesday, 1st September 2020
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.
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ExxonMobil to Defer Employer Match to Savings Plans
Wednesday, 5th August 2020
ExxonMobil Company announced that it would hang the employer match to retirement savings plans starting from October 2020.
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Nigerian Oil Minister: OPEC Must Lower Production Costs
Thursday, 2nd March 2017
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.
Latest News
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El Molla Showcases Ramallah Visit Results Before Cabinet
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Wintershall Dea Records High production level of 650,000 boe/d in Q4 2020
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Hungary Considers Importing Natural Gas from Egypt
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Egypt, Palestine to Develop Gaza Gas Field
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 63.71 | +0.78% |
Crude Oil (Brent) Brent | USD/bbl | 67.62 | +0.87% |
NYMEX Natural Gas | USD/MMBtu | 2.85 | -0.87% |
OPEC Basket Price | USD/bbl | 63.73 | +2.79% |
Last Modified February 25, 2021