Cost | Egypt Oil & Gas

Equinor Postpones Bay du Nord Canada Oil Project Over Rising Costs

Norway’s Equinor decided that due to rising costs, the company will delay its Bay du Nord Canadian offshore oil project for up to three years.

Egypt Pays EGP 60.1 B in Fuel Subsidies in 9 Months

Fuel subsidies cost thus decreased by 28.45% compared to the EGP 84 billion paid in the first nine months of FY 2017/18.

ERC to Payoff Mostorod Loans in 2018

The Egyptian Refining Company will begin paying off the first installment of external loans for the company's refining project at Mostorod starting 2018, immediately following the project's launch.

Saudi SABIC Records Cost Slump, Low Sales

Acting Chief Executive of Saudi Basic Industries Corp (SABIC) announced that the giant company has recorded an 18% slash in its Q2 costs of 2016, down from the first three months of the year.

North Sea Shedding Assets, Employees

Oil and service companies operating in the North Sea are writing down assets and firing workers in an effort to lower production expenses,

Jordan says Egypt gas cuts cost Amman $2 bln

Energy-poor Jordan warned on Monday that cut-offs in unstable Egyptian gas supplies could cost the kingdom more than $2 billion this year.

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