crude production
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Energean to Close Edison E&P Acquisition by December
Wednesday, 18th November 2020
Energean’s long-running acquisition deal of Edison E&P is expected to be finalized in December of this year.
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TransGlobe Production Rebounds by 1% in October
Monday, 16th November 2020
TransGlobe's production in October showed significant progress with approximately 12,162 barrels per day (bbl/d), a 1% increase from Q3 2020 and below the revised budget expectations, with Egypt producing 10,303 bbl/d.
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GPC Invests EGP 195 MM for FY 2019/20 Discoveries
Tuesday, 3rd November 2020
The General Petroleum Company (GPC) allocated EGP 195 million for the discoveries made during the fiscal year (FY) 2019/20, Nabil Abdel Sadek, Executive Chairman of the Board of Directors, stated
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Ganope Raises Production by 5% through New Discoveries
Wednesday, 16th September 2020
Ganoub El Wadi Petroleum Holding Company (Ganope) drilled seven exploration wells resulting in two new discoveries, in the Geisum and Tawila fields, and Petromeliha field in the Gulf of Suez and increasing production rates by 5%.
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Al-Hamra Port Increases Petroleum Exports by 1 mmbbl/d
Sunday, 23rd August 2020
Al-Hamra port is likely to increase the petroleum trade and exports by 1 million barrels per day (mmbbl/d) at an estimated cost of $100 million, Hamdy Abdel Aziz, the official spokesman of the Ministry of Petroleum and Mineral Resources stated.
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US Senators Urge Saudi Arabia to Cut Crude Production
Sunday, 12th April 2020
Republican US senators had spoken with the Saudi Energy Minister, Abdulaziz bin Salman; Deputy Defense Minister Khalid bin Salman; and the Saudi ambassador to the United States, Reema bint Bandar bin Sultan to urge crude production cut.
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Saudi Crude Production Hits Record Highs in Early November
Thursday, 22nd November 2018
Saudi Arabia's crude production hit record highs in early November following large orders made in early October in preparation for the loss of Iranian crude from the market.
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Kirkuk Oil Exports Could Reach 400,000 b/d: Kurdish Official
Wednesday, 21st November 2018
Iraq oil exports from Kirkuk could reach 400,000 barrels per day (b/d), up from 300,000 b/d before production was halted in 2017.
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Kuwait to Continue Production Despite Huge Rainfalls
Sunday, 18th November 2018
Kuwait will continue its crude oil production, exploration and supply to the domestic market despite suffering from torrential rainfalls.
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Oil Prices Plunge $20 since October
Thursday, 15th November 2018
Oil prices have dropped by more than $20 since October, falling to $66.5 per barrel from a peak of $86.7.
Latest News
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El Molla reviews plan of Natural Gas Delivery to 1.2 MM Households
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Egypt Launches First Natural Gas Stations App
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Official Gazette publishes Law authorizing Oil Exploration Contracts in Sidi Barrani
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Norpetco Inaugurates HSE Project with $1.3 MM
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 59.91 | +0.27% |
Crude Oil (Brent) Brent | USD/bbl | 62.85 | +0.24% |
NYMEX Natural Gas | USD/MMBtu | 2.88 | +1.30% |
OPEC Basket Price | USD/bbl | 64.24 | -0.20% |
Last Modified March 3, 2021