Energean to Close Edison E&P Acquisition by December
Energean’s long-running acquisition deal of Edison E&P is expected to be finalized in December of this year.
crude production
TransGlobe Production Rebounds by 1% in October
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 b ...
GPC Invests EGP 195 MM for FY 2019/20 Discoveries
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
Ganope Raises Production by 5% through New Discoveries
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 product ...
Al-Hamra Port Increases Petroleum Exports by 1 mmbbl/d
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 Petroleu ...
US Senators Urge Saudi Arabia to Cut Crude Production
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 urg ...
Saudi Crude Production Hits Record Highs in Early November
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.
Kirkuk Oil Exports Could Reach 400,000 b/d: Kurdish Official
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.
Kuwait to Continue Production Despite Huge Rainfalls
Kuwait will continue its crude oil production, exploration and supply to the domestic market despite suffering from torrential rainfalls.
Oil Prices Plunge $20 since October
Oil prices have dropped by more than $20 since October, falling to $66.5 per barrel from a peak of $86.7.
