drilling | Egypt Oil & Gas - Part 26
Algeria Increases Oil Production by 32,000 b/d
OPEC member Algeria has increased crude oil output by 32,000 barrels per day after starting production at two fields, an energy ministry official said on Sunday. Production increased on Saturday when the Bir Sebaa fie...
Magapetco Plans Investments for its Hurghada Concession
Chairman of Magawish Petroleum Company (Magapetco), Hamdi Hanafi, affirmed that his company’s investment plan for the 2015/2016 fiscal year includes pumping investments of over EGP 70m into its Hurghada concession are...
Chevron Boosts Efficiency Even as Profits Slide
For Chevron Corp., a dollar spent in the Permian Basin can get 35 percent more oil out of the ground than it could last year, as drilling costs have fallen and as the company works faster on more fertile wells. San Ra...
Ghana and Suriname Offshore Blocks Progressing
Tullow Oil says its three-field TEN development project offshore Ghana is around 65% complete and on schedule for first oil in mid-2016. Highlights during the first half of this year include running two well completio...
Q3 Startup of Nigerian Offshore Field Announced
Lekoil has issued an update regarding operational activity at the Otakikpo marginal field in Nigeria. Re-entry activities on Otakikpo-002 started with the successful drilling-out of the cement plugs in the 9⅝-in. casi...
Contractor Awarded $500m by BP and DEA for North Alexandria
Subsea 7 S.A. today announced the award of a contract with a value of approximately USD 500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt. The con...
Shell Icebreaker Takes on Repairs in US State of Oregon
Environmental activists in Portland are protesting the arrival of the Fennica, a vessel that Royal Dutch Shell PLC plans to use in its Arctic offshore drilling project after it’s repaired. The damaged ship, a 38...
Gulf of Mexico Drilling Rigs Sit Idle
The Gulf of Mexico and the Caribbean Sea have become a garage for deepwater drillships — at a cost of about $70,000 a day each. It’s either that or send your precious rig to a scrapyard. The dilemma underscores ...
