gas | Egypt Oil & Gas - Part 44

North Dakota Sets Records for Oil, Gas Production

The US state of North Dakota recorded an average gas production rate of 1.6 mcf/d and an oil production rate of 1.21m b/d for the month of June,

Iranian Gas Between Swiss Sanctions and Indian Investments

According to Reuters Iran announced that the development rights for its Farzad-B gas field will in fact be available to Indian companies, quelling Indian concerns that the contract would instead go to rival European ...

Iran Paves the Way for New Model Contract With $2.2B Deal

In addition to unveiling its new contract model at a conference in London slotted for December, according to Bloomberg Iran has also intends to advertise 45 oil and gas projects to international companies at the said ...

Press Release: Ministries of Electricity and Petroleum to Egyptian Citizens

The Ministries of Electricity and Petroleum announced that the recent significant rise in temperature and humidity taking place in the country has led to an unprecedented increase in demand for electricity consumptio ...

Dana Gas Reports 85% Drop in Profit from Year Earlier

The UAE-based Dana Gas announced an 85% drop in profit compared to last year,

Britain Fast Tracking Fracking Applications

The British government recently announced changes in the way applications for hydraulic fracturing (fracking), are processed, Reuters

UPDATE: BW Gas Finalizes Deal to Provide Egypt with Second FRSU

UPDATE: On Monday, EGAS Chairman Khaled Abdel Badie and BW Gas CEO Carsten Mortensen signed the contract for Egypt's second FRSU, the Cairo Post

Bapetco Increases Production to 132,600 B/D, Adds 5M in Oil Reserves

The chairman of Badr El Din Petroleum Company (Bapetco), a joint venture between the EGPC and Royal Dutch Shell, recently announced the addition of exploratory well Bed3C6-1 to production, Daily News Egypt

Sea Dragon Producing a 1000 Barrels from its Petroamir Concession

Ahmad Farid Moazz, general manager of the Canadian oil exploration company Sea Dragon operating in Egypt, confirmed that the company’s total production is currently at 1,000 b/d.

Oil Prices Rally on News of Declining US Shale Production, OPEC Meeting

Global oil prices rose in mid August amid news of declining US shale oil production, and rumors of an emergency OPEC meeting, The Wall Street Journal reported.

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