UAE oil income to peak at $122 bn in 2012

• Thursday, 12th April 2012
• by Egypt Oil & Gas

The UAE's hydrocarbon export earnings are expected to climb to their highest ever level of more than $122 billion in 2012 because of high production and prices, according to the International Monetary Fund (IMF).

Drilling Alamein Yields Adverse Outcomes

• Thursday, 1st March 2012
• by Egypt Oil & Gas

Several recent drilling operations in the Alamein area have resulted in extremely minor output of hydrocarbon, which has prompted several problems among petroleum companies.

Iran discovers another gas field worth $133 billion

• Wednesday, 10th August 2011
• by Egypt Oil & Gas

Hydrocarbon-rich Iran has discovered another gas field with reserves of 495 billion cubic meters, valued at $133 billion, the oil ministry's SHANA news service quoted an oil official as saying Monday.

Eni makes a new hydrocarbon discovery offshore Ghana

• Tuesday, 2nd August 2011
• by Egypt Oil & Gas

Eni has made a new hydrocarbon discovery offshore Ghana through the Gye Nyame 1 well, which is located in the OCTP block 50 km off the Ghanaian shoreline.