US Shale to Decline by 68,000 bbl/d in October
US oil output is predicted to fall in October by 68,000 barrels per day (bbl/d) after output is set to decrease from seven major shale formations.
oil production | Egypt Oil & Gas - Part 12
Haftar Willing to Reopen Libyan Oil Ports
Eastern Libyan commander Khalifa Haftar is set to permit the country’s oil ports to reopen after an eight-month blockade.
Energean Egypt Production Records 38,000 bbloe/d in H1 2020
Energean’s Abu Qir’s production recorded 38,000 barrels of oil equivalent per day (bbloe/d) in H1 2020, exceeding 2020 guidance of 34,000 - 37,000 bbloe/d.
Novak: 2020 Oil Demand Could Fall by 10 mmbbl/d
Russia’s Energy Minister, Alexander Novak, has predicted that global oil demand could fall by 9-10 million barrels per day (mmbbl/d) this year due to the impact of the COVID-19 pandemic.
Bapetco Exceeds Production Plans by 11%
Badr El-Din Petroleum Company’s (Bapetco) Badr 1 production recorded 1.15 million barrels of oil (mmbbl) in the fiscal year (FY) 2019/20, an 11% increase from initial plans.
GUPCO’s Production Averages at 57,000 bbl During FY 2019/20
Gulf of Suez Petroleum Company’s (GUPCO) daily production has averaged around 57,000 barrels (bbl) during fiscal year (FY) 2019/20, and managed 20% in cost reduction per barrel last June.
US Oil Production Rises 4% in June
US oil production showed signs of recovery after June saw an increase of 4.1%, however, production levels have not fully recovered from the dramatic plunge in May.
Kamal: Egypt to Achieve Fuel Self-sufficiency Soon
Egypt will very soon achieve self-sufficiency in diesel and gasoline very soon, Osama Kamal, the Former Minister of Petroleum and Mineral Resources stated.
Pharos’ Egypt Production Record 5,979 bbl/d in H1 2020
Pharos’ crude production recorded 5,979 barrels of oil per day (bbls/d) during H1 2020 in Egypt.
Egypt’s TransGlobe Production Records 11,990 BBLS/D in Q2 2020
TransGlobe Egypt production averaged at 11,990 barrels of oil per day (bbls/d) in Q2 2020.
