oil production | Egypt Oil & Gas - Part 28
Oman’s Crude Production, Exports On Rise
Oman’s production of crude oil and condensates in December 2015 rose in total by 1.12%, compared to November 2015, based on figures released in the Ministry of Oil and Gas’s monthly report, said Hellenic Shipping News...
OPEC Projects Oil Price Rise in Early 2016
OPEC announced that global crude oil prices, currently at the seven-year low, could rise in under a year time amid cuts in oil output from some producers, Reuters reported, quoting Secretary-General, Abdullah al-Badri...
Nigeria’s NNPC to Invest $20b in its Operations Next Year
Nigerian National Petroleum Corporation announced planned investments of around $20b in its operations next year, with the aim of ensuring that Nigeria’s crude oil production capacity hits 3m bpd by the end of 2016, T...
Libya’s Oil Production Less Than Quarter of Pre-Arab Spring
Libya’s oil production has dropped to 300,000 b/d, less than a quarter of what it produced before the 2011 fall of Muammar Gaddafi, mostly because of insecurity and closed pipelines, a top official said accordin...
Nigerian Refineries Undergoing Overhauls
Port Harcourt Refining Company (PHRC) managing director Bafred Enjugu told AFP that Nigeria was finally “domesticating” the refining of crude into products, in reference to the successful relaunching of hi...
Russian ERIELL to Drill 25 Wells in West Qurna, Iraq
A leading Russian oilfield services group, ERIELL, has just signed a contract with Lukoil Middle East to drill 25 production wells at the West Qurna-2 oilfield, reported Trade Arabia. As stipulated in the contract, th...
The Shale Boom Is Over For Now
The meteoric rise in U.S. oil production has ended, easing a global glut and driving a rebound in crude prices from below $50 a barrel, according to crude trader and hedge fund manager Andrew J. Hall. Oil production f...
Eni Achieves Record Production in Western Desert
Eni reached a record level of production of 70 thousand b/d in the Western Desert of Egypt, doubling its level of production in three years. Eni announced in a statement. The statement clarified that the increase is i...
