oil production | Egypt Oil & Gas - Part 5

Capricorn Announces WI Production in Egypt Averaged 35,500 boe/d in H1 2022 

Capricorn announced that its working interest (WI) production from Egypt averaged~35,500 barrels of oil equivalent per day (boe/d) in H1 2022.

NOC Working to Ramp Up Production at Alfaragh Field

Libya's National Oil Corporation (NOC) has been hard at work to raise the production capacity of Alfaragh field, aiming to increase the average daily output to 149 million standard cubic feet of gas and 9000 barre ...

Iraq’s Oil Production Increases by Almost 70,000 bbl/d in July

According to data from the state-owned marketer SOMO seen by Reuters on Wednesday, Iraq produced 4.584 million barrels of crude oil per day (mmbbl/d) in July, up 69,000 from June.

OPEC+ Approves Modest Rise in Oil Output

At a time when high oil prices and unstable energy supplies have been exacerbated by Russia's war on Ukraine, OPEC and its allies decided to slow production growth in September.

Iraq Has the Capacity to Increase Oil Production by 200,000 bbl/d

An executive of Iraq's Basra Oil Co. (BOC) told Reuters on Friday that Iraq can increase its oil production by 200,000 barrels per day (bbl/d) this year if asked.

Libya’s Oil Recovery is in Full Swing as Production Increases to 860,000 bbl/d

After lifting its force majeure, estimates indicate that Libya's National Oil Corporation (NOC) and its companies have achieved a relative increase in oil production, with current production reaching 860,000 barre ...

Facing a New Wave of Shutdowns, Libya’s Oil Production Almost Halts

A political crisis in Libya has nearly halted all oil production as more ports and oil fields are shut down. OPEC member's daily production is down by 1.1 million barrels compared to 1.2 million barrels last year ...

El Molla: Oil Prices Will Get Corrected Towards End of 2022

The Minister of Petroleum and Mineral Resources Tarek El Molla has expected that the oil prices will be corrected towards the end of 2022.

TotalEnergies Announces the Sanction of Ballymore Field in Gulf of Mexico

TotalEnergies announced its approval on developing the Ballymore fiedl, located 120 kilometers off the coast of Louisiana in the U.S. Gulf of Mexico. 

Libya Announces Forced Closure of Brega Oil Port

The National Oil Corporation (NOC) of Libya announced that the fourth wave of closure which affects stating the force majeure on the oil port of Brega.

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