Oil | Egypt Oil & Gas - Part 36
GUPCO Breaks it’s All Time Production Record
Gulf of Suez Petroleum Co. (GUPCO) announced its success in breaking the company’s all time production record, by increasing its levels to 84,000 b/d of oil and 2,300 b/d of condensates. In addition the company also g...
Africa’s PetroCurrencies Hit by Low Oil Prices
Africa’s petrocurrencies have been hit by low oil prices, plaguing economies of Angola, Nigeria, and Algeria, most notably, Quartz reported. Angola’s economy is in a rough spot, and its currency just hit a recor...
Nigeria’s Refineries Start Production to Stabilize Supply
Several of Nigeria’s struggling oil refineries are back in production and making enough gasoline to help stabilize supply in the country, a spokesman for the Nigerian National Petroleum Corporation (NNPC) said, ...
Explorers in Senegal Reveal Better-than-Expected Oil Flows
Melbourne-based junior explorer, FAR has conducted latest drilling tests offshore of Senegal and revealed better-than-expected results of oil flows from the SNE-2 well, drilled about 100km off the coast, according to ...
Nigeria Navy Destroys Illegal Oil Refineries
The Nigerian Navy has destroyed 48 illegal oil refineries, 8,000 metric tons of stolen oil, and 200 metric tons of refined gasoline (diesel), in a recently conducted operation in the Niger-Delta territory, DailyPostNg...
ISIS Employs Foreign Workers to Keep its Oil Flowing
The so called Islamic State (ISIS or IS) militant group had employed thousands of workers to keep crude pumping from rudimentary wells captured in the oil fields of Iraq and Syria, according to Iraq Oil Report. Oil re...
Nigeria Expects US to Resume Crude Oil Purchase
The US is believed to soon resume its oil trade relations with Nigeria by purchasing ‘very limited’ quantities of Nigeria’s crude, according to a statement by Nigeria’s Minister of State for Pe...
Norway to Help Kenya Develop its Oil Sector
Kenya has entered into a long-term ‘Oil for Development’ program agreement with Norway to develop its local oil sector by providing support in the management of Kenya’s natural resources and protecti...
