Oil | Egypt Oil & Gas - Part 52
Algeria Increases Oil Production by 32,000 b/d
OPEC member Algeria has increased crude oil output by 32,000 barrels per day after starting production at two fields, an energy ministry official said on Sunday.
Press Release: Egyptian Ministry of Petroleum
The Minister of Petroleum and Mineral Resources, Sherif Ismail, announced that the launching of the new Suez Canal project is a message of hope to the Egyptian people and a gift to the world.
Magapetco Plans Investments for its Hurghada Concession
Chairman Magawish Petroleum Company (Magapetco), Hamdi Hanafi, affirmed that his company’s investment plan for the 2015/2016 fiscal year includes pumping investments of over EGP 70m into its Hurghada concession area.
Chevron Boosts Efficiency Even as Profits Slide
For Chevron Corp., a dollar spent in the Permian Basin can get 35 percent more oil out of the ground than it could last year, as drilling costs have fallen and as the company works faster on more fertile wells.
Ghana and Suriname Offshore Blocks Progressing
Tullow Oil says its three-field TEN development project offshore Ghana is around 65% complete and on schedule for first oil in mid-2016.
Q3 Startup of Nigerian Offshore Field Announced
Lekoil has issued an update regarding operational activity at the Otakikpo marginal field in Nigeria.
Petroleum Sector Imports Projected at $16m for Current Fiscal Year
Egypt expects to import 28.6 million tons of crude oil, liquefied natural gas (LNG) and other oil products worth a total of almost $16 billion in 2015-16, the planning ministry said.
Ghana Economy Reels from Low Oil Prices
Oil has gone from savior to curse for Ghana.
