Oil | Egypt Oil & Gas - Part 54
Nigeria Losing Billions of Dollars Due to Oil Corruption
Nigeria, Africa’s largest oil producer, is losing billions of dollars a year due to corruption and inefficiency reported Forbes. The country has come under scrutiny as its president, Muhammadu Buhari has worked to red...
Bill Introduced to Open Up Additional Gulf of Mexico Area to Drilling
The US Senate voted on a bill to allow additional oil drilling off the Florida coast, lifting a former moratorium on drilling within 50 miles of the coast, reported ABC News. The old rules, in place since 2007, prohib...
Petroleum Ministry to List 3 Government Oil Companies on EGX in 2015
Egyptian Minister of Petroleum Sherif Ismail announced that Egypt will choose a local investment bank during the third quarter of the current year to list 3 companies on EGX before the end of 2015, reported Reuters. “...
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. Production increased on Saturday when the Bir Sebaa fie...
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. He explained that its com...
Magapetco Plans Investments for its Hurghada Concession
Chairman of 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 are...
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. San Ra...
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. Highlights during the first half of this year include running two well completio...
