Oil | Egypt Oil & Gas - Part 98
Iraq’s Crude Exports Increased in December
Iraq’s crude oil exports reached 2.94 million b/d in December, a new record high, taking the country’s 2014 monthly average to 2.517 million b/d, as the recent deal with Kurdish authorities begins to bear ...
Kuwaiti Oil Drops to $47.36
The price of Kuwaiti oil went down by $3.99 Monday to $47.36 per barrel compared to $51.35 last Friday, said Kuwait Petroleum Corporation (KPC) Tuesday. The global oil price dropped tremendously in the beginning of th...
DNO Completes Drilling on Tunisian Offshore Well
Drilling has concluded on the Jawhara-3 well in Tunisia’s Sfax offshore exploration permit, according to operator DNO. The well was drilled vertically drilled to a TD of 2,815 m (7,168 ft). It encountered water in the...
Gazprom Brings Third Well in Iraq’s Badra Field onto Production
JSC Gazprom Neft said a third well in the Badra field in eastern Iraq has come on production, ensuring “sustainable” rates of at least 15,000 b/d. Drilling of another three wells continues. The field has been in comme...
Statoil Announces Valemon Offshore Oil and Gas Field on Stream
On January 3rd the Valemon gas and condensate field in the North Sea was brought on stream by Statoil and partners. Recoverable reserves from the field are estimated at 192 million barrels of oil equivalent. “Valemon ...
Oil Extends Decline From 5 1/2-Year Low as Glut Persists
Oil fell for a third day, extending its drop from the lowest close since 2009, as record supplies from Iraq and Russia bolstered speculation that a global glut that drove crude into a bear market will persist. Futures...
Egypt agrees timetable to pay $3 bln to oil firms
Egypt has agreed a timetable to pay $3 billion of the $6.3 billion it says it owes foreign oil companies, the state news agency reported, as part of the drive to revive confidence in its economy hammered by nearly thr... TransGlobe Announces North Dabaa New Oil Discovery
TransGlobe Energy Corporation is pleased to announce a successful Jurassic gas/condensate test in the Western Desert at North Dabaa 1X. East Ghazalat Block, Arab Republic of Egypt (50% working interest, non-operated) ... 
