production | Egypt Oil & Gas - Part 66
Oil Prices Rally on News of Declining US Shale Production, OPEC Meeting
Global oil prices rose in mid August amid news of declining US shale oil production, and rumors of an emergency OPEC meeting, The Wall Street Journal reported.
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.
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.
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.
Production to Begin Soon in Nigeria’s Aje Field
The Aje shallow-water field offshore Lagos might begin crude oil production before the year runs out following the commencement of drilling on the Aje-5 production well on the Oil Mining Licence 113.
Petrobel to Increase its Production Levels
Sherif Ismail, Minister of Petroleum and Mineral Resources received a report from Atef Hassan, head of Belayim Oil Company (Petrobel) about the company’s new strategy to maximize the country’s petroleum wealth, in it ...
Iran’s Yaran Oilfield May Come Online in April, Says Official
The official in charge of the development plan of Iran's North Yaran oil field says the field will start producing crude oil as of next April.
Egypt’s Gas Production on the Decline
Egypt’s average natural gas production declined this year to 4.395bn cubic feet per day, compared to about 4.6bn cubic feet in 2014. 
