production | Egypt Oil & Gas - Part 77
Correction: Egypt to Produce 26 Tcf from Zohr
Eng. Mohamed Al Masry, Chairman of EGPC has estimated that between 23 and 26 tcf of gas are expected to be extracted from Eni’s gas field, Zohr, noting that production will start at the beginning of 2017. Accord...
Libyan Oil Output Remains Under 400,000 Barrels per Day amid Instability
Libya’s crude oil production remains less than 400,000b/d, the Tripoli-based National Oil Corporation (NOC) announced, according to Arab News. The NOC operates many of the fields and facilities which have come under a...
US Shale Oil Production Declining
The decline of US shale oil production is to continue with a projected drop of 116,000b/d in February, adding to an overall decline of about 640,000b/d since the production peak in March 2015, Bloomberg reported citin...
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...
GE’s Industrial Software to Upgrade ENOC
GE and Emirates National Oil Company (ENOC) have signed a Memorandum of Understanding (MoU) to develop technologies that will strengthen energy conservation at ENOC’s facilities and enhance the performance of ENOC’s f...
Libya’s NOC Garners More International Support
Libya’s National Oil Corp. (NOC) in Tripoli said it was to resume production from two oil fields, including the biggest Sharara, after more than a year. According to Reuters, commodities trader Glencore said it recogn...
Saudi Cabinet Makes Tentative Pronouncements on Oil Price Cooperation
Saudi Arabia’s cabinet said it was ready to cooperate with OPEC and non-OPEC countries to achieve market stability, reported Reuters. “The council (of ministers) … stressed the kingdom’s role i...
Iran Invites Global Partners for Gas, LNG Ambitions
Iran is dramatically increasing its natural gas export capacity in preparation for the lifting of international sanctions, President Hassan Rouhani said during the second day of the Gas Exporting Countries Forum (GECF...
