production | Egypt Oil & Gas - Part 78

Eni to Start Development of Shorouk Block in January

Development operations in the natural gas field off the country’s Mediterranean coast will start in January 2016, said Lapo Pistelli, V-P of the Italian company.

Algeria to Raise Gas Output by 13% by 2019

Algeria plans to increase natural gas output by 13% by 2019 to reverse a decline in energy production in recent years that has hit its export earnings and spending policy, the energy ministry said

EGAS Chairman: Egypt will Close the Gas Consumption, Production Gap by 2018

In exclusive statements made to Al-Borsa, EGAS Chairman Khaled Abdel Badie, said that Eni's new discovery will definitely contribute towards balancing Egypt's gas production and consumption by 2018, once combined wi ...

Egypt’s Gas Consumption Rises to 1,765 BCF

Vice Chairman for Operations & Natural Gas Grids told Egypt Oil & Gas (EOG) that natural gas local consumption increased during Fiscal Year 2014/2015, reaching 1,765 BCF (an average of 5,000 MMSCFD).

Libyan Production Levels Out After Attacks and Protests

Libya's state oil firm, the Arabian Gulf Oil Co (AGOCO), announced that it is now producing at a stable rate of 220,000 b/d

Bapetco Increases Production to 132,600 B/D, Adds 5M in Oil Reserves

The chairman of Badr El Din Petroleum Company (Bapetco), a joint venture between the EGPC and Royal Dutch Shell, recently announced the addition of exploratory well Bed3C6-1 to production, Daily News Egypt

Sea Dragon Producing a 1000 Barrels from its Petroamir Concession

Ahmad Farid Moazz, general manager of the Canadian oil exploration company Sea Dragon operating in Egypt, confirmed that the company’s total production is currently at 1,000 b/d.

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.

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