production | Egypt Oil & Gas - Part 80
Mexico Changes Bid Round Approach
After disappointing results from its last action round, the Mexican government is sprucing up the terms of its new auction for oil and gas blocks off the coast, said the Financial Times. The Mexican oil sector was ope...
ExxonMobil Starts Nigerian Erha North Phase 2 Production Early
ExxonMobil Corporation said that its subsidiary, Esso Exploration and Production Nigeria Limited, has started oil production ahead of schedule and under budget at the Erha North Phase 2 project offshore Nigeria, Petro...
East Libya to Punish Oil Firms Backing Rival Government
Libya’s internationally recognised government plans to boost oil production five-fold and will punish companies working with a rival cabinet striving to control the divided North African nation’s crude dep...
Angola’s Oil Production Goal for 2016 ‘Overly Optimistic’
Angola is unlikely to produce 2m b/d in 2016, said the office of economic and financial studies of the Portuguese bank BPI, adding that this is “an overly optimistic goal,” MacauHub reported. “The Angolan authorities ...
Ganope Production Increased to 31,000 B/D
According to Abu Bakr Ibrahim, Chairman of Ganope, the company has made a total of 17 agreements, in addition to 5 new agreements currently being finalized, reported Egypt Oil & gas (EOG). The 5 agreements were th...
Sherif Ismail: Exploration Activity Important to Egyptian Economy
Prime Minister Sherif Ismail said that optimizing the usage of natural resources, boosting exploration activities, increasing local production, as well as reserves ensure maximizing the value added to the national eco...
US Shale Production Drops
US shale fields across the country reported production drops of a combined 80,000 b/d, the EIA said. The drop in production is lower than expected, being a smaller reduction than what was observed over the last four m...
Eni to Increase Production from Noras Field by 300 MCF/D
Italian energy giant Eni intends to add about 300 mcf/d to the Noras field in the Western Desert, by the end of 2015, reported Daily News Egypt. According to sources at EGAS, the increase is attributed to the three w...
