production | Egypt Oil & Gas - Part 83
Egypt’s Gas Production on the Decline
A senior EGAS official revealed to Al-Bourse newspaper that Egypt’s production of natural gas is declining at a rate of about 130 mcf per month, compared to about 100 mcf during the same period last fiscal year....
Iraq Forum Debates Fixing Oil Policy Priorities
The Iraqi Forum of Intellectuals and Academics, which was established last year in Istanbul, recently held a seminar on industry, oil and electricity in Iraq. I was asked to give a presentation on Iraqi refineries and...
Somalia Risks Paying 90% Oil Revenue to Explorer Under Draft Deal
Soma Oil & Gas Holdings Ltd., chaired by former U.K. Conservative Party leader Michael Howard, has proposed a deal with the Somali government that may grant it as much as 90 percent of the country’s prospective oi...
Update-1: Dana Gas to Develop 20 New Wells
Dana Gas is committed to develop 20 new wells and work-over 17 existing wells in Egypt, in the framework of a $350 million work program, per the Gas Production Enhancement Agreement (GPEA), according to Dana Gas press...
Dana Gas Projects in Egypt Continuing Despite Oil Price Crunch
Sharjah-based Dana Gas reported lower sales and profit in the first quarter, as cost-cutting wasn’t enough to mitigate the effects of lower oil and gas prices, but senior executives see improvements ahead. Dana Gas, w...
Shell and Exxon Beat Earnings Expectations Amid Low-Price Environment
The low oil prices that have been dogging the energy industry led to dramatically lower quarterly earnings for Royal Dutch Shell and Exxon Mobil, but the two giant companies did better than analysts had expected. Rela...
Eni Looks to Increase Oil Output This Year
Italian oil company Eni expects to produce more oil and gas this year as new projects come onstream, it said on Wednesday, after higher output helped it soften the blow of lower crude prices in its first-quarter resul...
Major French Oil Company Total Reports Earnings; Drop in Profit
French oil major Total reported a smaller-than-expected 22 percent drop in first-quarter net profit on Tuesday, helped by rising refining margins and sharp growth in oil and gas production that partly offset lower cru...
