A team from El Wastani Petroleum Company (WASCO) restored production from the Balsam-3 well, which had been slated for permanent abandonment. The well yielded approximately 5 million standard cubic feet of gas per day (m...
US ExxonMobil has commenced production from Yellowtail, its fourth oil development in Guyana’s offshore Stabroek block, four months ahead of schedule. The company reported an initial average production of 250,000 barre...
Libya’s NOC on 4 August signed an MoU with ExxonMobil, marking the potential return of the US oil giant after more than a decade of absence due to ongoing instability (MEES, 4 October 2013). The agreement was signed in...
Baker Hughes, an energy technology company, has completed its $540 million acquisition of Continental Disc Corporation (CDC) from investment partnerships managed by Tinicum Incorporated. The acquisition will immediately ...
Oman’s abundant gas reserves underpin the sultanate’s industrial expansion strategy, and the sultanate is investing to expand its distribution network to support growing industrial clusters. OQ Gas Networks (OQGN) ow...
Amid a turbulent second quarter of the year, Saudi Aramco’s downstream segment produced a robust performance (see p8). In marked contrast to the firm’s core upstream business, downstream revenues and earnings have in...
Amea Power is joining the second phase of the Agadir reverse osmosis desalination project in Morocco, the UAE-based firm announced on 1 August, marking its first such project in North Africa. Development of the 275,000 m...
Egypt has not signed a new agreement to import Israeli gas, clarified Moataz Atef, the Undersecretary for the Minister’s Technical Office and Official Spokesperson of the Ministry of Petroleum and Mineral Resources, ...
A late July surge of LNG cargoes drove Egyptian imports to a record monthly high of 1mn tons, Kpler data shows. This was enabled by the start-up of the 750mn cfd Energos Eskimo and 750mn cfd Energos Power FSRU’s, which...
Minister of Petroleum and Mineral Resources Karim Badawi has announced a new round of transfers and appointments involving senior officials at the ministry, the Egyptian Natural Gas Holding Company (EGAS), and several pe...
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