Massive flames shot into the sky over northern Sinai on Saturday after a section of a pipeline that carries gas from Egypt to Israel and Jordan exploded, according to a security official in the region. ...read more
The analytical report issued by Egypt Oil & Gas to assess the performance of Khalda Petroleum revealed disparities in the company's production indicators of crude oil and natural gas. ...read more
UAE-based Dana Gas completed the drilling of a new exploratory well in the Nile Delta area. PLUTO-1 is a gas-producing well. It was drilled using the EDC-66 rig to a vertical depth of 7,300 feet, the cost of which has averaged $2 million. ...read more
Belayim Petroleum Company (Petrobel) announced the successful drilling of a new developmental well in its concession area of the Sinai Peninsula. ...read more
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INDUSTRY POLL
Should the EGPC become the sole entity representing government in dealing with investors, as proposed by Petroleum Minister Eng. Abdullah Ghorab?
Iraq has resumed oil exports via an undamaged pipeline to Turkey after they were cut by an explosion in the country's northern neighbour, officials said on Monday. more...
A Nigerian militant group based in the oil-producing Niger Delta said on Sunday it had attacked an oil pipeline owned by Italian firm Eni where witnesses said there was a fire late on Saturday. more...
U.S. crude oil prices slipped towards $97 a barrel on Thursday as a larger-than-expected rise in crude oil stocks outweighed support from upbeat manufacturing data in China, the United States and Germany. more...
In its modern history, Egypt has never been subject to Islamist political domination, and the upcoming experiment is already the source of anxiety for many with a stake in the country’s economic future. The oil and gas sector stands to be affected by any significant changes in policy.
In our interview of last month with Petroleum Minister Eng. Abdullah Ghorab, he stressed the importance of overhauling EGPC. The minister’s plan has prompted various responses. Therefore, it behooved EOG to interview a number of those experts and document their responses, since their collective wisdom could prove beneficial in guiding the process of overhauling the EGPC.
