Omani Firms Venturing as Upstream E&P Operators
Wednesday, 6th April 2016
Omani firms are increasingly venturing into upstream oil and gas exploration and production (E&P) sector as operators, long regarded as the exclusive preserve of international players, a senior official at the Ministry of Oil&Gas informed.
Sherif Ismail: Exploration Activity Important to Egyptian Economy
Wednesday, 16th September 2015
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 economy, reported Egypt Oil & gas (EOG).
BRIDGING THE GAP: 2015 ANNUAL GLOBAL WORKING CAPITAL SURVEY OF THE OIL & GAS SECTOR
Tuesday, 3rd November 2015
The oil and gas industry is currently facing tough challenges following the fall in oil prices that commenced in the second half of 2014. With no expectations of a price rebound, exploration and production (E&P) companies in the sector are being forced to re-evaluate major capex projects, and implement long term cost reduction strategies as they get used to a life of lower prices for longer that expected. Meanwhile oil field service companies (OFS) are beginning to feel the margin pressure passed down from E&P companies implementing cost reduction strategies.
Cost Recovery: Tedious or Necessary?
Monday, 9th March 2015
Cost recovery is considered a cornerstone of Production Sharing Agreements (PSAs); as operators of the concession or international oil companies (IOCs) bear all operation and capital expenditures in a new concession as well as the risks, cost recovery has become a main mechanism through which the contractors are to recover their costs and generate profits.
Adverse Environment: The Impact of Oil Prices on Egypt’s E&P
Tuesday, 3rd February 2015
As oil prices continue their dive —with prices below $50 dollars per barrel at the time of publishing— many of us are left wondering what’s next. Will prices ever return to their previous levels? Have oil producers changed tactics? How will all this affect Egypt?