Recent report has shown that the Tunisia domestic crude oil production went up 18% increase late in March 2021, to 491,000 tonnes (kt), about 3.6million barrels per day (mbd) reads the March 2021 report of to the monthly energy situation report released by the National Observatory of Energy and Mines Observatory (French: ONEM). According to […]
The Algerian government has recently examined two draft executive decrees defining the procedures for obtaining authorizations to construct structures for pipeline transportation of petroleum products, and a pipeline transportation system. This new development the countrys oil and gas sector , was done during its executive meeting chaired by Prime Minister Abdelaziz Djerad, According to a […]
This is another case that will cause huge financial damage to Algeria as it goes through one of its worst financial crises. This is the Petroceltic affair where the Algerian propagandist media concealed the truth from Algerians about a real mess that has just been caused by the CEO of Sonatrach, Toufik Hakkar. Explanations. On April 15, […]
Algeria has commissioned the Kasdir-Beni-Saf gas pipeline extension project. The event was performed by the country’s Petroleum minister Mohamed Arkab who stated that the pipeline is likely to strengthen Algeria’s place in the field of marketing and increase natural gas exports to Europe. The expansion is carried out by expanding the compression station in Beni […]
APA Corporation (APACHE) has announced it has reached an agreement in principle with Egypt’s Ministry of Petroleum and Mineral Resources (MOP) and the Egyptian General Petroleum Corporation (EGPC) in support of the MOP’s efforts to modernize the country’s petroleum sector. The new Production Sharing Contract (PSC) will consolidate the majority of the concessions in the Western Desert of Egypt operated by APA Corporation subsidiary Apache Egypt (“Apache”) […]
Highlight Reported production of 382,000 barrels of oil equivalent (BOE) per day; adjusted production, which excludes Egypt noncontrolling interest and tax barrels, was 326,000 BOE per day; Generated net cash from operating activities of $671 million, adjusted EBITDAX of $1.14 billion, and free cash flow of more than $500 million; Delivered upstream capital investment and […]
United Oil & Gas PLC the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, has announced the following update on the testing of the ASD-1X exploration well in the Abu Sennan concession, onshore Egypt and the spudding of the AJ-8 development well. United holds a 22% non-operating interest in Abu Sennan, which is […]
Panoro Energy ASA has announced its 2020 Annual Statement of Reserves (ASR). The Panoro portfolio reported here for year end 2020 comprises of two assets with continuing operations and reserves, these are a 7.4997% working interest in the Dussafu Permit in Gabon and a 29.4% working interest in the TPS Assets in Tunisia. After taking […]
Dana Gas United Arab Emirates-listed company has said that it had abandoned plans to sell onshore oil and gas assets in Egypt after conditions for a transaction could not be met. The energy company had expected to close the $236 million sale to IPR Wastani Petroleum Ltd, a member of the IPR Energy Group, early […]
The European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development (EBRD), the (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund (GCF) and Arab Bank today signed a US$114 million financing package with ACWA Power for the construction of the largest private solar plant in Egypt. The development of the Kom […]
