Tuesday 28 July 2015

Eni discovers 15bn cu m of gas in Egypt

Italy's Eni has discovered gas reserves of up to 15 billion cubic metres in Egypt's Nile Delta region, with production set to start in two months, the Egyptian oil ministry said on Monday. The discovery was made in Western Abu Madi, 120 km northeast of Alexandria, where E


LR Senergy unveils new geological software solution

Global energy services company LR Senergy has unveiled its next evolution in geological software solutions. The IC product was exhibited at the ongoing Society of Petrophysicists and Well Log Analysts (SPWLA) Annual Symposium in California. IC, which has evolved fr


Oman steps up hydrocarbon exploration

Oman Oil Company Exploration and Production (OOCEP) has reported continued progress in exploring the hydrocarbon potential of its Block 60 concession in central Oman, a report said. Block 60, a roughly 1,580-sq km concession is home to the prolific Abu Butabul tight gas field, wh


Saudi crude exports hit five-month low in May

Saudi Arabia's crude oil exports fell to their lowest in five months in May despite near record production, as the Opec kingpin turns itself into a major refined-fuels power and as domestic consumption rises. Saudi Arabia, the world's top crude oil exporter, shipped 6.935


Saudi crude exports fall below 7m bpd in May

Saudi Arabia's crude oil exports in May fell to 6.935 million barrels a day from 7.737 million barrels per day (bpd) in April, official data showed on Sunday. Monthly export figures are provided by Riyadh and other members of the Organisation of Petroleum Exporting Countries


Seychelles unveils green energy tie-up with Masdar

Seychelles has launched a renewable energy initiative in collaboration with the UAE’s Masdar Company to establish new wind and solar energy projects to secure future domestic needs of the country. Seychelles President James Michel said the “democracy of renewable ener

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