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SDX Reports Potential of Latest Gassy Egyptian Discovery

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More Operational Updates News

Ecopetrol Details Ops, Challenges as Colombian Unrest Continues
Ecopetrol S.A. has commented about certain adverse consequences in the operation of its upstream, midstream, downstream and commercial and marketing segments, due to the ongoing public order situation…

Exxon Outlines Drilling & Frac Strategy for Permian 2020
ExxonMobil provided an update to its Permian Development plan. First we should note that Exxon is the largest drilling company in the Permian with some 30 rigs operating…

Exxon to Cut Permain Rig Count 75% by Year-End; Capex Cut
ExxonMobil Corp. is getting ready for a massive rig cut in the Permian for 2020. In its Q1 report, the company said it will cut its Permian rig…

Operator Touts Exceptional Results From Electric Frac Fleet; $1million Savings
Range Resources mentioned in its 2Q 2019 call back in August, that the company was working with a Frac Vendor on deploying a electric fleet. Today the company…
Hammerhead Resources Provides Operational Update
Current production is over 28,000 boe/day, with a 42% weighting towards light oil and liquids. Annual production is expected to average over 27,000 boe/day in 2018, representing a…
Africa - North Africa News

APA Corp. Signs $3.5B PSC Deal with Egyptian Parliament
APA Corp. has announced the signing of an agreement to modernize and consolidate the company's current Production Sharing Contracts (PSCs) with Egypt's Ministry of Petroleum and Mineral Resources…

TransGlobe Details 2021 Capital Budget, D&C Plans
TransGlobe Energy Corp. announces its 2021 capital budget and production guidance. All dollar values are expressed in US dollars unless otherwise stated. 2021 Budget 2021 capital budget of…

TransGlobe Energy Second Quarter 2020 Results
TransGlobe Energy Corp. reported its Q2 2020 results. Highlights: TransGlobe is focused on conserving cash to proactively manage its balance sheet in the current low commodity price environment.…

Hess' VLCC Storage Strategy Pays Off; Q2 Results
Hess Corp. reported its 2Q 2020 financial results. Taps Three VLCCs to Store Crude; Sells at Premium to Brent Hess chartered three very large crude carriers (VLCCs) to…

ExxonMobil Picks Up 1.7MM Acres Offshore Egypt; Exploration Set for 2020
ExxonMobil has secured more than 1.7 million acres for exploration offshore Egypt. The acquisition includes acreage in the 1.2 million North Marakia Offshore block, which is located approximately…