1. Algeria Oil & Gas Revenues Fall Back From Record 2022

    ...*Algerian state firm Sonatrach earned $21bn in oil and gas export revenues for the first five months of 2023. On an annualized basis this equates to $50.8bn, well down from 2022’s 9-year high $60bn, but is still the second highest since energy prices tanked in late 2014 (see ch...

    Volume: 66
    Issue: 28
    Published at Fri, 14 Jul 2023
  2. Egypt Rig Count At 8-Year High As Western Desert Activity Ramps Up

    ...e highest since December 2014. However, to date there is little sign of an increase in output. Despite Apache and the Capricorn/Cheiron JV having focused drilling on oil-rich prospects rather than less remunerative gas (MEES, 30 June), the region’s oil output has yet to pick up: the latest figure of 28...

    Volume: 66
    Issue: 28
    Published at Fri, 14 Jul 2023