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  1. Apache Egypt Gas Gains Gather Pace, Oil Recovery Proves Elusive

    ...ached in the first quarter of 2014. “In Egypt, we again exceeded our quarterly gas production guidance, driven by the strong performance of our recent discoveries,” CEO John Christmann told his firm’s 7 August, Q2 earnings call. Significantly for Apache and Egypt, which is desperate for gas, ou...

    Volume: 68
    Issue: 33
    Published at Fri, 15 Aug 2025

  2. Dana Gas: Profits Up, Litigation Up, Zora Write-Down Looms

    ...o levels. Dana added $100mn to its debt pile to fund development of Zora (MEES, 12 September 2014); at start-up less than 18 months ago it said output would ramp up to 40mn cfd (MEES, 3 March 2016). Output is set to dwindle further. The firm has looked into the economics of a well intervention pr...

    Volume: 60
    Issue: 33
    Published at Fri, 18 Aug 2017

  3. TransGlobe: Exploration Write-Dow, Cargo Delay

    ...ed foreign firms $2.3bn at end-June, down from $3.4bn at end-2016 and a 2014 peak of over $6bn. As with Dana Gas, TransGlobe says gaining the direct ability to market its output in 2015 has been key to getting receivables down. And on the surface this has been a remarkable success. From a peak of...

    Volume: 60
    Issue: 33
    Published at Fri, 18 Aug 2017

  4. Cash-Strapped Samir Shuts Morocco’s Refinery Temporarily

    ...at rate. JODI data show the plant’s throughput varies widely on a month-to-month basis (see chart). Refinery runs peaked at 167,000 b/d in March 2014, before setting a recent low of 58,000 b/d in January 2015. The latest monthly average available was 107,000 b/d for May 2015. Morocco is he...

    Volume: 58
    Issue: 33
    Published at Fri, 14 Aug 2015

  5. Exit The Dragon As Enoc Takes Charge

    ...wever, Dragon’s production costs in Turkmenistan are relatively low and its balance sheet remains healthy despite a 52% slump in operating profit. Dragon maintained its capital expenditure at $313.2mn in the first half of this year, unchanged from the corresponding period in 2014, ending the first half of...

    Volume: 58
    Issue: 33
    Published at Fri, 14 Aug 2015