• 4 minutes "Saudi Armada heading to U.S.", "Dumping" is a WTO VIOLATION.
  • 7 minutes Trump will be holding back funds that were going to W.H.O. Good move
  • 11 minutes Washington doctor removed from his post, over covid
  • 15 minutes Which producers will shut in first?
  • 2 mins Cpt Lauren Dowsett
  • 8 mins Charts of COVID-19 Fatality Rate by Age and Sex
  • 30 mins Wouldn't fall in demand balance it out?
  • 3 hours 80's GOM Oil Fam: Mid-80's Oil Glut Part Deux?
  • 2 hours US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 4 mins Why Trump Is Right to Re-Open the Economy
  • 11 hours Death Match: Climate Change vs. Coronavirus
  • 10 hours ‘If it saves a life’: Power cut to 1.5 million Californians
  • 9 hours Free market or Freeloading off the work of others?
  • 4 hours Its going to be an oil bloodbath
  • 14 hours Russia's Rosneft Oil is screwed if they have to shut down production as a result of glut.
  • 9 hours Trump will meet with executives in the energy industry to discuss the impact of COVID-19

DEVELOPMENT & DISCOVERY ALERTS - Dana Gas Announces Find in Egypt

Dana Gas Announces Find in Egypt

UAE-based Dana Gas on 30 June announced a significant gas discovery in Egypt’s Nile Delta, just four days before Egypt’s military stepped in to depose the Muslim Brotherhood-led government and usher in another phase of instability. Dana Gas’s Begonia-1 well produced 9.4 million cubic feet per day of gas, along with light oil condensate. The Begonia-1 well is in the Lower Abu Madi Formation. Total evaluated resources for the Lower Abu Madi zone are between 7 billion and 15 billion cubic feet, along with around 100,000 barrels of condensate. The timing is important. Egypt’s Muslim Brotherhood has been beholden to the largesse of Qatar, and desperately in need of more Qatari gas to keep afloat. The downfall of the Muslim Brotherhood in Egypt, at the hands of the military, is certainly being viewed as a small (if only petty) victory for the UAE and Saudi Arabia, who have grown tired of Qatar’s meddling. The Dana Gas find could give a new Egyptian government more domestic supply and require less reliance on Qatar. Dana’s average output in Egypt for this year was about 33,600 boepd. This new find could add around 1,600 boepd.

Scotland Wave Energy Dealt Major Blow

E.ON has withdrawn from its partnership with wave-energy developer Pelamis because of the slow pace of development of the much-touted high-technology. Edinburgh-based Pelamis was testing a giant wave energy device at the European…




Oilprice - The No. 1 Source for Oil & Energy News