{"id":571534,"date":"2020-05-14T04:25:39","date_gmt":"2020-05-14T04:25:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/pharos-energy-announces-cutbacks-reduced-output-in-egypt-on-oil-price-collapse\/"},"modified":"2020-05-14T04:25:39","modified_gmt":"2020-05-14T04:25:39","slug":"pharos-energy-announces-cutbacks-reduced-output-in-egypt-on-oil-price-collapse","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/pharos-energy-announces-cutbacks-reduced-output-in-egypt-on-oil-price-collapse\/","title":{"rendered":"Pharos Energy announces cutbacks, reduced output in Egypt on oil price collapse"},"content":{"rendered":"

Pharos Energy has reduced capital expenditures and output at its oil drilling operations in Egypt as its finances come under pressure from the collapse in global oil prices, according to Morning Star.<\/a> Cost-cutting initiatives will remain the company\u2019s top priority for the medium to long term while oil will remain \u201can important component of the global energy mix over many future decades\u201d according to Pharos Energy CEO Ed Story.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pharos Energy has reduced capital expenditures and output at its oil drilling operations in Egypt as its finances come under pressure from the collapse in global oil prices, according to Morning Star. Cost-cutting initiatives will remain the company\u2019s top priority for the medium to long term while oil will remain \u201can important component of the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72,91,523],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-571534","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","tag-oil-and-gas","tag-pharos-energy","wpautop","entry"],"acf":{"mongo_id":"364f8df1-8457-4c8e-874d-2a617c036758","is_powered_by":true,"section_story_id":"54cb0388-10e5-4cd3-b1ac-88b4bd06132b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[571510],"teaser":"","voice_url":""},"yoast_head":"\nPharos Energy announces cutbacks, reduced output in Egypt on oil price collapse - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/pharos-energy-announces-cutbacks-reduced-output-in-egypt-on-oil-price-collapse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pharos Energy announces cutbacks, reduced output in Egypt on oil price collapse\" \/>\n<meta property=\"og:description\" content=\"Pharos Energy has reduced capital expenditures and output at its oil drilling operations in Egypt as its finances come under pressure from the collapse in global oil prices, according to Morning Star. Cost-cutting initiatives will remain the company\u2019s top priority for the medium to long term while oil will remain \u201can important component of the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/pharos-energy-announces-cutbacks-reduced-output-in-egypt-on-oil-price-collapse\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-14T04:25:39+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/pharos-energy-announces-cutbacks-reduced-output-in-egypt-on-oil-price-collapse\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/pharos-energy-announces-cutbacks-reduced-output-in-egypt-on-oil-price-collapse\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Pharos Energy announces cutbacks, reduced output in Egypt on oil price collapse\",\"datePublished\":\"2020-05-14T04:25:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/pharos-energy-announces-cutbacks-reduced-output-in-egypt-on-oil-price-collapse\/\"},\"wordCount\":82,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\",\"oil and gas\",\"Pharos Energy\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/pharos-energy-announces-cutbacks-reduced-output-in-egypt-on-oil-price-collapse\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/pharos-energy-announces-cutbacks-reduced-output-in-egypt-on-oil-price-collapse\/\",\"name\":\"Pharos Energy announces cutbacks, reduced output in Egypt on oil price collapse - 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