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Circle Oil releases Strategic Review Update

Posted: May 20, 2016 at 7:39 pm   /   Oil & Gas

Further to the announcement of 15 March 2016, Circle Oil plc, the international oil and gas exploration, development and production company, provides an update on the Strategic Review Process. To date the Company has received a number of indicative proposals, which are in the process of being evaluated, and is working to conclude the Strategic […]

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Video: Ingenuity for Life for Egypt (Siemens)

Posted: May 20, 2016 at 2:00 pm   /   Electricity & Power

When more power is added to the grid and Egypt can celebrate a prosperous future. When partnership spreads knowledge and a new generation leads Egypt into a brighter future. That’s Ingenuity for life. (Source: Siemens AG)

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Apache share surges on takeover report disavowed by Occidental

Posted: May 19, 2016 at 2:26 pm   /   Oil & Gas

Apache Corp. jumped as much as 5.6 percent Wednesday after a website reported Occidental Petroleum Corp. planned to acquire the oil and gas explorer. Occidental said it didn’t know anything about the report. Apache shares settled up 2.7 percent Wednesday at $56.61 after earlier reaching $58.21, the highest since July 1. The Houston-based company has […]

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Rosneft eyes building Hydrocarbon Terminal in Suez Canal Economic Zone

Posted: May 19, 2016 at 2:05 pm   /   Oil & Gas

Rosneft is looking into the possibility of building an oil and gas terminal in Egypt’s Suez Canal Economic Zone, the Russian trade envoy to Egypt said Tuesday. Preparations for talks on the hydrocarbon terminal project between Rosneft and Suez economic zone authorities are underway, he added, noting that in 2015, the Russian trade representation in […]

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Egypt, Israel reported to be nearing compromise on natural gas dispute

Posted: May 19, 2016 at 1:55 pm   /   Oil & Gas

Egypt and Israel are close to a compromise that would sweep away a major obstacle to a multibillion-dollar natural gas deal. Israel may agree to settle for half of the $1.73 billion fine Egypt was ordered to pay it so talks on exporting Israeli offshore gas there can go ahead, two people familiar with the […]

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Video: ‪Egypt’s Future Energy Mix An Investor’s Perspective | Egypt Energy Forum‬

Posted: May 19, 2016 at 1:46 pm   /   Oil & Gas, Renewables

Deb Frodl, Global Executive Director, ecomagination – GE Egypt Energy Forum – A World Future Energy Summit event World Future Energy Summit 2016, Abu Dhabi, UAE | 18–21 Jan 2016 (Source: World Future Energy Summit)

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Occidental denies takeover bid for Apache

Posted: May 18, 2016 at 8:33 pm   /   Oil & Gas

Shares of U.S. independent oil and gas producer Apache Corporation rose more than 3 percent early on Wednesday to $56.84 each, partly on an unverified report it was the takeover target of Occidental Petroleum Corporation. Occidental said it had no knowledge of any pending transaction, while Apache declined to comment on what it called rumors. […]

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Apache set to be acquired by Occidental Petroleum in $25 billion deal

Posted: May 18, 2016 at 4:36 pm   /   Oil & Gas

Occidental Petroleum (OXY) are about to announce they are taking over Apache Corporation in a deal thought to be worth at least $25 Billion. Apache Corporation are expected to announce the takeover to their staff shortly. Occidental Petroleum (OXY) is a US-based oil & gas company producing over 650,000 barrels of oil equivalent per day […]

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Shell and BG to receive $400 million of dues by end of June

Posted: May 18, 2016 at 12:51 pm   /   Oil & Gas

The $3.2 billion debt is promised to be fully repaid by the end of 2016. Shell and British Gas (BG) have reached an agreement with the Petroleum Ministry to obtain $400m of their financial dues by the end of June, in exchange for renting a driller and resuming work in the 9B phase of the […]

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EGAS to rent FSRU located in Jordan with 500 mcf/d capacity from 2017

Posted: May 18, 2016 at 12:42 pm   /   Oil & Gas

Gas line with Amman to re-open this summer, importing 200 mcf/d. The Egyptian Natural Gas Holding Company (EGAS) plans to rent a gasification ship located in Jordan with a capacity of 500m cubic feet of gas daily and to host it in a private port controlled by SUMED in Ain Sokhna in 2017. A prominent […]

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