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Eni open to selling stake in supergiant Zohr gas discovery

Posted: August 31, 2015 at 10:16 pm   /   Oil & Gas

Italy’s Eni is open to selling a stake in its “supergiant” Zohr gas field discovery off of Egypt, its chief executive said, as the state-controlled energy company looks for funds to bankroll development without sacrificing dividends. Eni said on Sunday it had discovered the largest known gas field in the Mediterranean off Egypt, covering an […]

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Eni discovers supergiant gas field offshore Egypt, the largest ever found in the Mediterranean Sea

Posted: August 30, 2015 at 9:08 pm   /   Oil & Gas

Eni has made a world class supergiant gas discovery at its Zohr Prospect, in the deep waters of Egypt. The discovery could hold  a potential of 30 trillion cubic feet of lean gas in place covering an area of about 100 square kilometres. Zohr is the largest gas discovery ever made in Egypt and in […]

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SPE North Africa Technical Conference returns to Egypt

Posted: August 30, 2015 at 7:53 pm   /   Oil & Gas

The fifth SPE North Africa Technical Conference and Exhibition will take place under the patronage of the Ministry of Petroleum and Mineral Resources, Egypt. 490 technical papers received from 41 countries. Held under the patronage of H.E. Eng. Sherif Ismail, Minister of Petroleum and Mineral Resources, Egypt, and organised by the Society of Petroleum Engineers […]

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Rosneft signs master LNG deal with EGAS & to cooperate in educational projects with Egypt

Posted: August 29, 2015 at 2:36 pm   /   Oil & Gas

Rosneft has announced that it is to enter a master LNG supply and purchase agreement with EGAS, and is to cooperate in educational projects with the Egyptian Ministry of Petroleum. ROSNEFT AND EGAS SIGNED MASTER LNG SUPPLY AND PURCHASE AGREEMENT Rosneft Trading SA, a company of Rosneft Group, and the Egyptian Natural Gas Holding Company […]

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Schlumberger to acquire Cameron in $14.8 billion deal

Posted: August 26, 2015 at 9:16 pm   /   Oil & Gas

•    Offers new growth opportunities by creating the industry’s first complete drilling and production systems •    Integrates complementary downhole and surface offerings through software optimization and automation •    Total transaction value of $14.8 billion as of August 25, 2015 •    Cameron shareholders to receive 0.716 Schlumberger shares and $14.44 in cash for each share of […]

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Aminex converts interests in Egypt from Production Sharing to Royalty Structure

Posted: August 25, 2015 at 8:03 pm   /   Oil & Gas

Aminex announced a reorganisation and continuation of its Egyptian interests through a conversion of its carried interest to first production into an overriding royalty position in a recent discovery well. Aminex is currently a 12.5% shareholder in Aminex Petroleum Egypt Ltd. (“APEL”) and, through this shareholding, has an indirect 10% carried interest in the West […]

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Sea Dragon Energy Inc. to acquire Madison PetroGas Ltd. including its assets in Egypt

Posted: August 21, 2015 at 9:05 pm   /   Oil & Gas

Sea Dragon Energy Inc. and Madison PetroGas Ltd. Announce Strategic Business Combination and Creation of SDX Energy Inc. Sea Dragon Energy Inc. (“Sea Dragon”) (TSX VENTURE: SDX) and Madison PetroGas Ltd. (“Madison”), a private, arm’s length, Canadian company incorporated under the Business Corporations Act (Alberta) (“ABCA”) (Sea Dragon and Madison, together, the “Parties”), are pleased […]

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Rockhopper Exploration acquires Beach Petroleum Egypt in $22 million deal

Posted: August 10, 2015 at 10:01 pm   /   Oil & Gas

Rockhopper Exploration plc, the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean and North Africa region, announced the acquisition of a portfolio of non-operated production and exploration interests in Egypt from Beach Energy Limited for a headline consideration of US$22.0 million. Highlights: Rockhopper to acquire […]

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Schlumberger: Training the Next Generation

Posted: August 9, 2015 at 7:51 pm   /   Oil & Gas

NEW PARTNERSHIP FOR OIL AND GAS SKILLS TRAINING AND DEVELOPMENT Technology and knowledge sharing are at the center of Schlumberger. As part of an ongoing commitment to leading-edge training, Schlumberger has partnered with Oil & Gas Skills (OGS) in Egypt to establish an oil and gas industry training institute. The initiative involves the development of specialized […]

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Hibiscus Petroleum announces details of East Ras el Ush Concession Award

Posted: August 5, 2015 at 9:58 pm   /   Oil & Gas

Introduction: Hibiscus Petroleum Berhad is pleased to announce that its wholly-owned subsidiary, Gulf Hibiscus Limited (“Gulf Hibiscus”), has been awarded the South East Ras El Ush concession (“Block 2”) in Egypt by the Ganoub El-Wadi Petroleum Holding Company (“Ganope”), an entity of the Ministry of Petroleum, Arab Republic of Egypt (“Award of the Concession”). The […]

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