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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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Results of Ganope Bid Round announced, awards five concessions worth $100 million

Posted: August 3, 2015 at 9:37 pm   /   Oil & Gas

Egypt has awarded five oil and gas concessions that are expected to bring in minimum total investments of about $100 million with bonuses of $3.7 million to drill 16 exploration wells for oil and gas, having received seven offers for 5 blocks, the oil ministry said in a statement on Monday, as the country seeks […]

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BW Gas to provide Egypt with floating LNG terminal – EGAS

Posted: August 3, 2015 at 9:18 pm   /   Oil & Gas

Singapore-based Norwegian gas shipping company BW Gas will provide Egypt with a liquefied natural gas (LNG) floating import terminal under a five-year contract, state company EGAS said on Monday, as the government grapples with energy shortages. The deal is worth about $60 million per year, Oil Minister Sherif Ismail told Reuters. Once an energy exporter, […]

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Subsea 7 awarded $500 million BP contract offshore Egypt

Posted: July 30, 2015 at 7:45 pm   /   Oil & Gas

Subsea 7 S.A. announced the award of a contract with a value of approximately USD 500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt. The contract is the first phase of Egypt’s West Nile Delta project where field development will be at depths of […]

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