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Oil & Gas

EGPC signs two new Exploration Agreements in the Gulf of Suez and Western Desert

Posted: December 7, 2015 at 7:23 pm   /   Oil & Gas

Minister of Petroleum and Mineral Resources, Eng. Tarek El-Molla, signed two new agreements for oil and gas exploration in the Gulf of Suez and Western Desert. The first agreement is with Tunisia’s HBSI for the […]

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WRA in Partnership with Ministry of Petroleum bring International Technology Companies and Investors to Cairo

Posted: December 7, 2015 at 7:18 pm   /   Oil & Gas

The World Refining Association (WRA) announced the inaugural Egypt Downstream Summit & Exhibition is to be held under the patronage of His Excellency Tarek El Molla, Minister of Petroleum and Mineral Resources. Maxwell Thompson, Project […]

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Egypt to appeal $1.76 billion award to Israel in gas dispute, freeze gas import talks

Posted: December 7, 2015 at 6:13 pm   /   Oil & Gas

Egypt said it would appeal an order by international arbitrators to pay $1.76 billion in compensation to state-owned Israel Electric Corp for halting gas supplies three years ago, and freeze gas import talks until the […]

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GlobalData: Successful Development of Zohr in Egypt to Catalyze Further East Mediterranean Projects

Posted: December 1, 2015 at 6:37 pm   /   Oil & Gas

Eni is progressing plans to bring the giant Zohr gas field online by 2018. The company’s CEO, Claudio Descalzi, has already presented multi-billion dollar development plans to the president of Egypt Abdel Fattah Al-Sisi, who […]

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Drilling activities at Zohr field to re-start in January

Posted: November 30, 2015 at 3:31 pm   /   Oil & Gas

President el-Sisi met in Cairo Eni’s CEO Claudio Descalzi. Mr. Descalzi made an assessment on the work in-progress of the plan for the development of the Zohr field, where drilling activities will restart in January […]

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Letter of Intent to Export Natural Gas from the Leviathan Project for Consumers in Egypt

Posted: November 28, 2015 at 4:08 pm   /   Oil & Gas

Delek Group announced that attached is an Immediate Report just published by Avner Oil Exploration Limited Partnerships and Delek Drilling Limited Partnerships (“the Partnerships”) concerning a Letter of Intent for the export of natural gas from […]

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BG Group buys 35% stake in Aphrodite gas discovery, offshore Cyprus

Posted: November 23, 2015 at 6:29 pm   /   Oil & Gas

BG Group announced it has taken a 35% holding in Block 12 offshore Cyprus which includes the Aphrodite gas discovery. This upstream position provides a potential source of gas to Egypt where BG Group holds […]

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Polarcus awarded broadband 3D project in Egypt

Posted: November 19, 2015 at 7:59 pm   /   Oil & Gas

Polarcus announced that it has signed a contract with an undisclosed client for a 3D marine seismic project offshore Egypt utilizing Polarcus’ RightBAND(TM) technique for broadband data acquisition. The project will commence in Q4 2015 […]

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SacOil commences drilling operations at Lagia oil field

Posted: November 16, 2015 at 6:42 pm   /   Oil & Gas

COMMENCEMENT OF DRILLING OPERATIONS AND PROGRESS OF STEAM INJECTION – LAGIA OIL FIELD SacOil, through its subsidiary Mena International Petroleum Company Limited (“Mena”), is pleased to announce it commenced the drilling of the Lagia 11 […]

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Eni signs new concession and amendment agreements for petroleum exploration in Egypt

Posted: November 13, 2015 at 2:00 pm   /   Oil & Gas

Eni signed a new concession and three amendment agreements in Egypt which will lead to the realization of projects to be implemented in the next 4 years. Eni signed with the Egyptian Government three amendments […]

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