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Oil & Gas

Höegh Gallant Floating LNG Terminal arrives at Ain Sukhna

Posted: April 13, 2015 at 10:07 pm   /   Oil & Gas

The Höegh Gallant floating storage and regasification unit (FSRU) from Norway’s Höegh LNG arrived off Ain Sukhna on the Gulf of Suez. Höegh signed a five-year contract with Egyptian Natural Gas Holding Company (EGAS) in […]

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MIDOR & UOP sign two agreements worth $1.4 billion for oil refinery expansion

Posted: April 13, 2015 at 8:49 pm   /   Oil & Gas

Petroleum Minister Sherif Ismail has attended the signing ceremony of two agreements on April 9th between the Middle East Oil Refinery (MIDOR) and the multinational Universal Oil Products (UOP) LLC Company, a unit of a Honeywell […]

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Shell set to acquire BG Group in $70 billion deal

Posted: April 8, 2015 at 7:09 pm   /   Oil & Gas

Royal Dutch Shell announced that it has agreed a deal to acquire BG Group for approximately $70 billion in a deal that would expand the Anglo-Dutch firm’s presence to the majority of the world’s oil […]

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Apache Corporation reports strong results from discoveries in Egypt's Western Desert

Posted: April 1, 2015 at 10:55 pm   /   Oil & Gas

Apache Corporation reported strong appraisal- and development-drilling results from Egypt following the previously announced discovery of two new oil fields in the Western Desert. The initial discoveries were announced with the fourth quarter 2014 results […]

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Delek Group announces signing of gas sale deal by Tamar Partners to Egyptian Group

Posted: March 19, 2015 at 8:00 pm   /   Oil & Gas

Delek Group announced the agreement signed by the Tamar Project partners, including the Partnerships (Delek Drilling Limited Partnership and Avner Oil Exploration Limited Partnership), and Dolphinus Holdings Limited for the export of natural gas from […]

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Eni signs a $5 billion framework agreement for the development of Egypt's oil and gas resources

Posted: March 17, 2015 at 8:36 pm   /   Oil & Gas

The Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail, signed with Eni’s CEO, Claudio Descalzi, a Head of Agreement aimed at the development of the oil and gas resources of the Country while preserving […]

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BP makes second significant gas discovery in Egypt’s East Mediterranean Sea

Posted: March 13, 2015 at 8:04 pm   /   Oil & Gas

BP Egypt announced another important gas discovery in the North Damietta Offshore Concession in the East Nile Delta. The “Atoll-1” deepwater exploration well, currently being drilled using the 6th generation semi-submersible rig “Maersk Discoverer,” has […]

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BP Finalizes Deal to Develop Egypt’s West Nile Delta Gas Fields

Posted: March 13, 2015 at 8:01 pm   /   Oil & Gas

BP announces the signing of the West Nile Delta project to develop 5 tcf of gas resources and 55 mmbbls of condensates. BP announced that it has signed the final agreements of the West Nile […]

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Energean commences new investment program in Egypt

Posted: March 13, 2015 at 7:58 pm   /   Oil & Gas

Energean Oil & Gas, the international oil & gas exploration and production company focused on the Mediterranean and North Africa, is launching a new 6- million-dollar investment program in Egypt, aiming to locate a hydrocarbon […]

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Polarcus awarded broadband 3D seismic acquisition project in the Mediterranean

Posted: March 13, 2015 at 7:55 pm   /   Oil & Gas

Polarcus Limited announced that it has received an award from 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 Q1 […]

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