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Oil & Gas

Minister of Petroleum launches the Egypt Petroleum Show EGYPS 2017

Posted: February 16, 2016 at 1:30 pm   /   Oil & Gas

Under the High Patronage of His Excellency President Abdel Fattah El Sisi, the President of the Arab Republic of Egypt, Eng. Tarek El Molla, Egypt’s Minister of Petroleum & Mineral Resources yesterday launched EGYPS – […]

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Italy's Eni invested $4 bn on first phase of Zohr gas field – Egyptian official

Posted: February 16, 2016 at 1:12 pm   /   Oil & Gas

Italy’s Eni has invested $4 billion in the development of the first phase of Egypt’s giant offshore Mediterranean gas field, Zohr, including the drilling of four wells, an Egyptian official said on Monday. Eni’s total […]

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Infographic: Shell's LNG Portfolio after BG takeover

Posted: February 15, 2016 at 8:51 pm   /   Oil & Gas

From February 15, BG Group is part of Royal Dutch Shell. This combination brings together two world-class portfolios creating a more competitive company. We have acquired productive oil and gas projects across countries including Brazil […]

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Law firms team up for Egyptian energy service

Posted: February 15, 2016 at 8:43 pm   /   Oil & Gas

Law firm Andrews Kurth (Middle East) DMCC (Andrews Kurth) is collaborating with Cairo-based Open Chance & Associates to assist companies interested in energy opportunities in Egyptian oil and gas. They are offering a range of […]

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EGAS renegotiates WDDM Phase 9b with BG, Shell and Petronas

Posted: February 15, 2016 at 1:01 pm   /   Oil & Gas

The Egyptian Natural Gas Holding Company (EGAS) is restarting negotiations with BG Group and Petronas over the West Delta Deep Marine (WDDM) Phase 9b project and bringing it on stream. EGAS chief Khaled Abdel Badie […]

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“Energy Giants” By Simona Manna (from Eniday.com)

Posted: February 15, 2016 at 1:00 pm   /   Oil & Gas

The energy world has its “giants”, supplying an every-increasing market and demand and which, in addition, represent the potential of our resources: these are “supergiants”, the deposits with the largest reserves in the world. How […]

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IOCs negotiating payment of contractors in EGP

Posted: February 15, 2016 at 12:55 pm   /   Oil & Gas

International oil companies are negotiating to pay service contractors in EGP instead of USD, or to reduce the contracted amount to be paid in foreign currency to 40% from 60%. Ahmed Moaaz, Egypt Country Manager […]

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Infographic: 20 Years-The making of an international oil and gas giant (BG Group)

Posted: February 15, 2016 at 11:49 am   /   Oil & Gas

In less than two decades, BG Group has transformed from a struggling offshoot of a former state company into an internationally diversified exploration and production company specializing in gas. (Source: BG Group)

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Dana Gas 2015 net profit up by 15%, receivables and production from Egypt decline

Posted: February 15, 2016 at 11:29 am   /   Oil & Gas

Net profit $144 million (AED528 million) despite lower oil prices Cash and bank balance at $470 million (AED1.7 billion) at year-end 2015 Increase in oil and gas reserves and decline in Egypt receivables Total assets […]

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Shell faces $30bn battle to sell assets after BG takeover

Posted: February 15, 2016 at 11:16 am   /   Oil & Gas

Analysts say Shell will struggle to spin-off assets at the price it once expected to. Shell completes its much-anticipated takeover of BG Group on Monday, facing a fresh battle to dispose of $30bn of assets […]

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