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Oil & Gas

Edison completes seismic mapping of its Mediterranean deep water concession

Posted: January 15, 2016 at 8:48 pm   /   Oil & Gas

Edison has completed the seismic mapping for its concession adjacent to Eni’s supergiant Zohr field, according to an Oil Ministry senior official. The source expects a major discovery in this specific area and an increased […]

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Apache to invest $995 million in discovery wells this year

Posted: January 15, 2016 at 8:42 pm   /   Oil & Gas

Mohamed Abdel Azim, head of Khalda Petroleum Company, Apache’s partner in Egypt, said that despite the current downturn in the global price of oil, Apache has allocated about US $ 995 million investments during the […]

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Beach Energy appoints new Chief Executive Officer

Posted: January 14, 2016 at 8:53 pm   /   Oil & Gas

Beach Energy Ltd is pleased to announce the appointment of Mr Matthew Kay as its new Chief Executive Officer, effective 17 July 2016 or such earlier date as is available and mutually agreed. Mr Kay […]

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Dana Gas Announces New Senior Management Appointments

Posted: January 14, 2016 at 3:03 pm   /   Oil & Gas

Dana Gas PJSC, the Middle East’s leading publicly listed natural gas company, has announced the following key senior management appointments. Chris Hearne was appointed as the Chief Financial Officer of the Company on 4 January […]

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Emerson to Automate Carbon Holding's Tahrir Petrochemicals Complex in $150 million Contract

Posted: January 14, 2016 at 2:52 pm   /   Oil & Gas

Automation and reliability programs for world’s largest naphtha cracker plant will support efficient, high-availability production of plastics and related materials for local and export markets. Emerson and Carbon Holdings, the privately owned Egyptian petrochemical firm, […]

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Eni's sale of Saipem stake gets European Commission clearance

Posted: January 13, 2016 at 3:02 pm   /   Oil & Gas

Eni: sale of a stake in Saipem, the antitrust condition precedent has been satisfied after the clearance of the European Commission Reference is made to the sale by Eni S.p.A. (“Eni”) to Fondo Strategico Italiano […]

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Dana Gas to cut costs and jobs by half at Head Office, will continue to invest in Egypt

Posted: January 13, 2016 at 2:57 pm   /   Oil & Gas

Abu Dhabi-listed Dana Gas aims to slash its head office workforce by 40 percent and cut general and administrative costs by half between 2015 and early 2016, its chief executive said on Tuesday. The energy […]

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Shell's shareholder Standard Life to vote against BG deal

Posted: January 11, 2016 at 4:55 pm   /   Oil & Gas

Royal Dutch Shell’s bid to acquire BG Group was dealt a blow on Friday when a first major shareholder said it would vote against the $49 billion deal due to a weak outlook for oil […]

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Fall of oil price pushes EGPC to halt tender for new exploration

Posted: January 10, 2016 at 7:57 pm   /   Oil & Gas

The price of Brent on international markets recorded $34.4 on Wednesday and reached a maximum of $45 in November. The Egyptian General Petroleum Corporation (EGPC) postponed offering new exploration tenders for oil and gas for […]

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Production in Zohr fields to begin before end of 2017

Posted: January 6, 2016 at 7:15 pm   /   Oil & Gas

EGPC Chairman: Procedures of establishing Petro Shorouk will begin to manage and develop Zohr field. Petrobel is nearing the official formation of Petro Shorouk, the company’s subsidiary that will be tasked with completing the first […]

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