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Oil & Gas

Subsea 7 awarded contract for offshore East Nile project

Posted: October 14, 2015 at 1:33 pm   /   Oil & Gas

Subsea 7 S.A. announced the award of a sizeable* contract to Subsea 7 by Pharaonic Petroleum Company S.A.E. for the development of the 
East Nile Delta Phase 3 Project (END-3). This award 
was the result […]

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Eni announces details of North El Hammad and North Ras El Esh exploration license awards

Posted: October 12, 2015 at 3:21 pm   /   Oil & Gas

These two new concession agreements follow the recent award of the deep water Karawan and North Leil blocks, strengthening Eni’s presence in Egypt, a country of historic and strategic importance for the Company, and further […]

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TransGlobe Energy – East Ghazalat asset receives a good price

Posted: October 9, 2015 at 6:22 pm   /   Oil & Gas

Independent Resources and Nostra Terra, which are both party to a 50:50 JV with the express purpose to acquire E&P assets in North Africa, have agreed to acquire TransGlobe’s East Ghazalat concession in Egypt. TGA […]

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Results of EGAS Mediterranean Bid Round announced, awards four offshore exploration licenses

Posted: October 6, 2015 at 9:06 pm   /   Oil & Gas

Egypt has awarded four new licences to explore for oil and gas off its Mediterranean coast, weeks after Eni’s giant Zohr gas find piqued fresh international interest in the area. Egypt’s state gas company EGAS […]

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Independent Resources and Nostra Terra acquire producing assets in Egypt

Posted: October 6, 2015 at 7:49 pm   /   Oil & Gas

Independent Resources plc (IRG) announced the intention to establish a strategic joint venture company (“JVCO”) owned 50-50 with Nostra Terra Oil & Gas Company plc (“Nostra Terra”) focused on the acquisition of producing assets in […]

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License Round Announcements and Updates at the 22nd Africa Oil Week 2015, Cape Town

Posted: October 5, 2015 at 7:58 pm   /   Oil & Gas

Global Pacific & Partners will host the 22nd Africa Oil Week/Africa Upstream Conference 2015, in JV partnership with ITE Group plc, 26th– 30th October, in Cape Town, South Africa. This meeting commands unique global reputation […]

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Egypt and Cyprus are committed to maintaining energy ties

Posted: October 1, 2015 at 6:50 pm   /   Oil & Gas

Egypt’s President Abdel Fattah el-Sisi met Cyprus President Nicos Anastasiades in New York on Monday. The two leaders discussed regional cooperation on the sidelines of the UN General Assembly. Energy was an important item on […]

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Final Signing of EGPC and Kuwait Energy Partnership for Oil and Gas Exploration in Iraq

Posted: October 1, 2015 at 6:43 pm   /   Oil & Gas

Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources announced that EGPC signed a final agreement for a partnership with Kuwait Energy for exploration of oil and natural gas in Iraq, for the first […]

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BW Gas floating LNG terminal arrives in Egypt

Posted: October 1, 2015 at 6:40 pm   /   Oil & Gas

A second liquefied natural gas (LNG) import terminal arrived in Egypt without cargo on Wednesday and will start operating in the third week of October, state gas board EGAS head Khaled Abdel Badie told Reuters. […]

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Beach Energy's sale of Egypt's Abu Sennan interest to Rockhopper pre-empted

Posted: September 28, 2015 at 7:11 pm   /   Oil & Gas

As announced on 10 August 2015, Beach Energy entered into an agreement with Rockhopper Exploration in relation to the sale of its wholly-owned subsidiary, Beach Petroleum (Egypt), whose core asset is a 22% interest in […]

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