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Oil & Gas

Hibiscus Petroleum announces details of East Ras el Ush Concession Award

Posted: August 5, 2015 at 9:58 pm   /   Oil & Gas

Introduction: Hibiscus Petroleum Berhad is pleased to announce that its wholly-owned subsidiary, Gulf Hibiscus Limited (“Gulf Hibiscus”), has been awarded the South East Ras El Ush concession (“Block 2”) in Egypt by the Ganoub El-Wadi […]

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Results of Ganope Bid Round announced, awards five concessions worth $100 million

Posted: August 3, 2015 at 9:37 pm   /   Oil & Gas

Egypt has awarded five oil and gas concessions that are expected to bring in minimum total investments of about $100 million with bonuses of $3.7 million to drill 16 exploration wells for oil and gas, […]

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BW Gas to provide Egypt with floating LNG terminal – EGAS

Posted: August 3, 2015 at 9:18 pm   /   Oil & Gas

Singapore-based Norwegian gas shipping company BW Gas will provide Egypt with a liquefied natural gas (LNG) floating import terminal under a five-year contract, state company EGAS said on Monday, as the government grapples with energy […]

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Subsea 7 awarded $500 million BP contract offshore Egypt

Posted: July 30, 2015 at 7:45 pm   /   Oil & Gas

Subsea 7 S.A. announced the award of a contract with a value of approximately USD 500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt. […]

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Egypt finalizes two refinery modernization agreements with Technip

Posted: July 28, 2015 at 1:00 pm   /   Oil & Gas

Under two separate agreements, which were signed during a recent visit to Italy by Egyptian government officials, Technip Italy S.p.A. will provide an array of services for modernization projects at Egyptian General Petroleum Corporation’s (EGPC) […]

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Eni's CEO and Egyptian MOP sign update to Head of Agreement signed last March

Posted: July 24, 2015 at 7:12 pm   /   Oil & Gas

Eni’s CEO Claudio Descalzi and the Egyptian Minister of Petroleum Sherif Ismail sign an update to the Head of Agreement signed last March in Sharm el-Sheikh. The Egyptian Minister of Petroleum and Mineral Resources, Sherif […]

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Eni: important gas discovery in the Egyptian Nile Delta

Posted: July 20, 2015 at 7:41 pm   /   Oil & Gas

This discovery is the result of the new Eni’s strategy to re-focus its activity on near field and incremental exploration opportunities with high potential value, which allow in case of success their quick exploitation through […]

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Schlumberger, Oil and Gas Skills to set up Technical Institute

Posted: July 14, 2015 at 6:03 pm   /   Oil & Gas

Minister of Petroleum and Mineral Resources Sherif Ismail attended the signing ceremony of a memorandum of understanding between Oil and Gas Skills Company and US-based Schlumberger Corporation to establish an institute to provide training in […]

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Russia's Rosneft signs two energy import deals with EGPC & EGAS

Posted: July 8, 2015 at 8:11 pm   /   Oil & Gas

Egypt and Russia’s top oil producer Rosneft have signed two initial deals for the supply of petroleum products and liquefied natural gas to Cairo, the two sides said on Tuesday. The oil ministry said in […]

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Maersk Discoverer completes deepest well drilled in Egypt & longest in the Mediterranean

Posted: July 7, 2015 at 6:46 pm   /   Oil & Gas

Maersk Discoverer finished well 62 days ahead of time for BP and claimed two offshore Mediterranean records. In the beginning of May, the crew on Maersk Discoverer reached a great milestone when they finalised their […]

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