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Oil & Gas

Zohr gas field to produce 1 billion cubic feet per day by end of 2017

Posted: April 20, 2016 at 9:44 pm   /   Oil & Gas

Egypt has agreed with Italy’s Eni to begin production of 1 billion cubic feet per day of gas at the Zohr gas field, the biggest in the Mediterranean, by the end of 2017, oil minister […]

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Egypt to launch new oil exploration round for 11 blocks in Western Desert and Gulf of Suez

Posted: April 20, 2016 at 9:32 pm   /   Oil & Gas

Egypt plans to launch a new oil exploration round next week, offering 11 blocks in the Western desert and the Gulf of Suez, Petroleum Minister Tarek el-Molla said on Tuesday. He said that Egypt also […]

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ENGIE signs LNG and renewable energy agreements with Egypt

Posted: April 19, 2016 at 7:36 pm   /   Oil & Gas, Renewables

Firstly, a cooperation agreement for further development of renewable energy with the National Renewable Energy Association (NREA) and the Egyptian Electricity Transport Company (EETC). On the occasion of  the State Visit of President François Hollande […]

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Petroceltic shareholder Worldview fails attempted takeover

Posted: April 19, 2016 at 6:47 pm   /   Oil & Gas

On 24 March 2016, Sunny Hill Limited, a company wholly owned by the Worldview Economic Recovery Fund, made an all cash offer to acquire the entire issued and to be issued share capital of Petroceltic […]

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Video: ‪Petrochemistry‬ (Total)

Posted: April 19, 2016 at 2:00 pm   /   Oil & Gas

Petrochemicals are derived from petroleum — primarily naphtha and natural gas — and, increasingly, from biomass. Watch the video and learn more about Petrochemistry. For more information, visit Planète Energies website: (Source: Total)

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GlobalData Report: BP’s Atoll field development project will reduce Egypt’s gas deficit

Posted: April 18, 2016 at 9:38 pm   /   Oil & Gas

“Analysis indicates that an investment of $945m will be required for the first phase development.” The Atoll gas discovery is of national significance for Egypt as it is expected to reduce the country’s 2bcf gas […]

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Rockhopper Exploration acquires non-operated production and exploration assets in Egypt from Beach Energy

Posted: April 18, 2016 at 8:20 pm   /   Oil & Gas

Rockhopper Exploration plc, the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to announce amended terms for the acquisition of a portfolio […]

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Seeking Alpha: Apache Energy – Turnaround and Future Growth

Posted: April 18, 2016 at 10:00 am   /   Oil & Gas

Summary The company has $1.5 billion in cash and a $3.5 billion credit line that does not mature until 2020. Even then it can be extended. The current ratio is nearly two-to-one. Egyptian wells are […]

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Minister of Petroleum to open the 8th Offshore Mediterranean Conference (MOC 2016) in Alexandria

Posted: April 17, 2016 at 12:02 pm   /   Oil & Gas

On next Tuesday 19th April, 2016, Eng. Tarek El Molla Minister of Petroleum and Mineral Resources to open in Alexandria the 8th Mediterranean Offshore Conference & Exhibition MOC 2016, which will be held for 3 […]

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Eni completes drilling third well in Zohr field

Posted: April 17, 2016 at 11:32 am   /   Oil & Gas

Company to complete establishing natural gas processing plant with 1bn cubic feet per day by December 2017. Italian company Eni completed the drilling of the third gas well at its giant offshore Zohr gas field […]

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