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Oil & Gas

Eni and BP complete sale of 10% of Shorouk concession offshore Egypt

Posted: February 14, 2017 at 8:25 pm   /   Oil & Gas

Eni’s CEO, Claudio Descalzi, Bob Dudley, CEO of BP, and the Egyptian Minister of Petroleum, Tarek El Molla signed a deed completing the sale to BP of a 10% stake in the Shorouk concession, offshore […]

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egyps

Visit Energy Egypt at EGYPS 2017 Stand 2A53 – Hall 2

Posted: February 13, 2017 at 1:44 pm   /   Oil & Gas

Visit Energy Egypt on Stand 2A53 at the Egypt Petroleum Show EGYPS 2017, being held from 14-16 February at the Cairo International Convention & Exhibition Center CICC . While visiting do make sure to pick up […]

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A New Energy Era for Egypt (BP Magazine)

Posted: February 13, 2017 at 1:32 pm   /   Oil & Gas

Egypt has faced challenges to its energy supply in recent years, but is looking ahead to new opportunities to revive domestic production.  BP Magazine visits the country to find out more. Report by: Amanda Breen […]

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Eni begins drilling eighth Zohr well

Posted: February 13, 2017 at 12:56 pm   /   Oil & Gas

Eni began drilling the eighth well of the Zohr gas field last week after having completed drilling in seven other wells, an Oil Ministry source tells Al Shorouk. Eni will drill deeper on the eighth […]

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FT: Oil and gas discoveries dry up to lowest total for 60 years

Posted: February 13, 2017 at 12:54 pm   /   Oil & Gas

Oil and gas discoveries are at a 60-year low, with the Zohr gas field discovered off Egypt’s shore in 2015 being the most recent giant discovery, the Financial Times reports. As large fields have become […]

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Post-Zohr reforms to boost appeal

Posted: February 11, 2017 at 3:15 pm   /   Oil & Gas

With first production from Eni’s giant discovery likely to be less than a year away and other finds on the path to development, the country is taking the chance to revamp and streamline the bidding […]

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McLaren F1 Racing & BP Castrol confirm technical collaboration

Posted: February 11, 2017 at 3:02 pm   /   Oil & Gas

BP and Castrol to provide F1 fuels and lubricants technology. McLaren is pleased to confirm it has joined forces with BP and Castrol for the provision of Formula 1 fuels and lubricant technology as well […]

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Players’ healthy interest outside Egypt’s Nile Delta

Posted: February 11, 2017 at 2:44 pm   /   Oil & Gas

Future upstream licensing in Egypt’s Nile Delta offshore province may be facing a hiatus, but the most recent round to have been completed by state-owned Egyptian General Petroleum Corporation signalled healthy interest by players in […]

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UAE's Dana Gas freezes Egypt investments over debts

Posted: February 11, 2017 at 2:33 pm   /   Oil & Gas

Dana Gas will not make new investments in Egypt because of delays in obtaining payments owed to it there, the chief executive of the United Arab Emirates company said. Political and economic turbulence in Egypt […]

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CBE: Egypt pays Italy's Eni $630 million for Zohr gas field development

Posted: February 9, 2017 at 7:00 pm   /   Oil & Gas

The Central Bank of Egypt (CBE) said on Tuesday it has paid the government’s financial obligation to Italian energy company Eni for the development of the giant Zohr gas field discovered off the Mediterranean coast […]

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