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Oil & Gas
BP

BP buys 10% stake in Eni’s super-giant Zohr gas field offshore Egypt

Posted: November 26, 2016 at 12:26 pm   /   Oil & Gas

BP has agreed to buy 10 percent of Eni’s Shorouk concession offshore Egypt, which includes the giant Zohr gas field, for $375 million, joining other oil majors in increasing bets on the growing gas market. […]

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New massive offshore gas field could make Egypt self-sufficient

Posted: November 26, 2016 at 12:12 pm   /   Oil & Gas

A major offshore discovery could lead Egypt to fully supply itself with natural gas by 2021. Deposits in the massive offshore Zohr field in the southeast Mediterranean are estimated at 30 trillion cubic feet, which […]

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President Sisi approves amendments to Ras El Barr concession agreement between EGPC, Eni and BP

Posted: November 26, 2016 at 12:02 pm   /   Oil & Gas

President Abdel Fatah Al-Sisi issued on Monday an agreement between the Egyptian General Petroleum Corporation (EGPC) and with the Italian Egyptian Oil Company (IEOC), a subsidiary of Eni, and UK’s BP. The deal is regarding […]

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Oil Ministry announces new natural gas discovery in Shell's Alam El Shawish Western Desert concession

Posted: November 26, 2016 at 11:52 am   /   Oil & Gas

An Oil Ministry report on the Alam El Shawish field in the Western Desert suggests that the concession has a production capacity of 20 mcf/d and preliminary estimated reserves of 500 bcf, Al Masry Al […]

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mop eni

Minister of Petroleum meets with Eni's Chairman

Posted: November 22, 2016 at 1:03 pm   /   Oil & Gas

Minister of Petroleum and Mineral Resources Eng. Tarek El Molla held a meeting with Emma Marcegaglia Eni’s Chairman in the presence of Adriano Mongini Executive Vice President North Africa at Eni to discuss Eni’s activities […]

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Apache allocates $909m for drilling 97 wells in 2016/2017 – Head of Khalda

Posted: November 22, 2016 at 12:56 pm   /   Oil & Gas

Company in discussions with foreign partner to increase investment and review plan in January. US company Apache plans to drill just under 100 wells in the western desert at a cost of $908.9m this fiscal […]

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eni

Eni says Egypt Nooros gas field producing 900mln cubic feet per day

Posted: November 22, 2016 at 12:39 pm   /   Oil & Gas

Italian oil major Eni said its Egypt Nooros field is a producing almost 900 million cubic feet of gas per day and will top 1 billion cubic feet per day in the first quarter of […]

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GE

Expanded GE Oil & Gas service facility for a growing Egyptian Industry

Posted: November 22, 2016 at 12:32 pm   /   Oil & Gas

• GE Oil & Gas to expand its services facility  in the industrial free zone with an additional 2,000 sqm. • The expanded facility will handle the assembly, disassembly, repair, maintenance and testing for GE […]

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South Disouq Potential on the Rise

Posted: November 20, 2016 at 1:19 pm   /   Oil & Gas

SDX Energy has identified potential for both oil and gas on its South Disouq concession in Egypt through an initial assessment of 3D seismic acquired, as previously reported. Further interpretation of the data has now […]

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ICIS: Egypt juggles fuel supply loss with currency flotation, subsidy cuts

Posted: November 20, 2016 at 1:06 pm   /   Oil & Gas

Egypt will look for lucrative long-term deals to import refined products or turn to spot tenders with international traders to meet the vacuum left by Saudi Arabian Oil Company (Saudi Aramco)’s reported decision to indefinitely […]

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