Newsletter subscribe
Oil & Gas

SDX Energy announces closing of second tranche of private placement

Posted: July 25, 2016 at 12:58 pm   /   Oil & Gas

SDX Energy Inc., an oil and gas exploration and production company with assets in Egypt, has announced that, further to its news release dated May 20, 2016, it has completed the second tranche of the […]

No Comments read more

EGAS awards contracts for 11 LNG shipments between June and August

Posted: July 25, 2016 at 12:39 pm   /   Oil & Gas

Trafigura, Royal Dutch Shell, Rosneft, and PetroChina were awarded tenders to supply EGAS with a total of 11 LNG shipments between the months of June and August, sources told Al Borsa. Trafigura is supplying five […]

No Comments read more

Five IOCs interested in acquiring Circle Oil's investments in Egypt

Posted: July 24, 2016 at 1:56 pm   /   Oil & Gas

Companies including BP, Kuwait Energy, and Rockhopper are vying to acquire Circle Oil’s NW Gemsa stake. Circle Oil is looking to sell its 40% stake of Petro Amir’s concession in the Gulf of Suez, Al […]

No Comments read more

Eni and BP to drill 6 wells in South Baltim in FY16-17

Posted: July 24, 2016 at 1:43 pm   /   Oil & Gas

Eni and BP target drilling six wells as part of Baltim South development lease in the East Nile Delta during FY16-17 and linking them to production on the National Gas Grid in 2H2017, a source […]

No Comments read more
natural gas

5 companies call for licences to import gas from EGAS

Posted: July 22, 2016 at 2:44 pm   /   Oil & Gas

Licensing of two companies to take place over next two months, says Amira El-Mazni, Assistant Vice Chairperson at the Egyptian Natural Gas Holding Company (EGAS). El-Mazni said that the number of companies applying for licences […]

No Comments read more

Video: SPE ATCE 2016 Preview

Posted: July 22, 2016 at 2:33 pm   /   Oil & Gas

Join us in Dubai for our Annual Technical Conference & Exhibition — an unparalleled opportunity for learning and collaboration at workshops, forums, and training courses, while the concurrent exhibition will showcase the latest technologies from […]

No Comments read more
Van Beurden

Bloomberg: The Future of Big Oil? At Shell, It’s Not Oil

Posted: July 22, 2016 at 2:31 pm   /   Oil & Gas

The energy giant is shifting to gas as the industry adapts to climate change. At Australia’s Curtis Island, you can see Big Oil morphing into Big Gas. Just off the continent’s rugged northeastern coast lies […]

No Comments read more
sumed-nbe

SUMED and NBE sign $100m loan for Ain Sokhna FSRU pier

Posted: July 21, 2016 at 8:46 pm   /   Oil & Gas

Arab Petroleum Pipelines Company (SUMED) has signed a $100 million loan with the National Bank of Egypt (NBE) to finance the first phase of a project for establishing a new pier in the Ain Sukhna […]

No Comments read more

EGPC amends production sharing agreement (PSA) terms

Posted: July 21, 2016 at 8:35 pm   /   Oil & Gas

EGPC has announced amendments to its production sharing agreements with foreign partners, according to Al Borsa. EGPC cancelled a provision requiring IOCs to give up part of the exploration zone within a concession every two […]

No Comments read more
FSRU

Egypt's tender for third FSRU draws interest from four firms

Posted: July 21, 2016 at 8:29 pm   /   Oil & Gas

Egypt’s tender to lease a third floating and storage regasification unit (FSRU) has drawn interest from four international firms, an Egyptian official told Reuters on Wednesday. Once a net energy exporter, Egypt began imports of […]

No Comments read more