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Oil & Gas

Kuwait Energy drills successful exploration well in Egypt's Abu Sennan Concession

Posted: July 6, 2016 at 2:51 pm   /   Oil & Gas

Joint Venture partner Beach Energy reports that the Kuwait Energy-operated Al Jahraa SE-1X oil exploration well in the Abu Sennan Concession onshore Egypt is currently being tested, having intersected approx. 16.4 metres of net pay […]

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tarek el molla

Egypt reduces arrears owed to foreign oil companies to $3.4 billion

Posted: July 5, 2016 at 3:45 pm   /   Oil & Gas

Egypt has reduced the arrears it owes foreign oil companies to $3.4 billion in 2015/16 from $3.5 billion a year earlier, Petroleum Minister Tarek El Molla told Reuters on Monday. El Molla also said that […]

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EGAS announces completion of drilling of fourth well in Egypt's giant Zohr gas field

Posted: July 4, 2016 at 4:28 pm   /   Oil & Gas

Egyptian Natural Gas Holding Company – EGAS finished drilling fourth well in Zohr gas field in Mediterranean Sea, Chairman Mohamed El Masry said Saturday. EGAS is committed to the determined drilling schedule of the Italian […]

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ayham-ammora

Egypt’s primary engine of growth (Interview with Chevron Egypt Lubricants Country Chairman)

Posted: July 3, 2016 at 4:03 pm   /   Oil & Gas

Ayham Ammora, the country chairman and area business manager for North Africa and the Levant at Chevron Egypt Lubricants, talks to TOGY about the advantages and challenges of manufacturing in Egypt and the demand factors […]

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marco-alvera

CEO of Snam says Egypt may return to gas exports after Zohr discovery

Posted: July 1, 2016 at 3:18 pm   /   Oil & Gas

• Egypt’s Zohr ‘super-giant’ field discovery seen as a ‘game changer’. • Discovery to make Egypt self-sufficent in meeting its gas demand. Egypt may resume natural gas exports thanks to major discoveries off its shores, […]

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Dana Gas sees improved payments from Egypt

Posted: June 30, 2016 at 5:45 pm   /   Oil & Gas

Company also seeing regular payments from KRG. Dana Gas said it has seen improvement recently in the payment of outstanding amounts for its projects in Egypt. During a meeting of the Sharjah-based gas company’s board […]

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Egypt launches tender for a third Floating Storage & Regasification Unit (FSRU)

Posted: June 30, 2016 at 4:13 pm   /   Oil & Gas

Egypt has launched a tender to hire a third floating storage and regasification unit (FSRU) to import liquefied natural gas (LNG), an official from state-run energy firm EGAS told Reuters. Egypt, a former energy exporter […]

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PSV

Deep Sea Supply awarded three new charter contracts by BP in Egypt

Posted: June 29, 2016 at 9:01 pm   /   Oil & Gas

Deep Sea Supply, the offshore supply vessel operator, has been awarded three new time charter contracts for operations in Egypt by BP. The PSV Sea Swift has been awarded a 2 years firm plus 1 […]

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majid-jafar

Crescent Petroleum sees oil reaching $60 this year on demand

Posted: June 27, 2016 at 8:36 pm   /   Oil & Gas

Crescent Petroleum Co., an oil and natural gas producer in Egypt and Iraq, expects crude prices to improve this year as supply becomes more in line with demand. The U.K.’s decision to leave the European […]

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Egypt to develop 5 new oil & gas fields from Q3 of 2017 to 2019

Posted: June 27, 2016 at 8:26 pm   /   Oil & Gas

The Government of Egypt has put measures in place to commence the development of five new oil and gas fields from Q3 of 2017 till 2019. The five fields are Taurus, Libra, Giza, Fayoum, and […]

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