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Oil & Gas

Leviathan partners and BG close to $30 billion Egypt gas deal

Posted: January 6, 2016 at 7:06 pm   /   Oil & Gas

The plan is to sign the contract before Shell completes its acquisition of BG next month. The Leviathan partners and British Gas (BG) are negotiating the final details of a contract for exporting Israeli natural […]

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Egypt arrears owed to oil firms rises to $3 billion at end-2015

Posted: January 4, 2016 at 4:48 pm   /   Oil & Gas

Egypt’s outstanding arrears to foreign oil companies rose to $3 billion at the end of December 2015 from $2.7 billion at the end of October, Petroleum Minister Tarek El Molla told Reuters. The ministry had […]

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The Saipem 10000 drillship arrives at Zohr-2 well location

Posted: December 31, 2015 at 3:02 pm   /   Oil & Gas

The giant drilling vessel Saipem 10000 arrived at the site of Zohr-2 well to start drilling operations, announced Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources. Eng. El-Molla made his announcement as he chaired […]

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Maridive to conduct offshore exploration in the Mediterranean

Posted: December 30, 2015 at 2:33 pm   /   Oil & Gas

Egyptian company Maridive & Oil Services S.A.E. has developed a strategy that targets natural gas exploration in Egyptian territorial waters, including the Mediterranean, according to a company source, who requested anonymity. This comes after the […]

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Subsea 7 awarded sizeable BP offshore platform extension and tie-in contract

Posted: December 30, 2015 at 2:21 pm   /   Oil & Gas

Subsea 7 has secured a contract by Burullus Gas Company S.A.E. for the platform extension and tie-in on the first phase of the West Nile Delta development of the Taurus and Libra fields by BP, offshore Egypt. […]

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Petroceltic to sell stakes in North Thekah, North Port Fouad & South Idku to Edison

Posted: December 25, 2015 at 6:07 pm   /   Oil & Gas

The Board of Petroceltic International plc, the oil and gas exploration, development and production company focused on the North Africa and the Mediterranean region, provided an operating and financial update, and announces that it has […]

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KCA Deutag sells Ben Loyal Jack-Up Drilling Unit to ADES

Posted: December 22, 2015 at 5:16 pm   /   Oil & Gas

Leading global drilling and engineering contractor, KCA Deutag, announced that it has sold its jack-up drilling unit, the Ben Loyal to Egyptian headquartered Advanced Energy Systems A.D.E.S. SAE for an undisclosed sum. Built in 1981 […]

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SUMED signs $324 million contract for construction of Ain Sukhna Petroleum Product Hub

Posted: December 19, 2015 at 1:49 pm   /   Oil & Gas

SUMED signed the first contract for utilization of SUMED Ain Sukhna Product Hub (ASPH) Jetty with Egyptian Natural Gas Holding Company (EGAS) under the patronage of H.E. Eng. Tarek El Molla Egyptian Minister of Petroleum. […]

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Bechtel discusses possibilities of participation in energy projects

Posted: December 15, 2015 at 9:02 pm   /   Oil & Gas

The Minister of Petroleum and Mineral Resources, Eng. Tarek El-Molla discussed with David Welch, Bechtel’s Senior Vice President and President of the Europe, Africa and Middle East Region, current and future projects in the oil, […]

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SacOil releases positive results of drilling program at Lagia oil field

Posted: December 15, 2015 at 8:10 pm   /   Oil & Gas

SacOil Holdings Limited, on behalf of its subsidiary, Mena International Petroleum Company Limited (“Mena”), is pleased to announce an update on the drilling of the Lagia 11, Lagia 15 and Lagia 16 wells, which forms […]

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