1:39 pm Stena Drilling signs contract with Shell to drill 3 wells offshore Egypt
4:11 pm Eni announces New Gas Discovery in Eastern Mediterranean Sea, offshore Egypt
12:16 pm Wintershall Dea makes new Natural Gas Discovery in East Damanhour Block
4:23 pm ExxonMobil secures exploration rights to two blocks, Masry & Cairo, offshore Egypt
4:18 pm Eni shoots for stars with 11 Tcf probe offshore Egypt – Upstream Online
12:41 pm Egypt launches new bid round for oil & gas exploration in Mediterranean, Nile Delta
Beach Energy appoints new Chief Executive Officer
Beach Energy Ltd is pleased to announce the appointment of Mr Matthew Kay as its new Chief Executive Officer, effective 17 July 2016 or such earlier date as is available and mutually agreed. Mr Kay […]
Dana Gas Announces New Senior Management Appointments
Dana Gas PJSC, the Middle East’s leading publicly listed natural gas company, has announced the following key senior management appointments. Chris Hearne was appointed as the Chief Financial Officer of the Company on 4 January […]
Emerson to Automate Carbon Holding's Tahrir Petrochemicals Complex in $150 million Contract
Automation and reliability programs for world’s largest naphtha cracker plant will support efficient, high-availability production of plastics and related materials for local and export markets. Emerson and Carbon Holdings, the privately owned Egyptian petrochemical firm, […]
Eni's sale of Saipem stake gets European Commission clearance
Eni: sale of a stake in Saipem, the antitrust condition precedent has been satisfied after the clearance of the European Commission Reference is made to the sale by Eni S.p.A. (“Eni”) to Fondo Strategico Italiano […]
Dana Gas to cut costs and jobs by half at Head Office, will continue to invest in Egypt
Abu Dhabi-listed Dana Gas aims to slash its head office workforce by 40 percent and cut general and administrative costs by half between 2015 and early 2016, its chief executive said on Tuesday. The energy […]
Shell's shareholder Standard Life to vote against BG deal
Royal Dutch Shell’s bid to acquire BG Group was dealt a blow on Friday when a first major shareholder said it would vote against the $49 billion deal due to a weak outlook for oil […]
Fall of oil price pushes EGPC to halt tender for new exploration
The price of Brent on international markets recorded $34.4 on Wednesday and reached a maximum of $45 in November. The Egyptian General Petroleum Corporation (EGPC) postponed offering new exploration tenders for oil and gas for […]
Production in Zohr fields to begin before end of 2017
EGPC Chairman: Procedures of establishing Petro Shorouk will begin to manage and develop Zohr field. Petrobel is nearing the official formation of Petro Shorouk, the company’s subsidiary that will be tasked with completing the first […]
French banks to finance MIDOR Refinery expansion
Egypt’s oil refinery MIDOR will finance its planned expansion, borrowing $1.2 billion from French lenders Credit Agricole and BNP Paribas, a loan that will be guaranteed by the Italian central bank and the Italian export […]
Leviathan partners and BG close to $30 billion Egypt gas deal
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 […]
