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Oil & Gas

Cyprus, Egypt, Greece Tripartite Summit Declaration

Posted: December 9, 2015 at 6:58 pm   /   Oil & Gas

A third Trilateral Summit between Greece, Egypt and Cyprus in Athens on Wednesday effectively solidified the foundations of the cooperation between the neighbouring countries in the years to come. “Our 3rd Trilateral Summit underlines our […]

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Delek Group responds to press releases regarding suspension of negotiations for export of Natural Gas to Egypt

Posted: December 9, 2015 at 6:49 pm   /   Oil & Gas

Reference to Press Releases regarding the Suspension of Negotiations for Export of Natural Gas to Egypt Delek Group (“the Company”) announces that attached is an Immediate Report just published by Avner Oil Exploration Limited Partnerships […]

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BP to acquire additional interest in the West Nile Delta project

Posted: December 9, 2015 at 6:34 pm   /   Oil & Gas

BP Egypt has announced the completion of its acquisition of 22.75 per cent in the North Alexandria Concession and 2.75 per cent in the West Mediterranean Deep Water Concession from Hamburg-based DEA Deutsche Erdoel AG. […]

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Farm-down completed – DEA remains strong partner in the West Nile Delta project

Posted: December 9, 2015 at 6:28 pm   /   Oil & Gas

DEA Deutsche Erdoel AG has completed the farm-down of its stake in the West Nile Delta (WND) project in Egypt. Its share in all WND fields is now equalized at 17.25%. The share reduction was […]

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EGPC signs two new Exploration Agreements in the Gulf of Suez and Western Desert

Posted: December 7, 2015 at 7:23 pm   /   Oil & Gas

Minister of Petroleum and Mineral Resources, Eng. Tarek El-Molla, signed two new agreements for oil and gas exploration in the Gulf of Suez and Western Desert. The first agreement is with Tunisia’s HBSI for the […]

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WRA in Partnership with Ministry of Petroleum bring International Technology Companies and Investors to Cairo

Posted: December 7, 2015 at 7:18 pm   /   Oil & Gas

The World Refining Association (WRA) announced the inaugural Egypt Downstream Summit & Exhibition is to be held under the patronage of His Excellency Tarek El Molla, Minister of Petroleum and Mineral Resources. Maxwell Thompson, Project […]

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Egypt to appeal $1.76 billion award to Israel in gas dispute, freeze gas import talks

Posted: December 7, 2015 at 6:13 pm   /   Oil & Gas

Egypt said it would appeal an order by international arbitrators to pay $1.76 billion in compensation to state-owned Israel Electric Corp for halting gas supplies three years ago, and freeze gas import talks until the […]

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GlobalData: Successful Development of Zohr in Egypt to Catalyze Further East Mediterranean Projects

Posted: December 1, 2015 at 6:37 pm   /   Oil & Gas

Eni is progressing plans to bring the giant Zohr gas field online by 2018. The company’s CEO, Claudio Descalzi, has already presented multi-billion dollar development plans to the president of Egypt Abdel Fattah Al-Sisi, who […]

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Drilling activities at Zohr field to re-start in January

Posted: November 30, 2015 at 3:31 pm   /   Oil & Gas

President el-Sisi met in Cairo Eni’s CEO Claudio Descalzi. Mr. Descalzi made an assessment on the work in-progress of the plan for the development of the Zohr field, where drilling activities will restart in January […]

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Letter of Intent to Export Natural Gas from the Leviathan Project for Consumers in Egypt

Posted: November 28, 2015 at 4:08 pm   /   Oil & Gas

Delek Group announced that attached is an Immediate Report just published by Avner Oil Exploration Limited Partnerships and Delek Drilling Limited Partnerships (“the Partnerships”) concerning a Letter of Intent for the export of natural gas from […]

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