Newsletter subscribe
Oil & Gas

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. […]

No Comments read more

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 […]

No Comments read more

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 […]

No Comments read more

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 […]

No Comments read more

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 […]

No Comments read more

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 […]

No Comments read more

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 […]

No Comments read more

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 […]

No Comments read more

BG Group buys 35% stake in Aphrodite gas discovery, offshore Cyprus

Posted: November 23, 2015 at 6:29 pm   /   Oil & Gas

BG Group announced it has taken a 35% holding in Block 12 offshore Cyprus which includes the Aphrodite gas discovery. This upstream position provides a potential source of gas to Egypt where BG Group holds […]

No Comments read more

Polarcus awarded broadband 3D project in Egypt

Posted: November 19, 2015 at 7:59 pm   /   Oil & Gas

Polarcus announced that it has signed a contract with an undisclosed client for a 3D marine seismic project offshore Egypt utilizing Polarcus’ RightBAND(TM) technique for broadband data acquisition. The project will commence in Q4 2015 […]

No Comments read more