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Oil & Gas

Aminex converts interests in Egypt from Production Sharing to Royalty Structure

Posted: August 25, 2015 at 8:03 pm   /   Oil & Gas

Aminex announced a reorganisation and continuation of its Egyptian interests through a conversion of its carried interest to first production into an overriding royalty position in a recent discovery well. Aminex is currently a 12.5% […]

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Sea Dragon Energy Inc. to acquire Madison PetroGas Ltd. including its assets in Egypt

Posted: August 21, 2015 at 9:05 pm   /   Oil & Gas

Sea Dragon Energy Inc. and Madison PetroGas Ltd. Announce Strategic Business Combination and Creation of SDX Energy Inc. Sea Dragon Energy Inc. (“Sea Dragon”) (TSX VENTURE: SDX) and Madison PetroGas Ltd. (“Madison”), a private, arm’s […]

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Rockhopper Exploration acquires Beach Petroleum Egypt in $22 million deal

Posted: August 10, 2015 at 10:01 pm   /   Oil & Gas

Rockhopper Exploration plc, the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean and North Africa region, announced the acquisition of a portfolio of non-operated production […]

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Schlumberger: Training the Next Generation

Posted: August 9, 2015 at 7:51 pm   /   Oil & Gas

NEW PARTNERSHIP FOR OIL AND GAS SKILLS TRAINING AND DEVELOPMENT Technology and knowledge sharing are at the center of Schlumberger. As part of an ongoing commitment to leading-edge training, Schlumberger has partnered with Oil & Gas […]

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Hibiscus Petroleum announces details of East Ras el Ush Concession Award

Posted: August 5, 2015 at 9:58 pm   /   Oil & Gas

Introduction: Hibiscus Petroleum Berhad is pleased to announce that its wholly-owned subsidiary, Gulf Hibiscus Limited (“Gulf Hibiscus”), has been awarded the South East Ras El Ush concession (“Block 2”) in Egypt by the Ganoub El-Wadi […]

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Results of Ganope Bid Round announced, awards five concessions worth $100 million

Posted: August 3, 2015 at 9:37 pm   /   Oil & Gas

Egypt has awarded five oil and gas concessions that are expected to bring in minimum total investments of about $100 million with bonuses of $3.7 million to drill 16 exploration wells for oil and gas, […]

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BW Gas to provide Egypt with floating LNG terminal – EGAS

Posted: August 3, 2015 at 9:18 pm   /   Oil & Gas

Singapore-based Norwegian gas shipping company BW Gas will provide Egypt with a liquefied natural gas (LNG) floating import terminal under a five-year contract, state company EGAS said on Monday, as the government grapples with energy […]

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Subsea 7 awarded $500 million BP contract offshore Egypt

Posted: July 30, 2015 at 7:45 pm   /   Oil & Gas

Subsea 7 S.A. announced the award of a contract with a value of approximately USD 500 million by BP, and partner DEA, for the development of the Taurus and Libra subsea fields offshore Alexandria, Egypt. […]

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Egypt finalizes two refinery modernization agreements with Technip

Posted: July 28, 2015 at 1:00 pm   /   Oil & Gas

Under two separate agreements, which were signed during a recent visit to Italy by Egyptian government officials, Technip Italy S.p.A. will provide an array of services for modernization projects at Egyptian General Petroleum Corporation’s (EGPC) […]

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Eni's CEO and Egyptian MOP sign update to Head of Agreement signed last March

Posted: July 24, 2015 at 7:12 pm   /   Oil & Gas

Eni’s CEO Claudio Descalzi and the Egyptian Minister of Petroleum Sherif Ismail sign an update to the Head of Agreement signed last March in Sharm el-Sheikh. The Egyptian Minister of Petroleum and Mineral Resources, Sherif […]

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