Newsletter subscribe
Oil & Gas

Egypt extends Mediterranean gas exploration tender by 2 months, adds four new blocks

Posted: May 27, 2015 at 10:43 pm   /   Oil & Gas

Egypt has extended its tender for natural gas exploration in the Mediterranean Sea by two months with the addition of four new blocks, the state gas board said, as the country seeks to boost domestic […]

No Comments read more

DEA farms out part of West Nile Delta project to BP

Posted: May 19, 2015 at 10:42 pm   /   Oil & Gas

DEA Deutsche Erdoel AG has equalized its working interest and farmed down its stake in the West Nile Delta (WND) project in Egypt to its Joint Venture partner and operator BP in order to better […]

No Comments read more

Apache announces first-quarter financial and operational results

Posted: May 13, 2015 at 2:03 pm   /   Oil & Gas

Apache Corporation announced a first-quarter 2015 net loss of $4.7 billion or $12.34 per diluted common share, which includes an after-tax ceiling-test write down of $4.7 billion, as a result of substantially lower commodity prices. […]

No Comments read more

Höegh Gallant commences commercial operations in Egypt

Posted: May 11, 2015 at 8:32 pm   /   Oil & Gas

Höegh LNG Holdings Ltd. announced that its Floating Storage and Regasification Unit (FSRU) Höegh Gallant successfully completed all performance and commissioning tests on 29 April 2015, and has commenced commercial operations under its five years FSRU […]

No Comments read more

BG Group announces Q1 results, provides an update on operations and Royal Dutch Shell offer

Posted: May 10, 2015 at 10:47 pm   /   Oil & Gas

BG Group announced its Q1 2015 results and provided an update on operations, including the recommended cash and share offer for BG Group by Royal Dutch Shell. The business and operational highlights concerning Egypt stated […]

No Comments read more

Dana Gas announces Q1 results, commits to 20 new development wells in Egypt

Posted: May 10, 2015 at 10:32 pm   /   Oil & Gas

The Sharjah-based company maintains strong production and profitability in Q1 2015 despite steep fall in crude oil prices. Dana Gas, the Middle East largest regional private sector natural gas Company announced its financial results for […]

No Comments read more

OneSubsea Awarded Contract for BP West Nile Delta Taurus Libra Development

Posted: April 24, 2015 at 7:26 pm   /   Oil & Gas

OneSubsea, a Cameron and Schlumberger company, has been awarded a multi-million dollar contract to supply subsea systems for the BP West Nile Delta Taurus Libra development offshore Egypt. The subsea systems scope of supply includes […]

No Comments read more

Eni reports record level of oil production in the Western Desert

Posted: April 21, 2015 at 8:30 pm   /   Oil & Gas

In just three years, the company has doubled production in the Western Desert, reaching 70 thousand barrels of oil per day. Eni reached a record level of production of 70 thousand barrels of oil per […]

No Comments read more

Petrojet awarded two projects from Petrofac & GASCO

Posted: April 15, 2015 at 8:17 pm   /   Oil & Gas

Petrojet announced that it has received two separate awards; one from Petrofac, the international oil services provider,  on its Rabigh II project in Saudi Arabia, while the other award is from Abu Dhabi Gas Industries […]

No Comments read more

Kuwait Energy announces oil discovery at Abu Sennan

Posted: April 15, 2015 at 7:50 pm   /   Oil & Gas

Kuwait Energy, an independent oil and gas company with assets across the MENA region, and their main partner, the Egyptian General Petroleum Corporation (EGPC), announced that the exploration well ASH-1ST on the Abu Sennan concession, […]

No Comments read more