Newsletter subscribe
Oil & Gas
United

United Oil & Gas announces acquisition of Rockhopper Egypt for $16 million

Posted: July 23, 2019 at 12:53 pm   /   Oil & Gas

Rockhopper exits Egypt: Interest in Abu Sennan concession sold to United Oil & Gas in $16 million deal. Rockhopper Exploration has struck a deal to sell off its interest in the Abu Sennan concession in […]

No Comments read more
Wintershall Dea

Wintershall Dea plans to invest $800 million in Egypt during 2019, 2020

Posted: July 22, 2019 at 7:00 pm   /   Oil & Gas

Germany’s Wintershall Dea aims to invest $800 million in Egypt until 2020, the North African nation’s minister of petroleum and mineral resources Tarek El-Molla said. This move reflects the most populous Arab nation’s improved investment […]

No Comments read more
Red Sea

Egypt extends deadline for Red Sea Offshore Bid Round to September

Posted: July 22, 2019 at 3:07 pm   /   Oil & Gas

The South Valley Egyptian Petroleum Holding Company (Ganope) announced the extension of the closing date of its Offshore Red Sea Oil & Gas Exploration Bid Round till mid-September. The Offshore Red Sea Bid Round (O.R.S.B.R […]

No Comments read more
drilling

Edison to drill Ameeq deepwater prospect offshore Egypt this year

Posted: July 19, 2019 at 8:55 pm   /   Oil & Gas

Edison eyes Ameeq wildcat off Egypt this year. Italian player to drill probe on 2.8 Tcf prospect in North Thekah licence, acreage that has synergies with Edison’s adjacent Royee block off Israel Italy’s Edison E&P […]

No Comments read more
ONS

EKH’s NSCO begins gas production from offshore North Sinai well

Posted: July 18, 2019 at 2:47 pm   /   Oil & Gas

Egypt Kuwait Holding’s (EKH) NSCO Investments Limited started production from its first North Sinai natural gas well on 13 July with a capacity of 25 mmcf/d, the company said in a stock exchange filing (pdf). […]

No Comments read more
Oil

Egypt forecasting crude oil prices at $64-68 in its new hedging contracts

Posted: July 17, 2019 at 1:25 pm   /   Oil & Gas

Egypt eyes pricing crude at USD 64-68 in new hedging contract: Crude oil prices will be set at USD 64-68 per bbl in the government’s fuel hedging contracts with international banks, which are due to […]

No Comments read more
Maridive

UAE-based investor Najjad Zeenni acquires $37 mn stake in Maridive

Posted: July 15, 2019 at 3:12 pm   /   Oil & Gas

Maridive & Oil Services’ board of directors has approved an offer by UAE-based investor Najjad Zeenni to acquire a USD 37 million stake in the company, the company announced in a statement. Zeenni, who is […]

No Comments read more
LNG

EGAS to offer three LNG shipments from Idku plant in August

Posted: July 14, 2019 at 6:46 pm   /   Oil & Gas

State-owned EGAS will offer three LNG shipments from the Idku plant in August, two trade sources told Reuters. One source said that two of the shipments will be offered on a Free On Board (FOB) […]

No Comments read more
Cyprus

Egypt, Cyprus gas infrastructure has “significant potential” to draw capital

Posted: July 14, 2019 at 6:44 pm   /   Oil & Gas

Egypt and Cyprus’ gas infrastructure has “significant potential” to draw in capital as part of a drive from Cyprus-based investment firm Cynergy Group to raise a total of USD 10 billion to “consolidate Eastern Mediterranean […]

No Comments read more
Tarek El Molla

Egypt’s arrears to IOCs reduced to $900 million at end of June – El Molla

Posted: July 13, 2019 at 12:12 pm   /   Oil & Gas

Egypt’s arrears to foreign oil companies declined to $900 million at the end of June from $1.2 billion a year ago, the petroleum minister said on Thursday, adding that the remaining amount would be paid […]

No Comments read more