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Oil & Gas
Egypt-NW-Gemsa-SDX

Gulf Energy pays $1.4 million to North Petroleum for operations at NW Gemsa

Posted: August 16, 2020 at 11:45 am   /   Oil & Gas

Gulf Energy has paid off USD 1.4 million in arrears SDX Energy owed to China’s North Petroleum for production at the North West Gemsa concession, which SDX and North Petroleum were operating together, Al Mal […]

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TGS plane

TGS starts its first ever airborne eFTG Multi-Client Survey in Egypt

Posted: August 12, 2020 at 12:42 pm   /   Oil & Gas

TGS Commences Egyptian Multi-Year Geophysical Survey TGS, a leading provider of multi-client geoscience data for exploration and production companies, today announced that it has commenced its first-ever regional airborne Enhanced Full Tensor Gravity Gradiometry (eFTG) […]

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Mediterra

Kom Ombo Petroleum to start $3m drilling operation at Baraka concession

Posted: August 9, 2020 at 1:39 pm   /   Oil & Gas

Kom Ombo Petroleum — a JV between the Egyptian General Petroleum Company and Mediterra Energy — will begin drilling two wells at its Baraka concession, which is expected to cost USD 2.5-3 mn, Al Mal […]

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Egypt Greece

Egypt, Greece sign maritime Exclusive Economic Zone demarcation agreement

Posted: August 9, 2020 at 1:03 pm   /   Oil & Gas

Egypt and Greece sign agreement on Exclusive Economic Zone. Egypt and Greece signed an agreement on Thursday designating an exclusive economic zone in the eastern Mediterranean between the two countries, an area containing promising oil […]

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Total

B Investments to sell 20% of its stake in Total Egypt’s downstream business

Posted: August 5, 2020 at 2:15 pm   /   Oil & Gas

B Investments is in talks to offload a fifth of its holdings in Total Egypt’s downstream operations: B Investments has entered talks with Total Egypt to sell 20% of its holdings in the company, it […]

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Tarek-el-molla

Egypt’s IOC arrears fall to $850 million at end of June – El Molla

Posted: August 4, 2020 at 12:46 pm   /   Oil & Gas

Egypt’s arrears to international oil companies fell to USD 850 mn at the end of June, down from USD 900 mn a year earlier, despite the financial pressure caused by the covid-19 pandemic, Oil Minister […]

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Eni Bashrush

Eni: Bashrush discovery offshore Egypt tested with success

Posted: July 28, 2020 at 3:20 pm   /   Oil & Gas

Eni: Bashrush discovery, in North El Hammad concession in Mediterranean Sea of Egypt, tested with success. Eni (as the Operator of the Block), bp and Total (as Contractor members) have successfully tested the well drilled […]

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SW Meleiha

Eni announces new oil discovery at SW Meleiha, in Egypt’s Western Desert

Posted: July 28, 2020 at 3:17 pm   /   Oil & Gas

Eni announces the discovery of new oil resources in the Western Desert of Egypt with a new exploration well in the South West Meleiha Concession. Production in the Concession started just one year ago and […]

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Sumed

Global oil demand slump hits Egypt’s SUMED pipeline

Posted: July 28, 2020 at 2:58 pm   /   Oil & Gas

Egypt’s Sumed oil pipeline is feeling the effects of the global demand slump: Egypt’s Sumed pipeline has recently been operating at only a quarter of its capacity due to a historic slump in global demand […]

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MEES Chevron

MEES: Chevron arrows in on East Med with $5bn Noble Energy takeover

Posted: July 28, 2020 at 2:52 pm   /   Oil & Gas

US major Chevron is expanding in the “prolific Eastern Med” with the $5bn acquisition of compatriot Noble Energy. The highlight of the deal is a 40% operator’s stake in the region’s largest gas field, Israel’s […]

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