Newsletter subscribe
Oil & Gas
David Chi

Apache’s investment in Egypt exceeded $1 billion in 2018 – David Chi

Posted: October 28, 2018 at 3:13 pm   /   Oil & Gas

David Chi, Vice-President and General Manager of Apache Egypt, said the company’s investments in the Egyptian petroleum sector exceeded USD 1 billion in 2018. In statements to MENA on Thursday on the fringe of a […]

No Comments read more
Zohr

Eni sets new Zohr production target of 3.2 bcf/d by end of 2019

Posted: October 28, 2018 at 3:06 pm   /   Oil & Gas

In a conference call with analysts, Eni’s finance chief Massimo Mondazzi said that the company is ramping up production at its Zohr field offshore Egypt, where it is now targeting 3.2 billion cubic feet (bcf) of […]

No Comments read more
Damietta

Eni, Naturgy in advanced talks over re-opening Damietta LNG facility in Egypt

Posted: October 28, 2018 at 3:00 pm   /   Oil & Gas

Eni-Naturgy JV looking to re-launch operations at Damietta LNG facility in 2019: Italy’s Eni and its Spanish partner Naturgy are in “advanced talks” to re-launch operations at their Damietta LNG facility in 2019, Eni’s CFO Massimo […]

No Comments read more
BP

BP looking to grow in Egypt, will not increase stake in Zohr field

Posted: October 28, 2018 at 2:51 pm   /   Oil & Gas

BP CEO Bob Dudley told Reuters on Thursday that BP was looking to grow in Egypt where it is developing the West Nile Delta project. BP had pledged USD 2 billion in new investments in […]

No Comments read more
LNG Cargo

Egypt LNG cargo on its way to UK’s Dragon terminal

Posted: October 25, 2018 at 11:36 am   /   Oil & Gas

The UK’s Dragon liquefied natural gas (LNG) terminal is scheduled to receive a cargo of the chilled fuel from Egypt next week. Maran Gas Maritime’s newbuild, the 173,400-cbm Maran Gas Spetses is expected to arrive […]

No Comments read more
tgs-schlumberger Red Sea

Egypt to offer Red Sea exploration bid round by end of 2018

Posted: October 25, 2018 at 11:31 am   /   Oil & Gas

Egypt’s Minister of Petroleum Tarek El-Molla has announced that Egypt will offer the first bid on oil and gas exploration in the Red Sea before the end of 2018 after processing seismic reflection data. During […]

No Comments read more
TransGlobe Western Desert

TransGlobe starts drilling new well at South Ghazalat concession

Posted: October 25, 2018 at 11:26 am   /   Oil & Gas

TransGlobe Energy announced yesterday that it began drilling for oil at its SGZ 6X exploration well in the South Ghazalat concession in the Western Desert. The company also said that it successfully began production from […]

No Comments read more
Oil

Egypt spends $1.5 billion/month on petroleum products for local market

Posted: October 24, 2018 at 1:27 pm   /   Oil & Gas

Egypt spends more than $1.5 billion per month in providing petroleum products to the local market, Petroleum Minister Tarek El Molla said on Tuesday, a bill that covers both imports and the share of foreign […]

No Comments read more
Zohr Ramp Up

Eni starts drilling two new wells at Zohr natural gas field

Posted: October 23, 2018 at 12:47 pm   /   Oil & Gas

Italy’s Eni started drilling two additional wells at the offshore Zohr natural gas field as it prepares to raise output to its 2.7 bcf/d plateau next year, an unnamed source from EGAS tells Al Shorouk. […]

No Comments read more
WesternGeco Seismic

First phase of Red Sea seismic mapping completed – El Molla

Posted: October 21, 2018 at 3:16 pm   /   Oil & Gas

Phase one of seismic mapping of Red Sea completed: The first phase of the seismic mapping of energy and mineral resources in the Red Sea — a precursor step to tendering exploration concessions there — […]

No Comments read more