4:08 pm Egypt to directly award West Mediterranean O&G exploration rights
4:02 pm Mubadala-backed Alcazar Energy considers sale of Egypt, Jordan assets
3:25 pm Egypt’s push to become East Mediterranean gas hub – Reuters FactBox
3:33 pm Borouge sets up petrochemicals marketing company in Egypt
3:29 pm Dragon Oil completes acquisition of BP’s Gulf of Suez assets (GUPCO)
3:21 pm China’s Gezhouba signs $287.5 mn contract to build solar plants in Egypt
Egypt signs $1.1 bn funding agreement with Islamic Trade Finance Corporation
Egypt to get USD 1.1 bn ITFC loan for commodity imports: Egypt has signed a USD 1.1 bn funding agreement with the Islamic Trade Finance Corporation (ITFC) to help it import petroleum products and food […]
Energean Oil and Gas makes pledge to net zero emissions by 2050
Energean first London listed E&P company to commit to the UN’s Global Compact campaign – “Business Ambition for 1.5°C: Our Only Future”; pledges to net zero emissions by 2050. Energean Oil and Gas plc, the […]
The Challenges Facing Eastern Mediterranean Gas, by Amira El-Mazni
Gas has been discovered in the East Mediterranean for a decade, yet most remain undeveloped. This article reviews these discoveries and share some risks & various technical, commercial & political challenges facing their full development. […]
Suez Oil Refinery in Egypt lent $50 million for energy efficiency upgrades
A London-based bank is supporting the modernisation of Egypt’s oil industry with a $50 million (£39m) loan to support energy efficiency investments at a refinery. Suez Oil Processing Company (SOPC) will use the grant from […]
Egypt signs $430m natural gas deal with Noble Energy at Africa Investment Forum
Egypt signs energy accords at conference in new capital. Egypt said it had signed several energy accords at a conference in its partially built new capital on Saturday, including a $430-million deal for Texas-based Noble […]
Eni to bring third Baltim South West well online by the end of the year
Eni will link the third well in its Baltim South West field to the national grid by the end of the year, a source in the oil sector told the local press. This will raise […]
Encardio-Rite Group brings world class geotechnical instrumentation to Africa under Lagtib Hassan
Geotechnical Monitoring and Instrumentation giant, Encardio-Rite Group, expands its operations to Africa with Lagtib Hassan leading from the front as the Executive, Business Development. Lagtib Hassan with a degree from Mohammadia Engineering School (EMI, Rabat, […]
Energean signs Gas Sales and Purchase Agreement with MRC
GSPA signed with MRC: Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce that Energean Israel and MRC Alon Tavor Ltd. (“MRC”) have signed a Gas […]
PAS adds sixth Leonardo helicopter for offshore operations in Egypt
Petroleum Air Services (PAS) adds sixth Leonardo AW139 helicopter for offshore transport operations in Egypt. Italian helicopter supplier Leonardo has informed that Petroleum Air Services of Egypt will add a sixth AW139 intermediate twin helicopter […]
Nostra Terra to exit East Ghazalat concession in dispute settlement
Nostra Terra Oil & Gas subsidiary Nostra Terra Inc (NTI) has agreed to hand over its 50% non-operating stake in the Egyptian East Ghazalat concession to North Petroleum International Company in order to settle an […]
