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Oil & Gas
Bid Round Result

Egypt announces Results of 2021 International Digital O&G Bid Round: Seven companies awarded eight concessions

Posted: January 3, 2022 at 8:31 pm   /   Oil & Gas

Seven international companies were awarded exploration and production licenses for eight oil and gas concessions in the Mediterranean, the Western desert, and the Gulf of Suez, with a minimum investment value of c.USD 250 mn, […]

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Transglobe

TransGlobe announces amendment of Egypt’s Eastern Desert Production Sharing Contracts

Posted: December 22, 2021 at 12:57 pm   /   Oil & Gas

TransGlobe Energy announces ratification of the consolidated and amended Eastern Desert Production Sharing Contracts. TransGlobe Energy has announced the ratification of the consolidated and amended Eastern Desert Production Sharing Contracts. Production Sharing Contract Ratification TransGlobe has received […]

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Energean

Energean to increase natgas production through new Mediterranean wells

Posted: December 15, 2021 at 7:26 pm   /   Oil & Gas

Energean expects to increase natgas production through new Mediterranean wells: The Greek energy firm sees new discoveries in its North Idku and North Amriya concessions adding 150 mn cubic feet of gas per day, according to a cabinet statement. The […]

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QatarEnergy-Shell-Egypt

Shell Egypt farms out 17% of two Red Sea offshore blocks to QatarEnergy

Posted: December 13, 2021 at 8:31 pm   /   Oil & Gas

QatarEnergy teams up with Shell on two blocks offshore Egypt: Deal marks entry of Qatari giant into Egypt’s lucrative exploration sector. QatarEnergy has signed a deal with Anglo-Dutch supermajor Shell to come on board two […]

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SUMED

Oil shipments through Egypt’s SUMED pipeline hit 18-month high in November

Posted: December 9, 2021 at 12:29 pm   /   Oil & Gas

Sumed’s oil shipments at their highest in November since May 2020, with north of 700k bbl/d of crude flowing out of the pipeline last month, data compiled by Bloomberg shows. Although this is the highest […]

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Snam

Snam buys 25% stake in EMG Gas Pipeline from Thai company PTT

Posted: December 5, 2021 at 9:52 am   /   Oil & Gas

Italy’s Snam steps into the EastMed: Italian energy company Snam has bought Thai investor PTT Energy Resources’ 25% stake in the the East Mediterranean Gas Company for USD 50 mn. EMG is the owner of the Arish-Ashkelon […]

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apache

Egypt’s Parliament approves Apache’s Modernized Production Sharing Contract

Posted: December 1, 2021 at 11:45 am   /   Oil & Gas

APA Corp. says Egypt’s parliament approved the company’s agreement to modernize and consolidate its current production sharing contracts with the government.APA says the changes will “simplify the contractual relationship with [the government] and include provisions to create a single […]

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Energean

Energean signs Amendment Agreement for Egypt’s North Idku Concession

Posted: November 29, 2021 at 10:57 am   /   Oil & Gas

Amendment agreement of North Idku concession, issued by Law No. 143 of the year 2021 Energean Egypt Limited and Egyptian General Petroleum Corporation after the consent of his excellency minister of petroleum and mineral resources […]

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Tarek El Molla

El Molla hints at new energy projects for the private sector at EMGF

Posted: November 27, 2021 at 11:57 am   /   Oil & Gas

New energy projects in the pipeline for the private sector? The East Mediterranean Gas Forum has several future projects lined up that will entail cooperation between the forum’s member countries, international financial institutions, and the private sector, Oil Minister […]

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Pharos Energy

Pharos Energy announces restart of El Fayum development drilling

Posted: November 25, 2021 at 12:20 pm   /   Oil & Gas

Pharos Energy has announced a return to drilling in its El Fayum Concession in Egypt, with the commencement of an interim three-well development programme. Ed Story, President and Chief Executive Officer, commented: ‘I am pleased to announce that, after […]

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