Egypt’s House of Representatives approves 12 Oil & Gas E&P Agreements
The Egyptian oil minister, Tarek el Molla, has announced the signing of 12 agreements with international companies for the search for oil and gas in the Red Sea, in the Western Desert and in the exclusive economic zone (EEZ) in the eastern and western Mediterranean with investments up to to a billion dollars and signing […]
SDX sees potential to extend South Disouq’s gas output plateau to 2026
Added prospectivity in South Disouq concession. Gas sold at fixed rate $2.85/Mcf to EGAS. UK-listed upstream junior SDX Energy said June 23 it hopes to be able to extend the plateau gas production rate at its flagship South Disouq block onshore Egypt until 2026. SDX — which started production at South Disouq in November last […]
Egypt’s Cabinet ratifies 12 oil & gas agreements worth over $1 billion
Cabinet has ratified twelve oil and gas agreements the Oil Ministry signed with international companies in February, the ministry said in a statement. Companies including Royal Dutch Shell, Chevron, BP, Total, Noble Energy will invest upwards of USD 1 bn in concession areas in the Mediterranean, the Red Sea, and the Western Desert. The House […]
BP starts drilling gas exploration well in North El Tabia offshore block
BP begins drilling exploratory gas well in North El Tabia: BP began drilling yesterday its Atoll Nooros exploratory gas well in its North El Tabia block in the Mediterranean, Al Shorouk reported, citing an EGAS source. The company will complete drilling in four months and reveal results in 2H2020. BP had signed an agreement with […]
Eni reaches agreement allowing the restart of Damietta LNG plant in Egypt
Italian energy major Eni signed a series of agreements with paving the way for the restart of the Damietta liquefaction plant in Egypt by June 2020. Eni reaches agreement with partners to amicably resolve the disputes affecting Union Fenosa Gas allowing the restart of the Damietta liquefaction plant in Egypt. Eni has signed a series […]
Gaston debuts truck-to-tank gas transfer in Egypt with EGP 150m investment
Gaston for Compressed Natural Gas, a subsidiary of Saad El Din Group, began implementing the first phase of a government plan to transfer natural gas across the country using tankers instead of pipelines, which would give remote areas not on the national pipeline network access to gas, with EGP 150m investment. Mohamed Saad El Din, […]
Egypt modifies gas price of El-Burg offshore concession to $5.88/MMBtu
Egypt agrees price indexing of Mediterranean’s El-Borg concession capped at $5.88/MMBtu. The Egyptian Natural Gas Holding Company (EGAS), Shell, and BP have signed an agreement to modify gas prices at El-Borg marine concession area in the Mediterranean Sea, through a price index formula linked to the global price of crude barrel, with a maximum price […]
Egypt to directly award West Mediterranean O&G exploration rights
Egypt will directly award contracts for oil and gas exploration blocks in the Western Mediterranean to companies equipped to drill in deep water, Oil Minister Tarek El Molla told CNBC Arabia. The government plans to offer some concessions through bid rounds, but the priority is to select companies with advanced technology to drill in the […]
Shell submits proposal to sell natural gas to the Egyptian local market
Shell Egypt wants to sell natgas to the local market: Shell Egypt has submitted a request to the Gas Regulatory Authority to allow it to sell gas to customers in the local market using the national grid, Shell Egypt Deputy Country Chair Moataz Darwish told Al Mal. The process could take years to complete and […]
Egypt triples natural gas exports from Idku LNG plant to 1 bcf/d
Natural gas exports from the Idku liquefaction plant have more than tripled to 1 billion cubic feet/day (bcf/d), up from 300 million cubic feet/day last month, an EGAS source tells the local press. The higher exports came after oversupply issues over the previous three months lessened and international prices stabilized. Exports were slashed by 80% […]
