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Tag: Egypt

Subsea 7 awarded contract for offshore East Nile project

Posted: October 14, 2015 at 1:33 pm   /   Oil & Gas

Subsea 7 S.A. announced the award of a sizeable* contract to Subsea 7 by Pharaonic Petroleum Company S.A.E. for the development of the 
East Nile Delta Phase 3 Project (END-3). This award 
was the result of a competitive tender process. The project scope includes installation engineering, procurement and fabrication of rigid spools, and 
installation of […]

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Eni announces details of North El Hammad and North Ras El Esh exploration license awards

Posted: October 12, 2015 at 3:21 pm   /   Oil & Gas

These two new concession agreements follow the recent award of the deep water Karawan and North Leil blocks, strengthening Eni’s presence in Egypt, a country of historic and strategic importance for the Company, and further relaunching its exploration activities after the recent and important successes of Nidoco NW and Zohr. Eni has been awarded with […]

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TransGlobe Energy – East Ghazalat asset receives a good price

Posted: October 9, 2015 at 6:22 pm   /   Oil & Gas

Independent Resources and Nostra Terra, which are both party to a 50:50 JV with the express purpose to acquire E&P assets in North Africa, have agreed to acquire TransGlobe’s East Ghazalat concession in Egypt. TGA holds a 50% working interest in East Ghazalat, for which the JV is to pay $3.5m. This represents a significant […]

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Results of EGAS Mediterranean Bid Round announced, awards four offshore exploration licenses

Posted: October 6, 2015 at 9:06 pm   /   Oil & Gas

Egypt has awarded four new licences to explore for oil and gas off its Mediterranean coast, weeks after Eni’s giant Zohr gas find piqued fresh international interest in the area. Egypt’s state gas company EGAS said in a statement it had awarded one licence to Britain’s BP and one to Italy’s Edison. A consortium involving […]

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Independent Resources and Nostra Terra acquire producing assets in Egypt

Posted: October 6, 2015 at 7:49 pm   /   Oil & Gas

Independent Resources plc (IRG) announced the intention to establish a strategic joint venture company (“JVCO”) owned 50-50 with Nostra Terra Oil & Gas Company plc (“Nostra Terra”) focused on the acquisition of producing assets in the North Africa region. IRG and Nostra Terra are pleased to announce that it has reached agreement with TransGlobe Energy […]

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Egypt and Cyprus are committed to maintaining energy ties

Posted: October 1, 2015 at 6:50 pm   /   Oil & Gas

Egypt’s President Abdel Fattah el-Sisi met Cyprus President Nicos Anastasiades in New York on Monday. The two leaders discussed regional cooperation on the sidelines of the UN General Assembly. Energy was an important item on the agenda following ENI’s huge discovery in Egypt’s Exclusive Economic Zone. Earlier this month, the Italian company announced it had […]

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Final Signing of EGPC and Kuwait Energy Partnership for Oil and Gas Exploration in Iraq

Posted: October 1, 2015 at 6:43 pm   /   Oil & Gas

Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources announced that EGPC signed a final agreement for a partnership with Kuwait Energy for exploration of oil and natural gas in Iraq, for the first time in the Egyptian Petroleum industry history. Under the agreement, Kuwait Energy conceded its 10% share in concession area No. […]

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BW Gas floating LNG terminal arrives in Egypt

Posted: October 1, 2015 at 6:40 pm   /   Oil & Gas

A second liquefied natural gas (LNG) import terminal arrived in Egypt without cargo on Wednesday and will start operating in the third week of October, state gas board EGAS head Khaled Abdel Badie told Reuters. The floating storage and regasification unit (FSRU) provided by Singapore-based Norwegian gas shipping company BW Gas will allow Egypt to […]

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Beach Energy's sale of Egypt's Abu Sennan interest to Rockhopper pre-empted

Posted: September 28, 2015 at 7:11 pm   /   Oil & Gas

As announced on 10 August 2015, Beach Energy entered into an agreement with Rockhopper Exploration in relation to the sale of its wholly-owned subsidiary, Beach Petroleum (Egypt), whose core asset is a 22% interest in the Abu Sennan Concession in Egypt. Completion was subject to satisfaction of certain conditions precedent, including waiver or non-exercise of […]

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Petroceltic set to drill close to Eni's Zohr discovery

Posted: September 22, 2015 at 2:40 pm   /   Oil & Gas

Irish exploration firm, Petroceltic is expected to begin drilling next year at one of its prospects located close to the recent giant Zohr gas discovery by Eni off the coast of Egypt. The find has also widened interest in Petroceltic, which holds two licences, one awarded in 2013 and the other late last year, around […]

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