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Tag: Egypt

Egypt raises gas price paid to Italy's Eni and Edison – EGAS official

Posted: July 6, 2015 at 9:32 pm   /   Oil & Gas

Egypt has raised the prices it pays Eni and Edison for the natural gas they produce in the country, an official with state-owned gas company EGAS said on Sunday. The agreements mark the latest move by Egyptian authorities to improve terms for foreign oil and gas businesses in the hope that more competitive pricing will […]

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PGS confirms signing significant multi-client deal for Egypt

Posted: June 29, 2015 at 9:58 pm   /   Oil & Gas

PGS confirmed that a multi-client agreement covering Egypt’s Western Mediterranean Sea was signed Wednesday 24 June 2015 by Egyptian Natural Gas Holding Company (EGAS) and PGS. Following a competitive tendering process, PGS has been selected by Egyptian Natural Gas Holding Company (EGAS) to supply services related to the largest seismic oil and gas exploration project […]

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EGAS to conduct Mediterranean's largest seismic exploration project

Posted: June 25, 2015 at 9:45 pm   /   Oil & Gas

Egypt’s state-owned gas company EGAS will carry out the largest seismic oil and gas exploration project in the Mediterranean, seeking data that could attract global exploration companies, it said on Thursday. EGAS said it has signed a deal with Norwegian seismic surveyor PGS to conduct two and three-dimensional scans in the western zone of Egypt’s […]

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Axens to provide technologies for the production of high octane gasoline in Upper Egypt

Posted: June 17, 2015 at 11:21 pm   /   Oil & Gas

Assiut Oil Refining Company (ASORC) has selected Axens to supply technologies for its project of refinery upgrading, which consist of a new complex for the production of high octane gasoline. This project aims to satisfying domestic market needs for high quality gasoline. For this project, Axens offered: – Naphtha Hydrotreater (NHT). – Continuous catalytic Reformer […]

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Dana Gas commences drilling campaign in Egypt

Posted: June 9, 2015 at 9:24 pm   /   Oil & Gas

Dana Gas confirmed that it has commenced drilling the Balsam-2 development well in the Balsam Development lease onshore Nile delta. The Balsam-2 well is being drilled with the 2000 HP Egyptian Drilling Company’s Rig #48 and targets the Qawasim formation at a depth of 3200 m. A slanted and fully cored pilot hole will be […]

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Dana Gas signs participation agreement with BP in Egypt

Posted: June 3, 2015 at 7:51 pm   /   Oil & Gas

– Dana Gas concludes agreement with BP for drilling an exploration well in El Matariya Onshore Concession (Block 3) – Dana Gas to be carried for the exploration well costs – The exploration well expected to spud 1H 2016 Dana Gas, the Middle East’s leading regional private sector natural gas company, is pleased to confirm […]

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Egypt signs exploration deal with Italy's Eni worth $2 billion

Posted: June 2, 2015 at 2:14 pm   /   Oil & Gas

Egypt’s Petroleum Ministry said on Monday it had signed an energy exploration deal with Italy’s Eni worth $2 billion following an MOU signed in March during the Egyptian Economic Development Conference (EEDC). The deal paves the way for the modification of some previous deals between the ministry and Eni that include gas price adjustments, the […]

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Egypt extends Mediterranean gas exploration tender by 2 months, adds four new blocks

Posted: May 27, 2015 at 10:43 pm   /   Oil & Gas

Egypt has extended its tender for natural gas exploration in the Mediterranean Sea by two months with the addition of four new blocks, the state gas board said, as the country seeks to boost domestic energy production. The bidding period now runs to July 30 and will include 12 offshore concessions instead of eight, the […]

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DEA farms out part of West Nile Delta project to BP

Posted: May 19, 2015 at 10:42 pm   /   Oil & Gas

DEA Deutsche Erdoel AG has equalized its working interest and farmed down its stake in the West Nile Delta (WND) project in Egypt to its Joint Venture partner and operator BP in order to better balance its portfolio. The deal includes the sale of a portion of DEA’s stake in the ongoing Phase 1 development […]

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Apache announces first-quarter financial and operational results

Posted: May 13, 2015 at 2:03 pm   /   Oil & Gas

Apache Corporation announced a first-quarter 2015 net loss of $4.7 billion or $12.34 per diluted common share, which includes an after-tax ceiling-test write down of $4.7 billion, as a result of substantially lower commodity prices. When adjusted for certain items that impact the comparability of results, Apache’s first-quarter loss totaled $139 million or $0.37 per […]

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