Newsletter subscribe
Tag: Exploration

Egypt inked 83 oil and gas agreements with IOCs since 2013 – El Molla

Posted: September 27, 2017 at 7:01 pm   /   Oil & Gas

Foreign firms have entered in 83 agreements for oil and gas exploration and production with the Ministry of Petroleum since the June 30 Revolution of 2013, Minister of Petroleum Tarek El Molla said. During the minister’s meeting with the French Chamber of Commerce in Egypt, El Molla highlighted that this number is a record in […]

No Comments read more

Dana Gas and BP to drill exploration wells in the Nile Delta next month

Posted: September 25, 2017 at 11:24 am   /   Oil & Gas

Dana Gas and BP hope to begin drilling exploration wells in their Nile Delta concessions next month, an unnamed EGAS source tell Al Shorouk. The source added that Dana Gas has yet to release new funds to begin operations in the Nile Delta, and is awaiting approval from the board to release the funds before […]

No Comments read more

EGPC paid $6.2 billion in arrears to IOCs during FY 2016/17

Posted: September 24, 2017 at 6:53 pm   /   Oil & Gas

The Egyptian General Petroleum Corporation (EGPC) paid $6.2 billion to foreign companies in arrears during the fiscal year (FY) 2016/2017, which in turn prompted companies to accelerate their activities in the oil and gas fields, EGPC Chairman Abed Ezz el-Regal said Thursday. He added that EGPC paid a total amount of $19.3 billion and LE […]

No Comments read more

Egypt and cashflow are the key to TransGlobe Energy’s recovery

Posted: September 23, 2017 at 11:03 pm   /   Oil & Gas

Company believes Egypt still offers a fantastic opportunity for oil exploration. Egypt has been a tough place to operate for oil and gas companies in recent years, especially the western ones. Markets are also wary given the political upheaval, but Toronto and NASDAQ-listed oil producer TransGlobe Energy Corporation reckons the share price treatment it has […]

No Comments read more

Gasser Hanter: Shell positioning itself as Egypt’s preferred future partner

Posted: September 19, 2017 at 4:13 pm   /   Oil & Gas

The Apollonia project can boost Egypt’s unconventional oil/gas exploration and production. In the wake of the ongoing economic reform programme adopted by the authorities and the plans to transform Egypt into a major energy hub, Daily News Egypt sat with Gasser Hanter, Vice President Upstream, Country Chair & Managing Director of Shell Egypt, which is […]

No Comments read more

Video: TransGlobe well positioned for strong growth in Egypt, CEO says

Posted: September 19, 2017 at 3:39 pm   /   Oil & Gas

Ross Clarkson, president and CEO of TransGlobe Energy Corporation chats with Proactive’s Andrew Scott about the group’s assets in Canada and Egypt. ”We’ve been in business 22 years, I created the company and we have been active explorers and developers for that period of time”, Clarkson says. TransGlobe will be developing new oil fields in […]

No Comments read more

El Molla: Eight Oil & Gas Exploration Agreements to be finalized soon

Posted: September 19, 2017 at 1:56 pm   /   Oil & Gas

The Ministry of Petroleum and Mineral Resources is reviewing Egypt’s vast arid land in the Eastern & Western Deserts as well as the Suez Gulf, as it seeks security approvals before initiating new tenders for exploring gas and oil there, in addition to 8 exploration deals due to be sealed soon, according to Minister Tarek […]

No Comments read more

Egypt to resolve energy issues with 21 new oil & gas projects in 3 years

Posted: September 19, 2017 at 1:38 pm   /   Oil & Gas

The petroleum sector is starting to regain its strength after the difficult period that followed the 25 January and the 30 June revolutions. The sector managed, over the past four years, to achieve distinct results in all petroleum fields after the return of political stability and security, backed by efforts and procedures made by the […]

No Comments read more

El Molla: Egypt to import 80 LNG cargoes worth $1.8 billion in FY 2017-18

Posted: September 19, 2017 at 12:49 pm   /   Oil & Gas

Egypt’s current gas production at 5.2bn cf per day, imports to stop at end 2018. The government succeeded in solving the energy saving crisis faced by the country until 2015 by importing liquefied natural gas (LNG) shipments and realising large oil and gas discoveries that contributed to reducing pressure on foreign currency and saving energy […]

No Comments read more

SDX Energy fully funded for South Disouq exploration

Posted: September 6, 2017 at 6:12 pm   /   Oil & Gas

Successful equity issue to finance fast-track development and fresh exploration wells at Nile Delta find onshore Egypt. SDX Energy aims to drill two further exploration wells near its South Disouq discovery onshore Egypt where it is now targeting first gas in the first quarter of 2018 after raising cash in a successful equity issue. The […]

No Comments read more