Newsletter subscribe
Tag: Exploration

Ganope to award two IOCs E&P blocks in Western Desert, will announce Bid Round results by end of month

Posted: July 11, 2017 at 3:15 pm   /   Oil & Gas

Ganoub El Wadi Petroleum Holding Company (Ganope) will award two international companies oil and gas E&P projects in the Western Desert, an unnamed Ganope source tells Al Borsa. Ganope will announce the winners of the tender for 10 blocks in the Western Desert and Gulf of Suez in two weeks’ time, according to the source. […]

No Comments read more

El Molla discusses investments, East Lagia concession with Vegas CEO

Posted: July 4, 2017 at 2:13 pm   /   Oil & Gas

Greece’s Vegas Oil and Gas intends to increase its investments in Egypt in the coming period and will be participating in upcoming oil and gas exploration tenders, CEO David Evans told Petroleum Minister Tarek El Molla in a meeting yesterday, according to a ministry statement. Vegas operates in the East Lagia concession in Sinai, where […]

No Comments read more
DNE Natural Gas

Egypt's energy future between reality and fantasies

Posted: June 8, 2017 at 8:11 pm   /   Oil & Gas

Egypt is the second largest producer of natural gas in Africa after Algeria, yet Egypt’s power generation infrastructure is dependent on natural gas. More than 75% of the electricity generated in Egypt comes from natural gas plants. Egypt currently produces about 3.9bn cubic feet of gas per day and imports another 1-1.1bn cubic feet per […]

No Comments read more

Total, Eni, BP start exploration program in North El Hammad offshore Egypt

Posted: June 8, 2017 at 6:52 pm   /   Oil & Gas

Total, Eni’s Egyptian subsidiary IEOC, and BP have commenced a gas and oil exploration program in the North El Hammad block, located in the conventional offshore of the Mediterranean Sea. The program aims to explore more fields in the area in order to increase Egypt’s oil and natural gas domestic. Natural gas and oil exploration […]

No Comments read more

Total to start drilling at North Mahalla concession in May

Posted: April 30, 2017 at 1:22 pm   /   Oil & Gas

Total is set to begin drilling the first exploration well in the North Mahalla onshore concession in the beginning of May, Al Shorouk reports, citing an unnamed EGAS official. According to the official, seismic scans of the concession indicate reserves of 3-5 trillion cubic feet of natural gas. This comes as the Oil Ministry is […]

No Comments read more

President Sisi underlines importance of developing Egypt's petroleum sector

Posted: April 23, 2017 at 12:21 pm   /   Oil & Gas

President Abdel Fattah El Sisi highlighted on Thursday 20/04/2017 the importance of developing the petroleum and mineral wealth sector in Egypt, as a cornerstone of national economy. During a meeting with Prime Minister Sherif Ismail and Petroleum Minister Tarek el-Molla, the president urged attracting more foreign investments in this field. He also highlighted the necessity […]

No Comments read more

Prime Minister, Minister of Petroleum meet with Shell Upstream International Director

Posted: April 9, 2017 at 12:13 pm   /   Oil & Gas

Egyptian Prime Minister, Eng. Sherif Ismail, met with Andrew Brown, Upstream International Director at Shell in the presence of Minister of Petroleum and Mineral Resources, Tarek El Molla, and Eng. Gasser Hanter, Country Chairman of Royal Dutch Shell Egypt, to discuss existing and potential opportunities in Egypt’s oil and gas exploration. The meeting included a […]

No Comments read more

Prime Minister & Minister of Petroleum meet with Apache CEO

Posted: April 2, 2017 at 8:45 pm   /   Oil & Gas

Prime Minister Eng. Sherif Ismail received yesterday John Christmann, the Chief Executive Officer of Apache, and James House, Senior Region Vice President for Apache, and David Chi, Regional Vice President and Apache Egypt General Manager, in the presence of Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources. At the meeting, the Prime Minister […]

No Comments read more

Eni focused on African opportunities

Posted: March 21, 2017 at 3:27 pm   /   Oil & Gas

One company pushing ahead with operations around Africa is Eni, which continues to make discoveries and sell down finds, writes Nicholas Newman. African exploration prospects have taken a hit over the last two years but, as Eni’s successes demonstrate, there is plenty of potential still worth securing. The Italian company has almost 4,900 oil and […]

No Comments read more

Eni Exploration Chief: There could be another "Zohr-like" discovery in region

Posted: March 15, 2017 at 4:43 pm   /   Oil & Gas

The discovery of a huge natural gas deposit in Egyptian waters has boosted hopes of other such finds in the eastern Mediterranean that could help meet Europe’s energy needs, a senior official with Italian oil and gas company Eni said Tuesday. Eni SpA Chief Exploration Officer Luca Bertelli said his company’s “milestone” discovery of Zohr, […]

No Comments read more