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Tag: Nile Delta

Petrobel: Zohr gas field work 83.5% complete, progressing quickly

Posted: August 22, 2017 at 3:40 pm   /   Oil & Gas

Progress of development works of the Mediterranean’s largest gas field Zohr was given at a current rate of 83.5 percent, with $4 billion in investments so far. At the beginning of the month, Zohr works were 80 percent complete as stated by the Ministry of Petroleum, with $3.8 billion in investments. In a meeting with […]

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Paul Welch

SDX to exit South Ramadan, switch focus to South Disouq in Egypt

Posted: July 30, 2017 at 6:05 pm   /   Oil & Gas

AIM-listed player to relinquish South Ramadan asset as it concentrates efforts on South Disouq development. SDX Energy is letting go of an offshore asset in Egypt as the UK-based player looks to concentrate capital in the country on a fast-track gas development in the north. The AIM-listed company held talks this week with its partners […]

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Dana Gas to use AGR software for North El Arish deep water exploration in Egypt

Posted: July 21, 2017 at 1:54 pm   /   Oil & Gas

AGR Software team have signed a SaaS (Software as a Service) contract with Dana Gas PJSC to supply the latest version of our P1™ software. AGR’s P1™ software helps its users to improve the accuracy of well time and cost modeling and can be applied for all drilling and well related operations, including completions and […]

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Natural Gas

Egypt’s natural gas output expected to rise 50% in 2018 and double by 2020

Posted: July 18, 2017 at 12:03 pm   /   Oil & Gas

Three recently discovered major gas fields are expected to raise Egypt’s natural gas output by 50% in 2018 and 100% in 2020, the petroleum ministry said. “The fields of Zohr, North Alexandria and Nooros are among the most important projects that will increase natural gas production … and will contribute to (Egypt’s) natural gas self-sufficiency […]

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SDX Energy confirms resources for South Disouq discovery, eyes early production

Posted: July 6, 2017 at 2:08 pm   /   Oil & Gas

South Disouq has 47 BCF of contingent gas resources, as well as a prospective 180 BCF in the ‘best case’. The new resource statement is “an important step” towards the validation of the full potential of the South Disouq field, SDX said. SDX Energy Inc has confirmed the size of the new South Disouq gas […]

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SDX Energy announces Egypt operational update

Posted: July 5, 2017 at 4:52 pm   /   Oil & Gas

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, is pleased to provide an operational update for Egypt. South Disouq (55% Operated working interest) Following the successful drilling of the SD-1X exploration well and resulting natural gas discovery at South Disouq, a Resources Update was prepared on behalf of SDX […]

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President Sisi: Egypt seeks to become regional energy hub to Europe

Posted: June 13, 2017 at 5:07 pm   /   Oil & Gas

Egypt’s President Abdel Fattah al-Sisi said Monday that Egypt seeks to become a regional and global hub for energy generation, transmission, and distribution to Europe and Germany in particular. Egypt will start exporting natural gas in 2020, given the recent major gas finds in the Mediterranean Sea and North Delta, Sisi added during the German-Egyptian […]

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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 […]

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Dana Gas

Dana Gas receives a further $40 million in arrears from Egypt, repaid total $135 million in 2017

Posted: June 8, 2017 at 7:20 pm   /   Oil & Gas

Dana Gas shares soar with Egyptian arrears reduced further. Dana Gas shares soared yesterday after the company said it received another payment from the Egyptian government, reducing the arrears owed by nearly 30 per cent so far this year. The Sharjah-based oil and gas operator, which is 19 per cent owned by Crescent Petroleum, has […]

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IPR continues exploration program in Egypt

Posted: June 6, 2017 at 4:38 pm   /   Oil & Gas

Irving, Tex., independent IPR Inc. reported continued drilling success and a series of Western Desert and Nile Delta, Egypt, discoveries through this year’s first 5 months. IPR’s calendar year drilling program in Egypt budgeted for the drilling of 23 wells, making 2017 one of the most active years operationally for IPR since its 1993 acquisition […]

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