Rigzone Employer Survey: Shell is number one O&G company to work for
When it comes to identifying an employer of choice, Royal Dutch Shell plc ranked No. 1 amongst oil and gas professionals around the globe, according to Rigzone’s 2018 Ideal Employer survey. It’s the second year in a row that responses placed the multinational oil and gas company in the top spot on the Global Top […]
Egypt approves offshore North Sinai exploration deal with Eni, Tharwa
Egypt has approved an exploration agreement with Italy’s Eni and the Egyptian Tharwa company to search for oil and gas in the Mediterranean off the coast of northern Sinai, the Egyptian oil minister said on Wednesday. Under the deal, Eni and Tharwa will spend $105 million in two stages over six years, which involve drilling […]
Egypt’s PM discusses oil & gas cooperation with ADNOC chief
Egypt’s Prime Minister Sherif Ismail met yesterday with the head of the Abu Dhabi National Oil Company (ADNOC) Sultan Jaber, according to a Cabinet statement. The two discussed oil and gas cooperation, as well as increasing Emirati investments in Egypt’s oil refining, petrochemicals, and LNG sectors. (Source: Enterprise.press)
SDX Energy spuds Kelvin-1X exploration well at South Disouq, Egypt
SDX Energy, the North Africa focused oil and gas company, has announced the spud its Kelvin-1X exploration well at South Disouq, Egypt (SDX 55% working interest and operator). Kelvin-1X is the second well in the Company’s 2018 four well exploration and appraisal drilling campaign at South Disouq and is designed to prove up what the […]
Egypt preparing to launch new oil & gas bid round in West Mediterranean
Egypt is gearing up to launch a round of tenders for oil and gas exploration in waters west of the Nile Delta and through to the border with Libya, Oil Minister Tarek El Molla said at an AmCham event yesterday, Ahram Gate reports. The minister did not get into specifics on the timeline or size […]
Charles Ellinas: Egypt preparing for a gas-rich future
Egypt is determined to drive and manage its rapidly expanding energy sector and ensure that the new liberalised industry and systems are run on international standards, Egypt’s Petroleum Minister Tarek El Molla has said. Speaking at the International Gas Union (IGU) Workshop in Cairo on April 19, El Molla said his department would put Egypt […]
Merlon JV Petrosilah to invest $55 million in oil exploration in Egypt
Petrosilah Petroleum Company plans to invest about $55 million in oil exploration and discovery in its concession areas in Egypt during the fiscal year 2018/2019, chairman and managing director Taher Abdel Rehem said. The firm raised its production of crude oil by 1,000 barrels during last week, bringing its daily output capacity to 7,000 barrels […]
Egypt possesses key to future of East Mediterranean energy – El Molla
Minister of Petroleum and Mineral Resources Tarek el-Molla said on Tuesday that Egypt and the European Union (EU) signed a memorandum of understanding on cooperation and strategic partnership in the domain of energy. In his speech at the inaugural ceremony of a renewable and sustainable energy forum between Egypt and the EU, he added that […]
Qalaa's Chairman: Egypt is ready to be regional energy hub
With gas production in full swing across a number of sites in Egypt, the country is ready to become a key exporter of energy in the region and beyond, the chairman and founder of investment firm Qalaa Holdings told CNBC. “In the oil and gas sectors Egypt remains a very important player,” Ahmed Heikal, told […]
Egypt, EU sign Memorandum of Understanding for energy cooperation
Egypt and the European Union continue to share strong bilateral energy relations as well as an understanding of the opportunities and challenges facing the region. Partnership in the energy sector comes on top of the areas of common interest between Egypt and the EU in view of its importance as a driver of economic growth […]