Work continuing at Far East yards on Energean’s FPSO
Energean remains on track to deliver first gas from its Karish project offshore Israel during the first half of next year, the company said in its results statement. Energean remains on track to deliver first gas from its Karish project offshore Israel during the first half of next year, the company said in its results […]
ENOC Misr expands distribution and starts production in Egypt
ENOC Misr, a joint venture between Proserv Group and the UAE’s Emirates National Oil Company (ENOC), signed a memorandum of understanding with local lubricant manufacturers to evaluate blending and manufacturing ENOC lubricants in Egypt. The move comes as part of ENOC Misr’s ambitious plans to maximise operational efficiency and ensure product availability in the local […]
Egypt’s offshore prospects are even greater with the right technology – Siemens
Article by Siva Krishnan; Vice President, Middle East & North Africa – Siemens Oil & Gas. Egypt is on the verge of transitioning from a net importer of gas into a regional gas hub, thanks to massive offshore discoveries in the Eastern Mediterranean. But abundance is only part of the equation – Egypt’s golden gas […]
Egypt’s Zohr natural gas production to reach 3 bcf/d in March
Total output at the offshore field reached 2.7 bcf/d in November 2019: The Egyptian Ministry of Petroleum announced that the total number of wells that have been put into production at Zohr field reached 14 after Petro Shorouk has recently put four wells into production at the Southern area. With the 15th well being linked […]
Dragon Oil to invest $650 mn in Egypt, looks to acquire Western Desert assets
Dragon Oil to invest USD 650 million in Egypt over the next five years: UAE-based oil and gas company Dragon Oil plans to invest an additional USD 650 million in Egypt over the next five years by acquiring operating assets in the Western Desert, COO Tayeb Huwair told Hapi Journal without disclosing which units the […]
Shell to drill seven wells at Egypt’s WDDM Phase 9B, adding 236 bcf/d of gas
The drilling of seven wells at West Delta Deep Marine (WDDM) phase 9B is set to produce initial reserves of 236 billion cubic feet of gas, a statement by the oil ministry said. Sabry El-Sharkawy, chairman of Rashid Petroleum Company (Rashpetco) and Burullus Gas Company, said his company is working on connecting three other wells […]
Egypt modifies gas price of El-Burg offshore concession to $5.88/MMBtu
Egypt agrees price indexing of Mediterranean’s El-Borg concession capped at $5.88/MMBtu. The Egyptian Natural Gas Holding Company (EGAS), Shell, and BP have signed an agreement to modify gas prices at El-Borg marine concession area in the Mediterranean Sea, through a price index formula linked to the global price of crude barrel, with a maximum price […]
SDX Energy provides year end operational and financial update
SDX Energy Plc, the MENA-focused oil and gas company provides a year end 31 December 2019 operations and financial update and sets out production and capex guidance for 2020. All monetary values are expressed in United States dollars net to the Company unless otherwise stated. Production and Capex: 2019 Year End Update and 2020 […]
United Oil & Gas provides update on Abu Sennan, Rockhopper acquisition
AIM-listed United Oil & Gas has provided an update on the proposed acquisition of Rockhopper Egypt from Rockhopper Exploration. Rockhopper Egypt holds a 22% non-operating interest in the producing Abu Sennan concession, onshore Egypt. This update provides further detail regarding the ASH-2 well which was recently drilled at Abu Sennan, current production at Abu Sennan and […]
Egypt’s push to become East Mediterranean gas hub – Reuters FactBox
Egypt began importing gas from Israel’s largest offshore gas field, Leviathan, on Wednesday, a step Cairo hopes will help it become a regional energy hub. Rapid growth in Egypt’s natural gas supplies, boosted by the discovery of the Mediterranean’s largest field, turned it from a net importer to exporter in late 2018. ISRAEL DEAL Egypt’s […]
