Total, Eni, BP start exploration program in North El Hammad offshore Egypt
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 […]
El Molla meets with Total executives to discuss exploration opportunities
Oil Minister Tarek El Molla met with Total Egypt’s Managing Director Jean-Pascale Clémençon and the Vice President of Total’s Middle East and North Africa division Elias Kassis to discuss the company’s oil and gas exploration projects in the Mediterranean and the Delta area, Al Ahram reports. Kassis told El Molla that the company is committed […]
Total and Careem cooperate to raise road safety awareness
Total, the French integrated oil and gas company, signed a partnership agreement with Careem Egypt, to raise awareness of road safety among its customers. This came on the sidelines of the conference held by both companies to announce the launch of the joint campaign. Total’s annual investment is estimated at $18bn-$20bn, with net income of […]
Total to start drilling at North Mahalla concession in May
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 […]
East Mediterranean gas will improve energy security in Western Europe
Quite suddenly, there is remarkable oil industry news to come out of the East Mediterranean region. If the plan is executed, in the space of seven years the balance of energy security in Western Europe will be radically changed. In geopolitical terms, this will be immense; when the planned Israel-Cyprus-Greece-Italy gas pipeline is built, European […]
Offshore Technology: As firms flock offshore Egypt, can the nation reverse its energy fortunes?
Egypt’s recent signing of three exploration agreements with Total, Eni and BP are just the latest in a flurry of offshore activity following a major gas discovery by Eni in 2015. The Egyptian government is keen for the country to prosper from its resource wealth, to repay mounting debt and end a reliance on energy […]
El Molla meets with IOC delegations
Petroleum Minister Tarek El Molla met with delegations from several international oil companies, including France’s Total and the French Institute of Petroleum, to discuss increasing the scope of their Egyptian investments, Al Shorouk says. Total are looking to increase investments at their North El Hammad concession, he said, while the French Institute of Petroleum are […]
French Ambassador calls on France's Oil & Gas companies to take advantage of Egypt’s investment opportunities
It’s a historic time for Egypt, as new natural gas explorations will bring self sufficiency to the country, said Marc Benayoun, CEO of Edison. In his speech on Tuesday at the Egypt Petroleum Show (EGYPS) currently being held in Cairo, Andre Baran, France’s ambassador to Egypt, called for French companies operating in the oil and […]
Players’ healthy interest outside Egypt’s Nile Delta
Future upstream licensing in Egypt’s Nile Delta offshore province may be facing a hiatus, but the most recent round to have been completed by state-owned Egyptian General Petroleum Corporation signalled healthy interest by players in other acreages. Smaller, cash-strapped players were not much in evidence during the 2016 round, covering acreage in the Gulf of […]
Total to begin drilling in Egypt, Cyprus in regional growth push
France’s Total is preparing to drill for gas off Cyprus, close to Eni’s huge Zohr discovery off the Egyptian coast which in 2015 renewed interest among oil majors for exploration in the Mediterranean. Cyprus awarded Eni, Total and ExxonMobil exploration licences near the Zohr field in December, while neighbouring Lebanon plans to restart its delayed […]