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Egypt Oil & Gas News

Signing Three Petroleum Agreements with Investments of $ 595m
Signing Three Petroleum Agreements with Investments of $ 595m EG >> 9/24/2016 - Eng.Tarek El Molla, Minister of Petroleum and Mineral Resources signed 3 petroleum agreements for EGPC with the Italian IEOC and the English BP for natural gas and oil exploration and production in th...
LNG Traders Eye One Last Egypt Bonanza as Demand Nears Peak
LNG Traders Eye One Last Egypt Bonanza as Demand Nears Peak EG >> 9/23/2016 - Egypt is seeking about 120 LNG cargoes for next year, worth about $2.4 billion at current spot prices in Singapore. That may be “the last big tender” if recent discoveries in the North African nation ...
Egypt Picks Glencore, Trafigura & B.B. Energy for LNG Tender
Egypt Picks Glencore, Trafigura & B.B. Energy for LNG Tender EG >> 9/23/2016 - Egypt has chosen Glencore, Trafigura and B.B. Energy to supply three liquefied natural gas (LNG) shipments following a tender, trade sources said. ...
Baltim South West, in the Nile Delta, Exceeds expectations
Baltim South West, in the Nile Delta, Exceeds expectations EG >> 9/22/2016 - Eni upgraded the field potential of Baltim South West to 1 trillion cubic feet (Tcf) of gas in place, following the results of the appraisal well Baltim South West 2X, drilled immediately after the su...
Moving Forward within an Integrated Sustainable National Energy Strategy to 2035
Moving Forward within an Integrated Sustainable National Energy Strategy to 2035 EG >> 9/20/2016 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, delivered a speech in the Integrated Sustainable National Energy Strategy to 2035 , at the presence of Eng. Mohamed Shaker, Minister o...
Egypt Government to Start IPO Program With Oil Companies
Egypt Government to Start IPO Program With Oil Companies EG >> 9/19/2016 - Egypt is set to launch its initial public offerings in government-owned companies with oil sector businesses, aiming to collect up to $10 billion dollars within three to five years, the minister of in...
Nexans Wins Contract from BP in Egypt
Nexans Wins Contract from BP in Egypt EG >> 9/13/2016 - BP Exploration (Delta) Limited, UK has ordered approximately 100 km of static umbilicals and associated accessories from Nexans for the next stage of the West Nile Delta project. This major contract w...
Eni Reaches Ahead of Time a Record Production from Nooros Field
Eni Reaches Ahead of Time a Record Production from Nooros Field EG >> 9/12/2016 - Eni reached a production of 700 million cubic feet of gas per day, corresponding to 128,000 barrels of oil equivalent per day (boed) of which 67,000 net to Eni, from Nooros field, discovered in Egypt ...
Minister of Petroleum and Mineral Resources' Meeting with The British Ambassador in Egypt
Minister of Petroleum and Mineral Resources' Meeting with The British Ambassador in Egypt EG >> 9/7/2016 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources met with the British Ambassador in Cairo, John Casson , where they discussed joint cooperation aspects in petroleum and natural gas dom...
A Pipeline to Bring Hope and Stability
A Pipeline to Bring Hope and Stability EG >> 9/7/2016 - Last week, the Minister of Energy of Cyprus, Mr. George Lakkotrypis, and the Minister of Petroleum and Mineral Resources of Egypt, Eng. Tarek El Molla, signed the first agreement which will allow the ...
Kuwait Energy Commences Production from Al-Jahraa SE-1X Well in Egypt
Kuwait Energy Commences Production from Al-Jahraa SE-1X Well in Egypt EG >> 9/5/2016 - Kuwait Energy plc is pleased to announce the commencement of production from the Al-Jahraa SE-1X exploration well in the Abu Sennan concession located in the Western Desert, Egypt. ...
Eni Successfully Drilled and Tested Zohr 5x Well
Eni Successfully Drilled and Tested Zohr 5x Well EG >> 9/1/2016 - Eni informs that Zohr 5x, the fifth well on Zohr structure has been successfully drilled to the final TD of 14,271 ft (4,350 m). The Zohr 5x well is located in 1,538 m of water depth and 12 Km south...
Cyprus, Egypt Sign Deal Paving Way for Gas Pipeline
Cyprus, Egypt Sign Deal Paving Way for Gas Pipeline EG >> 8/31/2016 - Eng. Tarek El-Molla, Egyptian Minister of Petroleum and Mineral Resources, and Cypriot Minister of Energy, industry, tourism and Commerce , Mr.Yiorgos Lakkotrypis signed an Agreement of Intent between...
Dana Gas May Seek to Roll Over Part of $700m Islamic Bond
Dana Gas May Seek to Roll Over Part of $700m Islamic Bond EG >> 8/28/2016 - Dana Gas PJSC, a producer of natural gas in Egypt, Iraq and the United Arab Emirates, may seek to roll over part of the $700 million Islamic bonds maturing next year, the chief executive officer said....
Egypt's Debts to Foreign Oil Companies Reach $3.4b in June
Egypt's Debts to Foreign Oil Companies Reach $3.4b in June EG >> 8/28/2016 - Egypt's debts to foreign oil companies reached $3.4 billion by the end of June, a Sunday petroleum ministry statement read. This figure is up from $3.2 billion at the end of March. ...
Minister of Petroleum Issues New Promotions
Minister of Petroleum Issues New Promotions EG >> 8/28/2016 - Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla issued promotions and transfers in the petroleum sector. ...
Egypt Plans to End Fuel Subsidies within Three Years
Egypt Plans to End Fuel Subsidies within Three Years EG >> 8/23/2016 - Egypt plans to end fuel subsidies within three years and is aiming to increase fuel prices to 65 percent of their actual cost during the 2016/17 fiscal year, two government sources told Reuters. ...
Vestas Shares Rise on Expected Turbine Deal with Egypt
Vestas Shares Rise on Expected Turbine Deal with Egypt EG >> 8/22/2016 - Shares in Danish wind-turbine maker Vestas rose almost 5 percent on Monday after a minister said it expects to sign a cooperation agreement with the Egyptian government worth up to 2 billion euros ($2...
Filter Coalescers & Heat Exchangers for Zohr Development Project
Filter Coalescers & Heat Exchangers for Zohr Development Project EG >> 8/16/2016 - Frames, a supplier of oil and gas systems and solutions is awarded by ENPPI and Belayim Petroleum Company (Petrobel) for the design and supply of eight sour gas filter coalescers and eight shell and t...
Rockhopper Completes Acquisition of Beach’s Production & Exploration Assets
Rockhopper Completes Acquisition of Beach’s Production & Exploration Assets EG >> 8/16/2016 - Rockhopper Exploration plc, the oil and gas exploration and production company with key interests in the North Falkland Basin and the Greater Mediterranean region, has completed the acquisition of Bea...
Dana Gas Oil Production in Egypt Rises to 36,550 Boped
Dana Gas Oil Production in Egypt Rises to 36,550 Boped EG >> 8/15/2016 - The current production of the Emirati oil and gas firm Dana Gas in Egypt is estimated at around 36,550 barrels of oil equivalent per day (BOE). ...
EGAS Pumps High Volume of Gas for Vehicles
EGAS Pumps High Volume of Gas for Vehicles EG >> 8/14/2016 - The Egyptian Natural Gas Holding Co (EGAS) pumps a considerable volume of gas to service stations as motor vehicles gas consumption reached 102bcf of natural gas in May, averaging 47mcf/d. ...
Sisi Inaugurates Petrochemicals Complex in Alexandria
Sisi Inaugurates Petrochemicals Complex in Alexandria EG >> 8/13/2016 - President Abdel Fattah El Sisi inaugurates petrochemicals complex at Egyptian Ethylene and Derivatives Company (Ethydco) in Alexandria. ...
Eni Talks to Big Oil about Stake Sale in Giant Egypt Gas Field
Eni Talks to Big Oil about Stake Sale in Giant Egypt Gas Field EG >> 8/12/2016 - Eni is talking to oil companies including Lukoil, ExxonMobil, Total and BP about selling at least a 20 percent stake in its giant gas field in Egypt, industry sources said. ...
Egypt Government Approves 5 Oil & Gas Exploration Deals
Egypt Government Approves 5 Oil & Gas Exploration Deals EG >> 8/10/2016 - Egypt's government has approved five oil and gas drilling and exploration agreements with foreign companies, Petroleum Minister Tarek El Molla said. ...
Electricity Price Increase in Subsidy Reform Strategy
Electricity Price Increase in Subsidy Reform Strategy EG >> 8/8/2016 - Egypt will increase electricity prices by up to 40 percent for households as part of its plan to repair its finances by eliminating power subsidies entirely over the next few years, the government sai...
New Suez Canal Project: Turn Suez Canal into an Integrated Development Area
New Suez Canal Project: Turn Suez Canal into an Integrated Development Area EG >> 8/7/2016 - Prime Minister Sherif Ismail congratulated the Egyptian people and the Armed Forces on the anniversary of the July 23 Revolution. ...
Bolstering Petroleum Cooperation in Oil & Gas, with South Africa
Bolstering Petroleum Cooperation in Oil & Gas, with South Africa EG >> 8/2/2016 - Eng.Tarek El-Molla, Minister of Petroleum and Mineral Resources, received Mr. Vusi Mavimbala South Africa Ambassador to Egypt, where they discussed opportunities for joint cooperation between the two ...
Egypt Studies 8 State-Owned Oil Companies for IPO or Share-Issuance
Egypt Studies 8 State-Owned Oil Companies for IPO or Share-Issuance EG >> 8/2/2016 - Egypt's Ministry of Investment will assess eight state-owned petroleum companies for their suitability for a possible listing on the Egyptian Stock Exchange or share issuances, Petroleum Minister Tare...
40 Ships Transit Suez Canal
40 Ships Transit Suez Canal EG >> 8/2/2016 - Forty ships transited the Suez Canal with a total cargo of 2.3 million tons. ...

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