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Polarcus Awarded Broadband 3D Seismic Acquisition Project
3/4/2015 - Polarcus Limited has received an award from an undisclosed client for a 3D marine seismic project offshore Egypt utilizing Polarcus' RightBAND(TM) technique for broadband data acquisition. ...Full Story

Egypt Delays Target for Repaying Firms $3.1b until Mid-2016
3/3/2015 - Egypt aims to fully repay its $3.1 billion debt to foreign oil and gas companies by mid-2016, around a year later than previously indicated, according to the oil ministry. ...Full Story

Egypt to Get First LNG Cargo in March
2/24/2015 - Egypt, with Africaís third-largest reserves of natural gas, plans to receive its first cargo of foreign liquefied fuel next month, a government official said. ...Full Story

New Bid Round for Oil and Gas Exploration in Egypt
2/22/2015 - The Petroleum Sector offers the new International 2015 bid round for the Egyptian Natural Gas Holding Company (EGAS), which includes eight blocks in the Mediterranean Sea ; West El Arish offshore , ...Full Story

Al- Sisi Discusses Increasing Investments of Eni
2/21/2015 - President Abdel Fattah Al Sisi met with Chief Executive Officer (CEO) Claudio Descalzi of Italy's giant oil company Eni, according to Egypt's State Information Services (SIS) . ...Full Story

CB&I Announces Polypropylene Technology Award in Egypt
2/19/2015 - CB&I has been awarded a contract by Carbon Holdings for the license and engineering design of a polypropylene unit to be built in Ain Sokhna, Egypt. The unit will be aligned to the Tahrir petrochemica...Full Story

Egypt Says Vitol to Supply 9 LNG Cargoes, in Talks with BP
2/19/2015 - Vitol will supply Egypt with nine LNG cargoes for two years starting June 2015, an Egyptian oil ministry statement. ...Full Story

Noble Energy to Supply Egypt with 7 LNG Cargoes
2/17/2015 - Eng. Sherif Ismail, Minister of Petroleum and Mineral Resources witnessed signing the contract of importing 7 LNG shipments between the Egyptian natural gas Holding Company (EGAS) and the US company N...Full Story

Egypt and Cyprus Aim for Gas Import Deal in 6 Months
2/16/2015 - Egypt and Cyprus have signed a memorandum of understanding on energy cooperation and aim to reach a deal on Egyptian imports of Cypriot gas in six months, the Egyptian prime minister's office said in ...Full Story

Egypt Lines up $6.8b of Kuwaiti Investment
2/15/2015 - Egypt has agreed preliminary deals with Kuwaiti companies for the establishment of petrochemical projects worth $6.8 billion, the government said. ...Full Story

Apache 2014 4Q Production down from 2013
2/12/2015 - The Apache Corporation has released its financial results for 2014 operations, with a statement by the company denoting a drop in Egypt-based gross production during the fourth quarter of 2014, compar...Full Story

Egypt's Oil and Gas Market to Decline by 5.2 %
2/10/2015 - The Egyptian oil and gas market forecasts to decline by 5.2 percent for the five-year period 2014 - 2019, which is expected to drive the market to a value of US$25.7billion by the end of 2019, accord...Full Story

Negotiations: Importing Petroleum from Kuwait, Saudi Arabia
2/8/2015 - Egypt has started negotiations with Saudi Arabia and Kuwait over a supply of petroleum products requested to cover the country's needs. The desired fuel sources include diesel oil, butane and natural ...Full Story

Western powers: Libya risks bankruptcy, oil price falls
2/7/2015 - The United States and five of its European allies on Saturday warned that Libya could face bankruptcy if oil prices continue to fall.

In a statement voicing alarm at the deteriorating secur...Full Story


Egyptís Revenues $1b Monthly from Oil Companies
9/25/2014 - Egypt's state-run Egyptian General Petroleum Corporation (EGPC) declared that Egypt received a share of the foreign partnerís oil and gas revenues of US$1 billion per month and is repaying around $700...Full Story


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