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PTT Keen to Sell Stake in Gas Pipeline Business in Egypt
3/26/2015 - Thailand's largest energy firm PTT PCL is keen to sell a 25 percent stake in Egyptian gas pipeline company East Mediterranean Gas (EMG), which has stopped operations in recent years, chief financial o...Full Story

Egypt Raises Gas Price Paid to RWE to $3.50 per Mmbtu
3/23/2015 - Eng. Sherif Ismail, Minister of Petroleum and Mineral Resources signed on modifying the gas price in the agreement of onshore Nile Delta Disouq concession area, with investments of $ 240 million s...Full Story

Hans-Hermann Ecke is New General Manager of DEA Egypt
3/19/2015 - The new General Manager of Dea Egypt is Dr Hans-Hermann Ecke, who is responsible for the business of the Egyptian subsidiary of DEA Deutsche Erdoel AG based in Cairo since the beginning of March. ...Full Story

Huge O&G Investments during Egypt Conference
3/18/2015 - The Egypt Economic Development Conference (EEDC) that took place last week in Sharm El Sheikh saw investors taking active steps to invest in Egypt economy. The agreements and MOU's that were signed ad...Full Story

Dolphinus to Buy US$1.2 of Natgas from Israel's Tamar Field
3/18/2015 - Dolphinus Holdings in Egypt has agreed to buy at least $1.2 billion of natural gas from Israel's offshore Tamar field via an old pipeline built to send gas to Israel. ...Full Story

Egypt, Jordan Sign MOU on Oil & Gas Sector
3/18/2015 - Eng. Sherif Ismail received the Jordanian Minister of Energy and Mineral Resources Ibrahim Saif in Cairo, in his first visit shortly after taking office. A Memorandum of Understanding (MoU) on oil & g...Full Story

Egypt to Import 35 Cargoes of LNG from Russia's Gazprom
3/17/2015 - Eng. Sherif Ismail, Minister of Petroleum and Mineral Resources witnessed a contract signing to import LNG between the Egyptian Natural Gas Holding Company (EGAS) and the Russian Company, Gazprom ...Full Story

BG to Invest $4bn in Egypt over Two Years
3/15/2015 - British energy company BG will invest $4 billion in Egypt over the next two years, the company's chief operating officer said. ...Full Story

Egypt Signs Deal to Help Develop Iraqi Fields
3/15/2015 - Eng. Sherif Ismail, Minister of Petroleum and Mineral Resources of the Arab Republic of Egypt, and H.E Dr. Ali Al-Omair, Minister of Oil Kuwait , witnessed the signing of an agreement on 15th March 2...Full Story

Eni Signs Heads of Agreement with Egypt Worth $5b
3/14/2015 - Italian oil major Eni signed heads of agreement with the Egypt worth $5 billion over 4-5 years, the oil minister and the company said on Saturday at a weekend investment summit in the Red Sea resort o...Full Story

Dana Gas to Invest $350m in Egypt
3/14/2015 - Dana Gas will invest $350 million in Egypt over the next 30 months and expects to receive outstanding arrears from the government by the end of 2016, the United Arab Emirates company's chief executive...Full Story

Signing a Memorandum of Understanding for Cooperation
3/14/2015 - On the sidelines of Egypt Economic and Development Conference (EEDC) ,the Minister of Petroleum and Mineral Resources of the Arab Republic of Egypt, Eng. Sherif Ismail and the Minister of Energy, Comm...Full Story

Chile's ENAP to Build $30m Oil Pipeline
3/13/2015 - A subsidiary of Chile's state oil company ENAP will invest $30 million to build a 90 km oil pipeline in Egypt's Western Desert, the country's ambassador told Reuters at an international conference on ...Full Story

BP Makes New Major Discovery & Plans $12b Investment in Egypt
3/10/2015 - Two major announcements made by BP this week, as detailed below: ...Full Story

Egypt Sets Price for Shale Gas at $5.45 per Mmbtu
3/9/2015 - Egypt has set the price of shale gas expected to be extracted from a recent concession to foreign firms at $5.45 per million British thermal units (mmBtu), an official at the oil ministry said. ...Full Story

Aminex's South Malak-2 Well Declared a Discovery
3/9/2015 - Aminex PLC notes the Ministry of Petroleum of Egypt declaration that the South Malak-2 well (‘SM2’) on the West Esh el Mellaha-2 concession in Egypt has been declared a discovery well. Tests showed pr...Full Story

BP Signs $12bn Deal to Develop Egypt Gas Field
3/6/2015 - BP declared that it has signed the final agreements of the West Nile Delta project to develop 5 trillion cubic feet (tcf) of gas resources and 55 million barrels (mmbbls) of condensates with an estima...Full Story

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

New Chinese Investments of $ 250m in Egypt
3/3/2015 - Eng .Sherif Ismail, Minister of Petroleum and Mineral Resources, received a delegation from Star OilnGas Co., the Chinese partners in the International Drilling Materials, in which the Petroleum Secto...Full Story

Egypt’s 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 partner’s oil and gas revenues of US$1 billion per month and is repaying around $700...Full Story


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