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Egypt Oil & Gas News

Siemens Signs Service Agreement for Power Stations in Egypt
Siemens Signs Service Agreement for Power Stations in Egypt EG >> 2/9/2016 - Siemens has extended a long-term contract to provide service and maintenance, as well as component upgrades, at the Nubaria, Talkha and El Kureimat power stations in Egypt. The agreement was signed un...
Positive Development Well Results Boosts Production from NW Gemsa
Positive Development Well Results Boosts Production from NW Gemsa EG >> 2/8/2016 - SDX Energy Inc, an oil & gas exploration and production company with assets in Egypt & Cameroon, is pleased to announce the Al Amir SE 23 development well in North West Gemsa, has encountered signific...
Egyptian-Japanese Cooperation in Oil, Gas & Petrochemicals
Egyptian-Japanese Cooperation in Oil, Gas & Petrochemicals EG >> 2/3/2016 - Eng.Tareq El Molla, Minister of Petroleum and Mineral Resources received Mr. Takehiro Kagawa, Japanese Ambassador to Egypt, to discuss ways to strengthen bilateral relations between both countries in ...
Africa Economy - January 2016
Africa Economy - January 2016 EG >> 2/1/2016 - In Egypt, consumer price inflation posted its highest increase in 17 months in December at 11.9% y-o-y. Similarly, the input cost pressure remained strong in the non-oil private sector as indicated by...
DEA Appoints New Head for Egypt
DEA Appoints New Head for Egypt EG >> 2/1/2016 - Dr Thomas Radwitz has been appointed General Manager of the Egyptian subsidiary of DEA Deutsche Erdoel AG. Egypt is one of the core countries for the German upstream company. ...
Trident Petroleum Signs Exploration Agreement Worth $4.5m
Trident Petroleum Signs Exploration Agreement Worth $4.5m EG >> 1/31/2016 - Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources, signed a new oil and gas exploration agreement in the Gulf of Suez, between Ganoub El Wadi Petroleum Holding Co and Egyptís Trident Pe...
Egypt: No Truth to Threats from Oil Companies
Egypt: No Truth to Threats from Oil Companies EG >> 1/27/2016 - The Ministry of Petroleumís official spokesman Hamdi Abdel Aziz, denied what was published in a newspaper about threats made by 4 oil companies to withdraw their investments if the government delayed ...
BW Singapore FSRU in Egypt has been in Full Operation
BW Singapore FSRU in Egypt has been in Full Operation EG >> 1/25/2016 - In continuation of press release dated 4 August 2015 where BW announced the winning of an EGAS tender for the provision of regasification services in Ain Sokhna, Egypt, LNG Floating Storage and Regasi...
Blast Hits Egypt's Damietta-Port Said Gas Pipeline
Blast Hits Egypt's Damietta-Port Said Gas Pipeline EG >> 1/25/2016 - A blast hit a gas pipeline in the coastal governorate of Damietta in Egypt, causing a massive fire but leaving no casualties. The pipeline connects Damietta, which is around 180km north of Cairo, and ...
LNG Shipment to Egypt ĎDiverted to Time Deliveriesí
LNG Shipment to Egypt ĎDiverted to Time Deliveriesí EG >> 1/24/2016 - Egypt said on Sunday that one of its LNG shipments to Egypt was held back this month as part of a deal over the timing of deliveries, and the petroleum ministry dismissed reports that it was linked to...
Output at Egypt's Largest Refinery to Start In Q1 2017
Output at Egypt's Largest Refinery to Start In Q1 2017 EG >> 1/21/2016 - The Egyptian Refining Company, a subsidiary of one of Egypt's largest investment companies Qalaa Holdings, will start production at its $3.7 billion oil refinery in the first quarter of 2017, managing...
BP Remains Ambitious on Gas in Egypt, Despite Weak Oil Prices
BP Remains Ambitious on Gas in Egypt, Despite Weak Oil Prices EG >> 1/19/2016 - Britain's BP Plc aims to double natural gas production in Egypt in the next four years despite weak oil prices as Egypt's burgeoning energy market offers hope for its battered economy. ...
Egypt to Hold International Tender for 11 Oil & Gas Blocks
Egypt to Hold International Tender for 11 Oil & Gas Blocks EG >> 1/17/2016 - Egypt will hold an international tender for 11 oil and natural gas exploration blocks in the Mediterranean sea and Nile Delta during the second half of fiscal year 2015-2016, the oil ministry said. ...
Emerson to Automate Massive Tahrir Petrochemicals Project
Emerson to Automate Massive Tahrir Petrochemicals Project EG >> 1/14/2016 - Emerson and Carbon Holdings, the privately owned Egyptian petrochemical firm, announced that Emerson Process Management has been selected to provide automation and reliability technologies and service...
Edison Looks To Sell Part of Egypt's Abu Qir Field
Edison Looks To Sell Part of Egypt's Abu Qir Field EG >> 1/14/2016 - Edison, Italy's No. 2 energy company owned by France's EDF, is trying to sell part of its Abu Qir field in Egypt and has opened the books to prospective buyers including Kuwait's KUFPEC, people famili...
Minister of Petroleum Speech at the American Chamber of Commerce
Minister of Petroleum Speech at the American Chamber of Commerce EG >> 1/12/2016 - On his speech to the American Chamber of Commerce, Eng.Tarek El-Molla, Minister of Petroleum and Mineral Resources pointed out that the government is boosting the Egyptian economy, taking positive ste...
ISIS Bombed Egypt-Jordan Gas Pipeline
ISIS Bombed Egypt-Jordan Gas Pipeline EG >> 1/8/2016 - Egypt's most active militant group, the ISIS-affiliated Ansar Beit Al-Maqdis, claimed responsibility for the bombing of a pipeline that carries gas to Jordan and Egypt's North Sinai region. ...
Egypt Approves China's Proposals for Coal-Fired Power Stations
Egypt Approves China's Proposals for Coal-Fired Power Stations EG >> 1/6/2016 - Egypt's cabinet has approved two conditional contracts with Chinese firms to produce electricity from coal-fired plants with a total capacity of over 4000 megawatts, Electricity Minister Mohamed Shake...
French Banks to Finance MIDOR Refinery Expansion
French Banks to Finance MIDOR Refinery Expansion EG >> 1/5/2016 - Egypt's oil refinery MIDOR will finance its planned expansion, borrowing $1.2 billion from French lenders Credit Agricole and BNP Paribas, a loan that will be guaranteed by the Italian central bank an...
Egypt Arrears Owed to Oil Firms Rises to $3b at End-2015
Egypt Arrears Owed to Oil Firms Rises to $3b at End-2015 EG >> 1/3/2016 - Egypt's outstanding arrears to foreign oil companies rose to $3 billion at the end of December 2015 from $2.7 billion at the end of October, Petroleum Minister Tarek El Molla said. ...
The Saipem 10000 Drillship Arrives at Zohr-2 Well Location
The Saipem 10000 Drillship Arrives at Zohr-2 Well Location EG >> 12/31/2015 - The giant drilling vessel Saipem 10000 arrived at the site of Zohr-2 well to start drilling operations, announced Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources. Eng. El-Molla made h...
Subsea 7 Awarded Contract Offshore Egypt
Subsea 7 Awarded Contract Offshore Egypt EG >> 12/30/2015 - Subsea 7 S.A. has been awarded a sizeable contract by Burullus Gas Company S.A.E. for the platform extension and tie-in on the first phase of the West Nile Delta development of the Taurus and Libra fi...
Egypt Struggles to Pay For Oil amid Foreign Currency Crisis
Egypt Struggles to Pay For Oil amid Foreign Currency Crisis EG >> 12/24/2015 - Egypt is struggling to pay for U.S. dollar-priced oil product and liquefied natural gas (LNG) imports, cancelling purchases, and asking suppliers to extend payment terms amid an acute foreign currency...
Israel Approves Natural Gas Exports to Egypt
Israel Approves Natural Gas Exports to Egypt EG >> 12/24/2015 - Israel's government has given the go ahead to begin exporting natural gas to Egypt, signalling a potential improvement in relations between two countries which have been at loggerheads over energy sup...
Petroceltic Provides Operational and Financial Update
Petroceltic Provides Operational and Financial Update EG >> 12/24/2015 - The Board of Petroceltic International plc, the oil and gas exploration, development and Production Company focused on the North Africa and the Mediterranean region, provided an operating and financia...
KCA Deutag Sells Ben Loyal Jackup to Egyptian Driller
KCA Deutag Sells Ben Loyal Jackup to Egyptian Driller EG >> 12/21/2015 - Leading global drilling and engineering contractor, KCA Deutag has sold its jack-up drilling unit, the Ben Loyal to Egyptian headquartered Advanced Energy Systems A.D.E.S. SAE for an undisclosed sum. ...
SUMED Signed $324m Contract for Ain Sukhna Product Hub
SUMED Signed $324m Contract for Ain Sukhna Product Hub EG >> 12/17/2015 - SUMED signed the first contract for utilization of SUMED Ain Sukhna Product Hub (ASPH) Jetty With Egyptian Natural Gas Holding Company (EGAS) under the patronage of H.E. Eng. Tarek El Molla Egyptian M...
Sacoil has Positive Update for Lagia Oil Field
EG >> 12/15/2015 - SacOil Holdings Limited, on behalf of its subsidiary, Mena International Petroleum Company Limited ("Mena"), is pleased to announce an update on the drilling of the Lagia 11, Lagia 15 and Lagia 16 wel...
Tarek El Molla Meets with Bechtelís Regional Head
Tarek El Molla Meets with Bechtelís Regional Head EG >> 12/15/2015 - Eng.Tarek El Molla, Minister of Petroleum and Mineral Resources, met with David Welch, Bechtelís President of the Europe, Africa, and Middle East region, and discussed Egyptís ongoing and future proje...
Egypt Aims to Reduce Oil Product Subsidies
EG >> 12/14/2015 - Egypt seeks to reduce oil product subsidies to 30 percent over the next five years, Prime Minister Sherif Ismail said, reversing an earlier decision to fully eliminate the subsidies by that time. ...

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