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Egypt Oil & Gas News

Closing of a Second Tranche of a Private Placement
Closing of a Second Tranche of a Private Placement EG >> 7/25/2016 - SDX Energy Inc. an oil and gas exploration and production company with assets in Egypt, is pleased to announce that, further to its news release dated May 20, 2016, it has completed the second tranche...
Egypt's Tender for a Third FSRU Draws Interest from 4 Firms
Egypt's Tender for a Third FSRU Draws Interest from 4 Firms EG >> 7/20/2016 - Egypt's tender to lease a third floating and storage regasification unit (FSRU) has drawn interest from four international firms, an Egyptian official told Reuters. ...
PM Inspects Work at Ministries of Electricity, Planning
PM Inspects Work at Ministries of Electricity, Planning EG >> 7/17/2016 - Prime Minister Sherif Ismail went on a tour of the Ministries of Electricity and Planning to inspect work and follow up implementation of government plans. ...
Egypt, Ghana Discuss Cooperation in Natural Gas Field
Egypt, Ghana Discuss Cooperation in Natural Gas Field EG >> 7/16/2016 - A delegation from the Egypt Gas Company under Chairman Mohamed Ibrahim has concluded a visit to Ghana. ...
Institutional Twinning Project Launched in Egypt
Institutional Twinning Project Launched in Egypt EG >> 7/13/2016 - The Egyptian Electric Utility and Consumer Protection Regulatory Agency (EgyptERA) will launch the European Union (EU) Twinning project in partnership with the Regulatory Authority for Energy of the H...
Gas Supplied to 715,000 Housing Units at Investments of EGP1.5bn
Gas Supplied to 715,000 Housing Units at Investments of EGP1.5bn EG >> 7/11/2016 - Petroleum Minister Tareq al-Molla asserted that the national project on supplying natural gas to houses is one of the main strategic projects currently being carried out in Egypt and a main pillar of ...
53 Vessels Cross Suez Canal
53 Vessels Cross Suez Canal EG >> 7/11/2016 - Fifty-three ships transited the Suez Canal with a total cargo of 2.7 million tons. ...
Sisi Stresses Need to Continue Enhancing Power Transmission Networks
Sisi Stresses Need to Continue Enhancing Power Transmission Networks EG >> 7/10/2016 - President Abdel Fattah El Sisi underlined the importance of increasing efforts to enhance power transmission networks to improve services provided to citizens. ...
Largest Container Ship Transits Suez Canal
Largest Container Ship Transits Suez Canal EG >> 7/10/2016 - Head of the Suez Canal Authority Mohab Mamish said that Suez Canal is the largest and greatest canal in the world. ...
Egypt’s EGPC to Buy Up to 165,000 Tonnes Of 0.1% Gasoil in August
Egypt’s EGPC to Buy Up to 165,000 Tonnes Of 0.1% Gasoil in August EG >> 7/7/2016 - Egypt’s EGPC issued a tender to buy up to 165,000 tonnes of 0.1 percent sulphur gasoil in five cargoes during August, according to the tender documents. ...
Saipem Awarded New E&C Contracts Worth over Euro 1.5b
Saipem Awarded New E&C Contracts Worth over Euro 1.5b EG >> 7/7/2016 - Saipem has been awarded new contracts and variation orders in E&C offshore, for an overall amount in excess of 1.5 billion euros. The most significant contract relates to the Field Development Project...
Kuwait Energy Drills Exploration Well in the Abu Sennan Concession
Kuwait Energy Drills Exploration Well in the Abu Sennan Concession EG >> 7/6/2016 - Joint Venture partner Beach Energy reports that the Kuwait Energy-operated Al Jahraa SE-1X oil exploration well in the Abu Sennan Concession onshore Egypt is currently being tested, having intersected...
Egypt Reduces Arrears Owed to Foreign Oil Companies to $3.4 Bln
Egypt Reduces Arrears Owed to Foreign Oil Companies to $3.4 Bln EG >> 7/4/2016 - Egypt has reduced the arrears it owes foreign oil companies to $3.4 billion in 2015/16 from $3.5 billion a year earlier, Petroleum Minister Tarek El Molla told Reuters. ...
Discussing Oil, Gas & Mineral Resources Between Egypt & Australia
Discussing Oil, Gas & Mineral Resources Between Egypt & Australia EG >> 7/3/2016 - Eng.Tarek El Molla, Minister of Petroleum and Mineral Resources, discussed with H.E. Neil Hawkins, Australia's Ambassador to Cairo, the various means to develop bilateral relations between both countr...
General Electric Ups Investments in Egypt
General Electric Ups Investments in Egypt EG >> 7/3/2016 - The American industrial conglomerate General Electric (GE) is planning to increase its investments in Egypt, focussing more on development projects. ...
Egypt May Return to Gas Exports after Discovery, Snam Says
Egypt May Return to Gas Exports after Discovery, Snam Says EG >> 7/1/2016 - Egypt may resume natural gas exports thanks to major discoveries off its shores, according to Snam SpA, Europe’s biggest gas infrastructure company. ...
Deep Sea Supply in 3 New Charter Deals With BP
Deep Sea Supply in 3 New Charter Deals With BP EG >> 6/29/2016 - Deep Sea Supply, an offshore supply vessel operator, has been awarded three new time charter contracts for operations in Egypt by BP. ...
Egypt Launches Tender for Third FSRU
Egypt Launches Tender for Third FSRU EG >> 6/29/2016 - Egypt has launched a tender to hire a third floating and storage regasification unit (FSRU) to import liquefied natural gas (LNG), an official from state-run energy firm EGAS told Reuters. ...
Egypt 2nd in FDI in Africa
Egypt 2nd in FDI in Africa EG >> 6/29/2016 - According to the World Investment Report 2016 issued by the United Nations Conference on Trade and Development (UNCTAD), Egypt came second in Africa in attracting Foreign Direct Investments (FDI) duri...
47 Vessels Cross Suez Canal
47 Vessels Cross Suez Canal EG >> 6/29/2016 - Forty-seven ships transited the Suez Canal, with a total cargo of 2.5 million tons. ...
Crescent Petroleum Sees Oil Reaching $60 This Year on Demand
Crescent Petroleum Sees Oil Reaching $60 This Year on Demand EG >> 6/27/2016 - Crescent Petroleum Co., an oil and natural gas producer in Egypt and Iraq, expects crude prices to improve this year as supply becomes more in line with demand. ...
Emad Ghaly Appointed CEO of Siemens Egypt
Emad Ghaly Appointed CEO of Siemens Egypt EG >> 6/27/2016 - Siemens has appointed Emad Ghaly as Chief Executive Officer of Siemens S.A.E. in Egypt, effective July 1, 2016. Based in Cairo, Ghaly takes over from Maximilian Egger who will retire, end of September...
Engie, Nareva Ink Energy Projects in North, West Africa
Engie, Nareva Ink Energy Projects in North, West Africa EG >> 6/24/2016 - French energy firm Engie has signed a memorandum of understanding with Moroccan independent electricity company Nareva Holding to develop new projects in north and west Africa, it said in a statement....
36 Ships Transit Suez Canal
36 Ships Transit Suez Canal EG >> 6/22/2016 - As many as 36 ships transited the Suez Canal in both directions with a total cargo load of 1.9 million tons. ...
Petroleum Minister Inspects Final Stages of Ethydco Complex
Petroleum Minister Inspects Final Stages of Ethydco Complex EG >> 6/22/2016 - Petroleum Minister Tareq al-Mulla asserted that the petroleum sector is forging ahead with implementing an ambitious program for achieving a comprehensive progress in the petrochemicals industry. ...
Egypt, Jordan Discussed Energy Projects
Egypt, Jordan Discussed Energy Projects EG >> 6/21/2016 - Egypt’s Minister of Petroleum, Tarek El Molla, and Jordan’s Energy and Mineral Resources Minister, Ibrahim Saif, met in Cairo to discuss the mechanism of implementing energy and natural gas cooperatio...
BP Sanctions “Fast-Track” Development of Atoll Discovery
BP Sanctions “Fast-Track” Development of Atoll Discovery EG >> 6/20/2016 - BP announced today that together with the Egyptian Natural Gas Holding Company (EGAS), it has sanctioned development of the Atoll Phase One project which is an early production scheme that will bring ...
Egypt: OneSubsea Awarded Zohr $170m EPC Contract
Egypt: OneSubsea Awarded Zohr $170m EPC Contract EG >> 6/20/2016 - OneSubsea, a Schlumberger company, has been awarded an engineering, procurement and construction contract totaling more than $170 million from Belayim Petroleum Company (Petrobel). OneSubsea will supp...
EGAS to Import 120 LNG Cargoes in 2017
EGAS to Import 120 LNG Cargoes in 2017 EG >> 6/19/2016 - Egypt aims to import between 110 and 120 cargos of liquefied natural gas in 2017, the state-owned Egyptian Natural Gas Holding company (EGAS) told Reuters. ...
Suez Canal Charging Vlccs Coming From the Arabian Gulf $155,000
Suez Canal Charging Vlccs Coming From the Arabian Gulf $155,000 EG >> 6/19/2016 - Egypt's Suez Canal Authority has set new toll rates for oil tankers as part of a six-month experiment that came into effect. ...

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