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Egypt Awards 4 Offshore Oil and Gas Exploration Licences
10/6/2015 - Egypt has awarded four new licences to explore for oil and gas off its Mediterranean coast, weeks after Eni's giant Zohr gas find piqued fresh international interest in the area. ...Full Story

IRG & Nostra Terra Acquire Producing Assets in Egypt
10/6/2015 - Independent Resources (IRG) announced the intention to establish a strategic joint venture company ('JVCO') owned 50-50 with Nostra Terra Oil & Gas focused on the acquisition of producing assets in th...Full Story

Egypt Plans New Mediterranean Gas Exploration Round in H1 2016
10/6/2015 - Egypt is preparing to launch a new bidding round for gas exploration off the Mediterranean coast in the first half of 2016, Khaled Abdel Badie, the head of the state gas company EGAS told Reuters. ...Full Story

Egyptian Petroleum Exploration and Production Seminar in Luxor
10/3/2015 - The Egyptian Petroleum Exploration and Production in Upper Egypt and the Red Sea Seminar was held in Luxor and organized by The Egyptian Petroleum Exploration Society (EPEX). ...Full Story

Egypt to Search for Oil in Iraq in First Foreign Venture
9/30/2015 - Egypt will search for oil outside its own borders for the first time after signing an agreement with Kuwait Energy for part of a concession in Iraq, its oil minister said. ...Full Story

BW Gas Floating LNG Terminal Arrives In Egypt
9/30/2015 - A second liquefied natural gas (LNG) import terminal arrived in Egypt without cargo on Wednesday and will start operating in the third week of October, state gas board EGAS head Khaled Abdel Badie tol...Full Story

Global LNG-Prices Extend Losses as New Supplies Emerge
9/26/2015 - Asian liquefied natural gas (LNG) prices for November delivery fell, marking the sixth straight week of losses for the fuel, as fresh supply weighed on market sentiment, though some traders saw potent...Full Story

Eni's Winning Gas Streak Leaves Competition Chafing
9/25/2015 - Eni's giant Zohr gas find in Egypt this month, a gamble taken under the noses of competitors, marked the Italian major's rapid rise to preeminence in the hunt for big new fields. ...Full Story

Tarek El Molla, Minister Of Petroleum and Mineral Resources
9/19/2015 - After taking the oath as the Minister of Petroleum and Mineral Resources , Eng. Tarek El Molla, affirmed that, securing fuel supplies for the domestic market and continuing the current as well as the ...Full Story

Egyptian-Chinese Cooperation in Petroleum Research
9/19/2015 - Egypt and China have signed a memorandum of understanding to promote joint cooperation in the field of petroleum research, petrochemical industries and training Egyptian labor in the petroleum sector....Full Story

ENIís Super Discovery in Egypt Lifts Petroceltic's Appeal
9/19/2015 - ENI's new discovery could potentially be worth up to US$135mln to Petroceltic, Davy says. ...Full Story

Discovering New Gas Field Promotes Investment Opportunities
9/15/2015 - Head of the German-Arab Chamber of Industry and Commerce and Chairman of the Bundestag's Committee on Economic Affairs and Energy Peter Ramsauer said Germany looks forward to promote investment opport...Full Story

Eni Plans to Hold the Keys for East Mediterranean Gas Exports
9/15/2015 - Braving all the political risks of the region, Italy's Eni aims to pull together its east Mediterranean gas empire headed by a giant Egypt find, into a major hub to supply Europe. ...Full Story

Egypt's Sisi Selects Petroleum Minister Sherif Ismail to Become PM
9/12/2015 - President Abdel-Fattah El-Sisi has instructed Sherif Ismail, the minister of petroleum in the outgoing cabinet of Ibrahim Mahlab, to form a new cabinet within a week. ...Full Story

Low Oil Prices to Hit Non-OPEC Output, Boost Demand in 2016
9/11/2015 - Low crude oil prices will lead to a pick up in demand and next year may cause the biggest drop in non-OPEC output in nearly a quarter of a century, the IEA said. ...Full Story

New Egypt's Gas Field Important For Economy Industry
9/9/2015 - German Legislator Peter Ramsauer Tuesday asserted the importance of the new discovery of Zohr natural gas in reviving Egypt's economy and industry. ...Full Story

Egypt Aims to Cut Arrears to $2.5b Owed to Foreign Oil Firms
9/9/2015 - Egypt paid foreign oil companies $600 million in arrears in August and still owes them $2.9 billion, the petroleum minister told Reuters. ...Full Story

Egyptian Gas Find Estimate Conservative, Could be Raised
9/9/2015 - The estimate for Eni's giant gas find off the coast of Egypt of 850 billion cubic meters of gas is "conservative" and could be raised, the chief executive of the Italian oil and gas group said. ...Full Story

Eni Sees Egyptian Gas Field Investment at $6-10 bln
9/9/2015 - Eni expects a total investment of between $6-10 billion for the development of the Zohr gas field in Egypt, the chief executive of the Italian oil and gas group told a senate hearing in Rome. ...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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