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Egypt Oil & Gas News

GE Power to Supply 4 Nuclear Turbine Islands for El Dabaa
GE Power to Supply 4 Nuclear Turbine Islands for El Dabaa EG >> 10/9/2018 - GE Power announced it won the contract to deliver the turbine island equipment for El Dabaa nuclear power plant project in Egypt through AAEM its joint venture with Atomenergomash. GE Power will suppl...
WorleyParsons Awarded PMC for Hydrocracking Complex in Egypt
WorleyParsons Awarded PMC for Hydrocracking Complex in Egypt EG >> 10/8/2018 - WorleyParsons has been awarded a four years project management consultancy (PMC) contract for the new Assiut Hydrocracking Complex (AHC Project) in Egypt, by Assiut National Oil Processing Company (AN...
Egypt Signs Deal for Sale of Stake in Oil Company ENPPI
Egypt Signs Deal for Sale of Stake in Oil Company ENPPI EG >> 10/5/2018 - Egypt has signed an agreement with three banks to manage the sale of a 24 percent stake in state oil company Engineering for Petroleum and Process Industries (ENPPI) on the Egyptian stock exchange, th...
Noble Announces Pipeline Solution for Leviathan & Tamar Gas Exports to Egypt
Noble Announces Pipeline Solution for Leviathan & Tamar Gas Exports to Egypt EG >> 9/27/2018 - Noble Energy, Inc. has executed multiple agreements to support delivery of natural gas from the Leviathan and Tamar fields, offshore Israel, into Egypt. ...
Enppi & Wood Group Sign Partnership Deal
Enppi & Wood Group Sign Partnership Deal EG >> 9/24/2018 - Egypt’s state oil company Engineering for Petroleum and Process Industries (ENPPI) signed a deal with the UK’s Wood Group for a technical and engineering partnership on natural gas exploration and pro...
SOCO International to Acquire Merlon Petroleum
SOCO International to Acquire Merlon Petroleum EG >> 9/20/2018 - SOCO International plc has agreed to acquire Merlon Petroleum El Fayum Company for approximately US$215 million (the “Proposed Transaction”). Merlon is a privately owned oil and gas company with a 100...
Egypt, Cyprus Sign an Agreement to Construct the $800M Hope Pipeline
Egypt, Cyprus Sign an Agreement to Construct the $800M Hope Pipeline EG >> 9/19/2018 - The Minister of Energy of Cyprus, Mr. George Lakkotrypis, and the Minister of Petroleum and Mineral Resources of Egypt, Eng. Tarek El Molla, signed an agreement on September the 19th, to establish the...
EGAS Provided 2.1 Trillion Cubic Feet of Gas to Local Market in FY 2017/18
EGAS Provided 2.1 Trillion Cubic Feet of Gas to Local Market in FY 2017/18 EG >> 9/17/2018 - The Egyptian Natural Gas Holding Company (EGAS) provided 2.1 trillion cubic feet of gas to all local market economic sectors in FY 2017/18, leading to a 63% increase in the local consumption rate, acc...
Gastec & Eni Sign Agreement to Establish Fuel Stations
Gastec & Eni Sign Agreement to Establish Fuel Stations EG >> 9/17/2018 - Gastec Corporation and Italian oil and gas company Eni signed an agreement to establish auto service and gas and natural gas fuel stations in various areas across the country, particularly in Upper Eg...
Egypt Signs 2 Deals to Explore for Oil & Gas at $1B Investments
Egypt Signs 2 Deals to Explore for Oil & Gas at $1B Investments EG >> 9/15/2018 - Minister of Petroleum and Mineral Resources Tareq el Molla signed two deals with firms from Canada, the UK, the Netherlands, Malaysia and Kuwait to explore for petroleum and gas in two deep-water area...
TSK to Build a New Solar Park in Egypt
TSK to Build a New Solar Park in Egypt EG >> 9/14/2018 - The signing took place of a contract valued at 20 million euros for TSK to build a solar park in southern Egypt. This 26 megawatt (MW) photovoltaic power plant will be located in Kom Ombo, in the sout...
Zohr Field Reaches 2 bcfd Production Target
Zohr Field Reaches 2 bcfd Production Target EG >> 9/8/2018 - Eni announces that Zohr field is now producing 2 bcfd, equivalent to approximately 365,000 boed. This outstanding result has been achieved only a few months after the first gas in December 2017 and on...
ITFC Implements $3B through 2 Financing Agreements to Support Egypt
ITFC Implements $3B through 2 Financing Agreements to Support Egypt EG >> 9/6/2018 - The International Islamic Trade Finance Corporation (ITFC) announced the signing of two new Agreements between ITFC & the Government of the Arab Republic of Egypt represented by the Egyptian General P...
Egypt to Pay $2B to a Spanish-Italian JV in Gas Dispute
Egypt to Pay $2B to a Spanish-Italian JV in Gas Dispute EG >> 9/5/2018 - Egypt will pay $2 billion to Union Fenosa Gas Company as a settlement for halting gas supplies to the company’s Damietta LNG plant, according to the World Bank arbitration. Union Fenosa is a joint ven...
Egypt Signs Oil Hedging Deals with Two Banks
Egypt Signs Oil Hedging Deals with Two Banks EG >> 9/4/2018 - Egypt has signed contracts with two global banks to hedge against fluctuating global oil prices, a senior government official told Reuters. ...
Eni Finds Gas Discovery in the Egyptian Western Desert
Eni Finds Gas Discovery in the Egyptian Western Desert EG >> 8/30/2018 - Eni announces a gas discovery in the Egyptian Western Desert. The discovery well has been drilled on the Faramid South exploration prospect located in East Obayed concession, 30 km North-West of the M...
Egypt's PM, Eni CEO Discuss Future of Oil & Gas Discoveries in Egypt
Egypt's PM, Eni CEO Discuss Future of Oil & Gas Discoveries in Egypt EG >> 8/28/2018 - Egypt's Prime Minister Mostafa Madbouly held a meeting with Eni CEO Claudio Descalzi on the future of oil and gas discoveries in Egypt, state agency MENA reported. ...
Egypt & Vietnam Ink Petroleum MoU
Egypt & Vietnam Ink Petroleum MoU EG >> 8/28/2018 - President Abdel Fattah El Sisi and his Vietnamese counterpart Tran Dai Quang witnessed the signing of several deals and memorandums of understanding aimed at promoting cooperation between the two coun...
Ongoing Renegotiated Cyprus Natural Gas Deal Likely To Go Through
Ongoing Renegotiated Cyprus Natural Gas Deal Likely To Go Through EG >> 8/26/2018 - Former vice president of the Egyptian Petroleum Authority Medhat Youssef told Ahram Online that Egypt has nothing to fear over the ongoing renegotiations of the Cyprus natural gas deal, noting that it...
Foreign Oil & Gas Investments in Egypt Hit $10B in 2017-2018
Foreign Oil & Gas Investments in Egypt Hit $10B in 2017-2018 EG >> 8/24/2018 - Foreign investment in Egypt’s oil and gas sector rose to $10 billion in the 2017-2018 financial year, Petroleum Minister Tarek El Molla said in an interview with state-run Al Ahram newspaper published...
US Apache Plans to Invest $1B Annually in Egypt
US Apache Plans to Invest $1B Annually in Egypt EG >> 8/21/2018 - Minister of Petroleum and Mineral Resources Tarek El-Molla discussed with John J. Christmann, the chief executive officer and president of the US Apache Corporation, means to expand the company's expl...
SDX Energy Conducted Successful Production Test at SD-3X Well
SDX Energy Conducted Successful Production Test at SD-3X Well EG >> 8/17/2018 - SDX Energy Inc., the North Africa focused oil and gas company, has announced that a successful production test has been conducted at its SD-3X appraisal well at South Disouq, Egypt (SDX 55% working in...
Eni Granted New Exploration License Offshore Egypt
Eni Granted New Exploration License Offshore Egypt EG >> 8/14/2018 - Eni announces that a new Concession Agreement, aimed at governing an offshore exploration license in the prolific East Nile Delta Basin of the Mediterranean Sea, has received approval by Egyptian auth...
Lease Extension for Key Assets in Egypt Nile Delta & in the Western Desert
Lease Extension for Key Assets in Egypt Nile Delta & in the Western Desert EG >> 8/13/2018 - Eni announces that Egyptian Authorities have authorized a new Nile Delta Concession Agreement allowing a ten-year extension of the Abu Madi West Development Lease (203 km2), where the Nooros field is ...
Zohr Field to Increase Production to 2bln m3/day in Sept
Zohr Field to Increase Production to 2bln m3/day in Sept EG >> 8/6/2018 - The daily production of Zohr gas field will increase to 1.75 billion cubic metres by the end of the month and to 2 billion cubic metres by September, Petroleum Minister Tarek El-Molla has said. ...
Egyptian Company to Start Gas Imports from Israel Next Year
Egyptian Company to Start Gas Imports from Israel Next Year EG >> 8/5/2018 - An Egyptian company plans to start importing gas from Israel for re-export in the first quarter of 2019, sources in the country’s energy sector said, under agreements signed in February to buy $15 bil...
Gas Production at Egypt's 9B Field to Begin in October 2018
Gas Production at Egypt's 9B Field to Begin in October 2018 EG >> 8/3/2018 - Production of natural gas from two deepwater wells at Shell’s West Nile Delta field 9B in Egypt will begin in the first half of October, the country’s petroleum minister said. ...
Egypt & BP Sign New Oil Exploration Agreement in Gulf of Suez
Egypt & BP Sign New Oil Exploration Agreement in Gulf of Suez EG >> 7/30/2018 - The Egyptian General Petroleum Corporation has signed an agreement with British Petroleum to drill in the Gulf of Suez region, Al-Ahram’s Arabic website reported. ...
EIB Signs Euro 375m Areement with NBE to Support SMEs in Egypt
EIB Signs Euro 375m Areement with NBE to Support SMEs in Egypt EG >> 7/27/2018 - The European Investment Bank (EIB) has signed a financing agreement worth EUR 375 million with the National Bank of Egypt (NBE) to fund investments by small and medium-sized enterprises (SMEs) and mid...
Fugro Wins Best Practices Award for Red Sea Hydrographic Survey
Fugro Wins Best Practices Award for Red Sea Hydrographic Survey EG >> 7/26/2018 - Fugro has been presented with the Joint Airborne Lidar Bathymetry Technical Center of Expertise LCDR Peter Johnson Best Practices Award 2018, for its successful completion of a large, multi-year hydro...

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