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Egypt Oil & Gas News

Dana Gas Receives $20M from Egypt
Dana Gas Receives $20M from Egypt EG >> 12/18/2019 - Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, has received $20 million (AED 73m) from the Egyptian Government in Egyptian pounds. Total receipts from Egypt has ...
Egypt Awards 12 New Concessions for 2018 Bid Rounds
Egypt Awards 12 New Concessions for 2018 Bid Rounds EG >> 2/13/2019 - Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla announced the winners in the largest ever oil and gas exploration and production bid round, on the sidelines of the Egypt Petroleum ...
Saudi Aramco & Egypt’s SUMED Sign Oil Deals
Saudi Aramco & Egypt’s SUMED Sign Oil Deals EG >> 2/12/2019 - Petroleum Minister Tareq el Molla witnessed the inking of an agreement between Egypt's Arab Petroleum Pipelines Co. (SUMED) and Saudi Aramco’s trading arm, Aramco Trading Company (ATC) to provide 222,...
DEA Awarded New Licence in the Onshore Nile Delta
DEA Awarded New Licence in the Onshore Nile Delta EG >> 2/12/2019 - The Egyptian Natural Gas Holding Company (EGAS) has awarded one new licence to DEA in its 2018 Bid Round. The East Damanhour exploration block (originally offered as Block 10) is covering 1,418 square...
BP Starts Gas Production in West Nile Delta Development
BP Starts Gas Production in West Nile Delta Development EG >> 2/11/2019 - BP announced first gas production from the second stage of its West Nile Delta development offshore Egypt. ...
SDX Energy Provides Operations Update in Egypt
SDX Energy Provides Operations Update in Egypt EG >> 1/28/2019 - SDX Energy Inc. (SDX), the North Africa focused oil and gas company, provides its 2019 operational outlook and advises of its intention to delist from the TSXV in conjunction with a move of its corpo...
Shelf Drilling Awarded a Jack-Up Rig Contract in Egypt
Shelf Drilling Awarded a Jack-Up Rig Contract in Egypt EG >> 1/28/2019 - Shelf Drilling, Ltd. (SHLF) announced that it has received an award for a one-year contract for the Trident 16 jack-up rig with Belayim Petroleum Company (Petrobel) for operations in the Gulf of Suez,...
Investments of Oil Refinery & Complex in New Alamein Hit $ 8.5B
Investments of Oil Refinery & Complex in New Alamein Hit $ 8.5B EG >> 1/21/2019 - Minister of Petroleum and Mineral Wealth Tarek el Mulla asserted that the project of establishing a refinery and petrochemicals complex in the New Alamein district is currently under study as the init...
Egypt to Invest $9B Refineries' Upgrade Over Four Years
Egypt to Invest $9B Refineries' Upgrade Over Four Years EG >> 1/21/2019 - Egypt plans to upgrade six oil refineries at a cost of about $9 billion over four years to increase domestic production to 41 million tonnes a year, the petroleum minister said. ...
Eni's Overall Investments in Egypt Total $13 Billion Since 2015
Eni's Overall Investments in Egypt Total $13 Billion Since 2015 EG >> 1/16/2019 - Major Italian oil company Eni has had overall investments of $13 billion in Egypt since 2015, the CEO of the company Claudio Descalzi told Egypt’s President Abdel-Fattah El-Sisi in a meeting in Cairo....
NBE Signs 3 Agreements worth €25M to Finance EPAP III
NBE Signs 3 Agreements worth €25M to Finance EPAP III EG >> 1/14/2019 - The National Bank of Egypt (NBE) and board directors of three major companies have signed three agreements, worth 25 million euros, to finance the Egyptian Pollution Abatement Program (EPAP) - Phase I...
Egypt & Jordan Sign Supplemental Deals on Natural Gas
Egypt & Jordan Sign Supplemental Deals on Natural Gas EG >> 1/14/2019 - Petroleum Minister Tareq el Mulla held a meeting with Jordanian Minister of energy and mineral wealth Hala Zawati to discuss the latest developments of joint energy projects. ...
Cairo Declaration Establishes Eastern Mediterranean Gas Forum
Cairo Declaration Establishes Eastern Mediterranean Gas Forum EG >> 1/14/2019 - The energy ministers from seven Eastern Mediterranean countries declared in Cairo the establishment of the East Mediterranean Gas Forum (EMGF), which includes Egypt, Cyprus, Greece, Italy, Israel, Jor...
SDX Energy Provides Operations Update in Egypt
SDX Energy Provides Operations Update in Egypt EG >> 1/14/2019 - SDX Energy Inc. (SDX), the North Africa focused oil and gas company, is pleased to provide an update on operational developments in Egypt. A full operations update will be announced in late January 2...
GPC Oil Production Hit 97.400 Barrels a Day
GPC Oil Production Hit 97.400 Barrels a Day EG >> 1/13/2019 - The state-owned General Petroleum Company (GPC) said that its total production hit 97,400 barrels per day in the first half of the current fiscal year 2018-2019. ...
RCREEE & Egypt Housing Ministry Signed Deal in Green Energy
RCREEE & Egypt Housing Ministry Signed Deal in Green Energy EG >> 1/12/2019 - The Regional Center for Renewable Energy and Energy Efficiency (RCREEE) signed a new cooperation agreement with Egypt’s housing ministry aimed at encouraging investments in renewable energy and energy...
EDF Unit Is Said to Draw Neptune, Warburg for Oil & Gas Assets
EDF Unit Is Said to Draw Neptune, Warburg for Oil & Gas Assets EG >> 1/9/2019 - Electricite de France SA’s Italian unit has attracted potential bidders including Neptune Energy and Warburg Pincus’s Apex International Energy for its oil and gas business, people familiar with the m...
Egypt to Implement Gasoline Price Mechanism in April
Egypt to Implement Gasoline Price Mechanism in April EG >> 1/7/2019 - Egypt will implement an automatic price indexation mechanism on 95 octane gasoline starting in April which will limit price changes to 10 percent, Petroleum Minister Tarek El Molla said. ...
Contracts Inked to Convert 4,000 Vehicles into Gas-Powered Vehicles
Contracts Inked to Convert 4,000 Vehicles into Gas-Powered Vehicles EG >> 1/5/2019 - The Ministry of Petroleum and Mineral Resources and the Micro, Small and Medium Enterprises Development Agency (MSMEDA) signed two contracts, worth EGP 20 million pounds, to convert 4,000 vehicles int...
Rockhopper Exploration Announces Operational Update
Rockhopper Exploration Announces Operational Update EG >> 1/3/2019 - Rockhopper Exploration plc (RKH), the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to provide the following corporate update. ...
Egypt Exporting 520 MMCFDof LNG from Idku Plant
Egypt Exporting 520 MMCFDof LNG from Idku Plant EG >> 1/2/2019 - Egypt is currently exporting 520 million cubic feet of liquified natural gas (LNG) per day from its Idku export plant, a petroleum ministry official said. ...
Cabinet Approves Russian Technical Support to Dabaa Project
Cabinet Approves Russian Technical Support to Dabaa Project EG >> 12/28/2018 - The cabinet has entrusted Minister of Electricity Mohamed Shaker with commissioning head of the Egyptian nuclear and Radiological regulatory Authority (ENRRA) to sign the fifth contract of extending f...
Saipem Awarded LOI for New Zohr Field Contract
Saipem Awarded LOI for New Zohr Field Contract EG >> 12/20/2018 - Saipem and Petrobel have negotiated an offshore contract addendum worth more than 1.2 billion USD for Engineering, Procurement, Construction and Installation (EPCI) activities in relation to the “Ramp...
Edison Is Committed to Explore East Mediterranean in 2019
Edison Is Committed to Explore East Mediterranean in 2019 EG >> 12/20/2018 - Edison remains firmly committed to Egypt and is currently preparing important drilling campaigns for, as initially planned, 2 exploration wells in East Med, respectively in North Thekka and North Ea...
Petroleum Minister Inspects Progress in Zohr field
Petroleum Minister Inspects Progress in Zohr field EG >> 12/14/2018 - Petroleum Minister Tareq el Mulla inspected the progress realized so far in the Zohr gas field, offshore the Mediterranean Sea. ...
Petroleum Ministry & Schlumerger Int'l Company Ink 3 MoUs
Petroleum Ministry & Schlumerger Int'l Company Ink 3 MoUs EG >> 12/14/2018 - Minister of Petroleum Tareq el Mulla and Chairman and CEO of Schlumberger Paal Kibsgaard witnessed the inking of three memorandums of understanding for cooperation in the fields of training, workplace...
OPIC Board Approves More Than $1.3B to Development Projects
OPIC Board Approves More Than $1.3B to Development Projects EG >> 12/13/2018 - The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, on Thursday approved more than $1.3 billion in financing and political risk insurance across ...
Dana Gas Hits Production Landmark of 70,000 BOED
Dana Gas Hits Production Landmark of 70,000 BOED EG >> 12/13/2018 - Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, announces that as a result of the ramp up of production from its debottlenecking project in the Kurdistan region o...
Signing an Agreement to Fund Tahrir Petrochemical Complex
Signing an Agreement to Fund Tahrir Petrochemical Complex EG >> 12/10/2018 - Prime Minister Mostafa Madbouli attended the signing ceremony of a 1.25-billion-dollar agreement between Egypt's Carbon Holdings Co. and the Africa Finance Corporation to fund the Tahrir Petrochemical...
Egypt Approves BP Acquisition of 25% Stake in Eni's Nour Concession
Egypt Approves BP Acquisition of 25% Stake in Eni's Nour Concession EG >> 12/9/2018 - Eni has announced that the sale of a 20% participating interest to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company, and a 25% participating interest to BP in the Nour Nort...

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