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Egypt Oil & Gas News

Petroleum Ministry Signs 9 Exploration Agreements Worth $ 452M
Petroleum Ministry Signs 9 Exploration Agreements Worth $ 452M EG >> 1/20/2020 - Petroleum Minister Tarek el Mulla signed nine agreements on oil and gas exploration in the Mediterranean and Western Desert with total investments of dollars 452.3 million. ...
France Asks to Join Eastern Mediterranean Gas Forum
France Asks to Join Eastern Mediterranean Gas Forum EG >> 1/16/2020 - France has asked to join the Eastern Mediterranean Gas Forum, which aims to develop the region's gas market, Egypt's petroleum ministry said. ...
EBRD Becomes Shareholder in Egypt’s Infinity Energy
EBRD Becomes Shareholder in Egypt’s Infinity Energy EG >> 1/15/2020 - The EBRD is investing US$ 60 million to become a shareholder in Infinity Energy S.A.E., one of Egypt’s leading private energy companies through the issuance of new shares. ...
Natural gas pumping from Israel to Egypt to start on Wednesday
Natural gas pumping from Israel to Egypt to start on Wednesday EG >> 1/15/2020 - Natural gas pumping from Israel to Egypt will start on Wednesday, the Egyptian ministry of petroleum announced in a statement early on Wednesday. ...
Enppi Successfully Installed a Platform for Northwest October Field
Enppi Successfully Installed a Platform for Northwest October Field EG >> 1/13/2020 - In line with the strategy implemented by the Ministry of Petroleum and Mineral Resources under the leadership of H.E. the Minister Eng. Tarek El-Molla to develop the petroleum resources and improve it...
Reserves Upgraded at South Disouq by 35%
Reserves Upgraded at South Disouq by 35% EG >> 1/7/2020 - SDX Energy Plc (SDX) is pleased to announce that upon completion of an independent technical and economic audit of the reserves at its operated South Disouq concession (SDX: 55% working interest), Gaf...
Exxonmobil Secures Exploration Acreage Offshore Egypt
Exxonmobil Secures Exploration Acreage Offshore Egypt EG >> 12/30/2019 - ExxonMobil said it has secured more than 1.7 million acres for exploration offshore Egypt. ...
Three Companies Win First Bid for Oil & Gas Exploration in Red Sea
Three Companies Win First Bid for Oil & Gas Exploration in Red Sea EG >> 12/29/2019 - Minister of Oil and Mineral Wealth Tarek el Mulla announced that three companies have won the first international bid launched by South Valley Egyptian Petroleum Holding Company (GANOPE) in March for ...
Signing Contract to Establish a Phosphoric Acid Complex in Abu Tartur
Signing Contract to Establish a Phosphoric Acid Complex in Abu Tartur EG >> 12/25/2019 - The Minister of Petroleum and Mineral Resources, Tarek El Molla and the Chinese Ambassador in Cairo, Liao Li qiang, have witnessed the signing of a contract to establish a phosphoric acid complex proj...
Egypt Signs 4 Oil & Gas Deals Worth $155M
Egypt Signs 4 Oil & Gas Deals Worth $155M EG >> 12/25/2019 - Egypt signed four oil and natural gas exploration agreements worth $155 million. Excavations are to take place in the Western Desert, the Gulf of Suez and the Nile Valley, the Petroleum Ministry state...
Zarubezhneft Entered into PSA for SEREU & EGZ Blocks in Egypt
Zarubezhneft Entered into PSA for SEREU & EGZ Blocks in Egypt EG >> 12/24/2019 - Zarubezhneft JSC, the Ministry of Oil and Mineral Resources of Egypt, the Egyptian state holding oil company GANOPE and Pacific Oil Limited, have signed a Production Sharing Agreement for the South Ea...
Egypt to Begin Gas Imports from Israel by Mid-January 2020
Egypt to Begin Gas Imports from Israel by Mid-January 2020 EG >> 12/22/2019 - Egypt will begin importing natural gas from Israel by mid-January 2020, a senior industry source said on Sunday. Israeli gas exports to Egypt will gradually reach 7 billion cubic metres, the source s...
Western Desert's New Oil Discovery to Produce 10 MMcf/d of Gas
Western Desert's New Oil Discovery to Produce 10 MMcf/d of Gas EG >> 12/19/2019 - The Ministry of Petroleum and Mineral Resources announced a new oil discovery in the Western Desert where an average of 7,000 barrels of crude oil and 10 million cubic feet of gas are envisaged to be ...
Transglobe Energy Corporation Announces an Operations Update
Transglobe Energy Corporation Announces an Operations Update EG >> 12/19/2019 - TransGlobe Energy Corporation (“TransGlobe”) announces a Q4 operations update. All dollar values are expressed in US dollars unless otherwise stated. ...
Rockhopper Exploration Provides Egypt Operational Update
Rockhopper Exploration Provides Egypt Operational Update EG >> 12/18/2019 - Rockhopper Exploration plc (RKH) provides the following operational update in relation to the Abu Sennan concession, Egypt (Abu Sennan). Through Rockhopper Egypt Pty Limited, Rockhopper holds a 22% wo...
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 ...
TGS & AustinBridgeporth to Acquire Resolution Gravity Data over Egypt
TGS & AustinBridgeporth to Acquire Resolution Gravity Data over Egypt EG >> 12/12/2019 - TGS, in partnership with AustinBridgeporth, has been granted exclusive rights to acquire the world’s highest resolution gravity imagery, eFTG (enhanced Full Tensor Gravity Gradiometry), within Egypt. ...
AMEA Power Signs Power Purchase Agreement in Egypt
AMEA Power Signs Power Purchase Agreement in Egypt EG >> 12/11/2019 - AMEA Power, (a subsidiary of Al Nowais Investments (ANI)), has signed a power purchase agreement (PPA) with The Egyptian Electricity Transmission Company (EETC) for a 200MW solar PV project and a 500M...
Stabilised Plateau Production of 50 MScfe/D Achieved At South Disouq
Stabilised Plateau Production of 50 MScfe/D Achieved At South Disouq EG >> 12/10/2019 - SDX Energy Plc (SDX) is pleased to announce that it has achieved its targeted stabilised plateau production rate of 50 MMscfe/d from its operated South Disouq concession (SDX: 55% working interest) in...
Egypt's Fuel Subsidy Bill Drops By 69% Year on Year July-Sept
Egypt's Fuel Subsidy Bill Drops By 69% Year on Year July-Sept EG >> 12/8/2019 - Egypt’s spending on fuel subsidies dropped by about 69% year on year to EGP 7.25 billion ($451 million) in July-September, Petroleum Minister Tarek El-Molla said. ...
ENGIE Inaugurates Egypt’s Largest Wind Farm
ENGIE Inaugurates Egypt’s Largest Wind Farm EG >> 12/5/2019 - ENGIE and its consortium partners inaugurated the 262.5 MW Ras Ghareb wind park, Egypt’s first private and largest wind farm. ...
Egypt & ITFC Ink $1.1B Agreement to Support Logistic & Petroleum
Egypt & ITFC Ink $1.1B Agreement to Support Logistic & Petroleum EG >> 12/4/2019 - Egypt inked an executive agreement with the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB), to support Egypt's essential logistic and petroleum ...
Egypt Advances in World Renewable Energy Indices
Egypt Advances in World Renewable Energy Indices EG >> 12/3/2019 - The cabinet's Information Centre highlighted Egypt's breakthrough in renewable energy fields, achieving leading positions in relevant international indices. ...
EBRD Supporting Access to Renewable Energy in Egypt
EBRD Supporting Access to Renewable Energy in Egypt EG >> 11/26/2019 - The EBRD is supporting the development of a more resilient and robust electricity grid across Egypt with a €182.9 million loan to the Egyptian Electricity Transmission Company (EETC) to strengthen the...
EBRD Provides a $ 50M Loan to Upgrade Suze Oil Refinery
EBRD Provides a $ 50M Loan to Upgrade Suze Oil Refinery EG >> 11/23/2019 - The EBRD is supporting the modernisation of Egypt’s oil industry with a US$ 50 million loan to upgrade the oil refinery owned by Suez Oil Processing Company (SOPC). ...
Nostra Terra Provides Update on East Ghazalat in Egypt
Nostra Terra Provides Update on East Ghazalat in Egypt EG >> 11/19/2019 - Nostra Terra (NTOG) is pleased to announce that, further to the Company's announcement of 12 August 2019, Nostra Terra's wholly owned subsidiary, Nostra Terra Inc. (NTI) has reached a conditional agre...
Petroleum Air Services Adds Sixth AW139 Helicopter in Egypt
Petroleum Air Services Adds Sixth AW139 Helicopter in Egypt EG >> 11/18/2019 - Leonardo announced that Petroleum Air Services of Egypt will add a sixth AW139 intermediate twin helicopter to its fleet by year end. The aircraft will be used to perform offshore transport operations...
Shell Appoints Citi for $1B Sale of Egypt Assets
Shell Appoints Citi for $1B Sale of Egypt Assets EG >> 11/15/2019 - Royal Dutch Shell has appointed investment bank Citi to run the sale of its onshore Egyptian oil and gas assets which could fetch around $1 billion, sources close to the process said. ...
Commencement of Production at South Disouq Concession in Egypt
Commencement of Production at South Disouq Concession in Egypt EG >> 11/12/2019 - SDX Energy Plc (SDX) is pleased to announce the commencement of production from its operated South Disouq concession (SDX: 55% working interest) in Egypt. ...
Successful Startup of Mostorod Refinery in Egypt
Successful Startup of Mostorod Refinery in Egypt EG >> 11/10/2019 - Qatar Petroleum is pleased to announce the successful start-up of the Egyptian Refining Company (ERC) Refinery project located in Mostorod, north of the Egyptian capital Cairo. Qatar Petroleum owns 38...

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