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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 ...
Eni Announces New Gas Discovery in Nour Prospect, Offshore Egypt
Eni Announces New Gas Discovery in Nour Prospect, Offshore Egypt EG >> 3/14/2019 - Eni announces a new gas discovery under evaluation in the Nour exploration prospect located in the Nour North Sinai Concession, in the Eastern Egyptian Mediterranean, about 50 km North of the Sinai pe...
Egypt's Offshore Red Sea International Bid Round /2019
Egypt's Offshore Red Sea International Bid Round /2019 EG >> 3/12/2019 - The Ministry of Petroleum and Mineral Resources of Egypt (M.O.P) invite international qualified and interested companies having the technical and financial capabilities for an International Bid Round ...
ADES with Vantage Secures Short-term Deepwater Drilling Contract
ADES with Vantage Secures Short-term Deepwater Drilling Contract EG >> 3/8/2019 - ADES International Holding PLC (ADES), a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), is pleased to announce that it has entered, through its...
New Investment for DEA in the Gulf of Suez
New Investment for DEA in the Gulf of Suez EG >> 3/7/2019 - DEA has extended its concessions for the Ras Budran and Zeit Bay oil fields in the Gulf of Suez. At a formal ceremony event, witnessed by H.E. Eng. Tarek El-Molla the Egyptian Minister of Petroleum an...
El-Molla & EBRD Review Opportunities of Cooperation
El-Molla & EBRD Review Opportunities of Cooperation EG >> 3/6/2019 - Petroleum Minister Tareq el Molla had talks with First Vice President of the European Bank for Reconstruction and Development (EBRD), Jurgen Rigterink, on opportunities for promoting bilateral coopera...
TechnipFMC Completes Remaining Conditions with MIDOR
EG >> 3/5/2019 - TechnipFMC (FTI) has successfully completed the remaining conditions required to enable work to commence on the Engineering, Procurement, and Construction (EPC) contract by Middle East Oil Refinery (M...
Egypt Raises LNG Exports from Idku to 800mcbf/d
Egypt Raises LNG Exports from Idku to 800mcbf/d EG >> 2/27/2019 - Egypt is currently exporting 800 million cubic feet of liquefied natural gas (LNG) per day from its Idku export plant, ‘s the petroleum minister has told financial newspaper Al-Borsa. ...
ENOC Group & Proserv Egypt Sign JV to Establish ENOC Misr
ENOC Group & Proserv Egypt Sign JV to Establish ENOC Misr EG >> 2/18/2019 - ENOC Group signed a joint venture (JV) agreement with Proserv Egypt to set up ENOC Misr, its first on-ground operations in the lubricants sector in Egypt. The agreement marks ENOC Group’s physical pre...
Eni Granted Two Exploration Blocks Onshore Egypt
Eni Granted Two Exploration Blocks Onshore Egypt EG >> 2/15/2019 - Eni has been granted by Egyptian Authorities two exploration blocks onshore Egypt. The first block, “South East Siwa” (Eni 100%), has been assigned within the EGPC 2018 competitive bid round. The bloc...
Lekela & Egyptian Government Sign Agreement for Wind Farm
Lekela & Egyptian Government Sign Agreement for Wind Farm EG >> 2/13/2019 - Lekela, the renewable power company that delivers utility-scale projects across Africa, announces that it has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company...
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 ...
Petroceltic Commences Arbitration Proceedings against EGPC
Petroceltic Commences Arbitration Proceedings against EGPC EG >> 2/12/2019 - Petroceltic, the UK incorporated international energy company, announces its intention to commence arbitration proceedings in the World Bank managed International Centre for Settlement of Investment D...
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...

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