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Egypt Oil & Gas News

ADES Awarded 4 Years Offshore Jack-Up Rig Contract in Egypt
ADES Awarded 4 Years Offshore Jack-Up Rig Contract in Egypt EG >> 11/16/2017 - ADES International Holding Ltd. (ADES), the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, is...
ADES & Vantage Drilling form JV for Deepwater Drilling Services in Egypt
ADES & Vantage Drilling form JV for Deepwater Drilling Services in Egypt EG >> 11/15/2017 - ADES International Holding Ltd. (ADES), the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, is...
Rosneft Will Invest Over $2B at Zohr Field
Rosneft Will Invest Over $2B at Zohr Field EG >> 11/14/2017 - Russia’s largest oil producer Rosneft will invest more than $2 billion in Egypt’s Zohr gas field in the next four years, the company said in a presentation. ...
Initial Negotiations with Saudi's Aramco to Refine Oil in Egypt
Initial Negotiations with Saudi's Aramco to Refine Oil in Egypt EG >> 11/14/2017 - Egyptian Oil Minister Tarek El Molla said initial negotiations have taken place with Saudi Arabian state oil company Aramco to refine oil in Egypt. ...
Fugro's Kobi Ruegg Vessel Begins First Project at Zohr Field
Fugro's Kobi Ruegg Vessel Begins First Project at Zohr Field EG >> 11/13/2017 - The newly named MV Kobi Ruegg has joined Fugro’s vessel fleet and is set to begin her first project in the Egyptian sector of the Mediterranean Sea. ...
Signing of Upstream Agreement in the Gulf of Suez
Signing of Upstream Agreement in the Gulf of Suez EG >> 11/11/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources signed a new upstream agreement in East Esh El Malaha area” Offshore Magawish” between EGPC and Trident Petroleum with total investment...
Bonatti Group Wins Contract for Egypt's Zohr Gas Field
Bonatti Group Wins Contract for Egypt's Zohr Gas Field EG >> 11/4/2017 - Bonatti Group has been awarded an electrical and instrumentation contract for the development of Zohr, the supergiant gas field discovered in 2015 in Egyptian offshore. ...
IFC-Led Consortium Invests $653M for Solar Park in Egypt
IFC-Led Consortium Invests $653M for Solar Park in Egypt EG >> 10/29/2017 - IFC, a member of the World Bank Group, today finalized a landmark $653 million debt package that will finance the construction of 13 solar power plants near the Egyptian city of Aswan. The plants will...
Russian Tender Award Stokes Fresh Asian Price Rally
Russian Tender Award Stokes Fresh Asian Price Rally EG >> 10/27/2017 - Asian spot liquefied natural gas (LNG) prices rose this week after a tender award from a Russian export plant set a bullish tone, reversing losses from earlier in the week. ...
BP Expects 6 Fold Net Production Growth in Egypt by 2020
BP Expects 6 Fold Net Production Growth in Egypt by 2020 EG >> 10/24/2017 - BP expects to increase net production from Egypt’s Nile Delta to increase six-fold to more than 300 million barrels of oil equivalent a day by 2020, from 50 mboed in 2016, its vice president for Afric...
$27.3b to be Invested in Egypt’s Zohr, North Alexandria, Nooros Fields
EG >> 10/24/2017 - Investments worth $27.3 billion will be put towards three Egyptian natural gas fields -- Zohr, North Alexandria, and Nooros -- in 2018, Oil Minister Tarek El Molla said in press statements, according ...
EGAS Launches Tender for 12 LNG Cargoes Delivered Q1 2018
EGAS Launches Tender for 12 LNG Cargoes Delivered Q1 2018 EG >> 10/20/2017 - Egyptian Natural Gas Holding Company (EGAS) has launched a tender to buy 12 liquefied natural gas (LNG) cargoes for delivery in the first quarter of 2018, trade sources said on Friday. ...
Egypt, Germany Sign Deals Worth 320m Euros to Support Cairo's Economic Reforms
Egypt, Germany Sign Deals Worth 320m Euros to Support Cairo's Economic Reforms EG >> 10/10/2017 - Egypt and Germany signed three agreements worth 320 million euros to finance Egypt's economic and social reforms and fund the country's employment, energy and education projects, state news agency MEN...
Siemens & BMZ Support Occupational Training in Egypt
Siemens & BMZ Support Occupational Training in Egypt EG >> 10/10/2017 - To drive employment opportunities for Egyptian youth and increase workforce localization in line with Egypt Vision 2030, Germany's Federal Ministry for Economic Cooperation and Development (BMZ) and S...
Rosneft Closes the Deal to Acquire a 30% Stake in Zohr Gas Field
Rosneft Closes the Deal to Acquire a 30% Stake in Zohr Gas Field EG >> 10/9/2017 - Rosneft closed the deal to acquire a 30% stake in the concessions agreement for the development of Zohr field, the largest gas field in the Mediterranean Sea, from Italian company Eni S.p.A. ...
Eni Bets Big on Zohr Explorer Finding New Treasure
Eni Bets Big on Zohr Explorer Finding New Treasure EG >> 10/6/2017 - Italian oil major Eni is betting billions on Luca Bertelli being able to achieve something he’s been doing since he was nine years old: spotting things others overlook. ...
El Molla Elected as Vice President for GECF Ministerial Council
El Molla Elected as Vice President for GECF Ministerial Council EG >> 10/5/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources participated in the presidential session of the Russian Energy Week in Moscow in which President Vladimir Putin was the keynote speaker...
SDX Found Oil Discovery at Rabul 2 Well
SDX Found Oil Discovery at Rabul 2 Well EG >> 10/5/2017 - SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce that an oil discovery has been made by the Rabul 2 Well in the West Gharib Concession in Egypt (SDX 50% Working In...
Petroleum Minister Participates in the GECF 19th Ministerial Meeting
Petroleum Minister Participates in the GECF 19th Ministerial Meeting EG >> 10/4/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources participated in the 19th ministerial meeting of the Gas Exporting Countries Forum. The meeting commenced in the Russian Capital Moscow,...
GlobalConnect Receives Final Approval of Acquisition of 25% in Abu Sennan
GlobalConnect Receives Final Approval of Acquisition of 25% in Abu Sennan EG >> 10/3/2017 - GlobalConnect Ltd, a newly established Oil and Gas Exploration and Production company with focus on MENA (Middle East and North Africa) region, has announced the final approval of Egypt government of ...
Egypt Should Get Third Tranche after Second Review, End-2017
Egypt Should Get Third Tranche after Second Review, End-2017 EG >> 9/26/2017 - Egypt is expected to receive a third installment of around $2 billion of its $12 billion IMF credit programme after a second review at the end of this year, the IMF said on Tuesday. ...
Petroleum Minister Meeting with the French Chamber of Commerce and Industry
Petroleum Minister Meeting with the French Chamber of Commerce and Industry EG >> 9/25/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources announced that 2018 will witness revealing the Petroleum Ministry’s new strategy for developing Mineral Resources, in the framework of ...
Egypt Expects IPO of State-Owned ENPPI in Q1 2018
Egypt Expects IPO of State-Owned ENPPI in Q1 2018 EG >> 9/25/2017 - Egypt expects an initial public offering of state-owned oil company ENPPI during the first quarter of 2018, Investment Minister Sahar Nasr told Reuters on Monday, later than initially anticipated. ...
Vallourec & BAPETCO Sign Contract for Gas Wells
Vallourec & BAPETCO Sign Contract for Gas Wells EG >> 9/21/2017 - Vallourec has signed a contract with Badr El Din Petroleum Company (BAPETCO), a joint venture between Shell and the Egyptian General Petroleum Corporation. This agreement concerns the supply of tubula...
Bilateral Talks with World Bank’s Director for Energy and Extractive Global Practice
Bilateral Talks with World Bank’s Director for Energy and Extractive Global Practice EG >> 9/20/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Lucio Monari, Director for Energy and Extractive Global Practice in the World Bank. They reviewed, during the meeting, sta...
DuPont to Supply DynaWave® Scrubbing Technology for Zohr Gas Field
DuPont to Supply DynaWave® Scrubbing Technology for Zohr Gas Field EG >> 9/19/2017 - DuPont Clean Technologies signed a contract with Kinetics Technology (KT) for Eni’s giant Zohr deepwater gas field in the Egyptian Exclusive Economic Zone of the Mediterranean Sea. Under the contract,...
Egypt to reduce LNG imports as Zohr gas field nears production: Ministry official
Egypt to reduce LNG imports as Zohr gas field nears production: Ministry official EG >> 9/18/2017 - Egypt is planning to reduce its liquified natual gas (LNG) imports in the fiscal year 2017-18 thanks to expected production from the Zohr gas field, restricting LNG imports to 80 shipments worth $1.8 ...
Bilateral Talks with CEO of ARAMCO
Bilateral Talks with CEO of ARAMCO EG >> 9/11/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Ibrahim Gassem Al-Buainain, President and CEO of Aramco Trading, a subsidiary of Aramco Global during his visit to Egypt i...
Baker Awarded Subsea Contract for Zohr Gas Field
Baker Awarded Subsea Contract for Zohr Gas Field EG >> 9/9/2017 - In a signing ceremony hosted by H.E. Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources for Egypt, Baker Hughes, a GE company announced a major subsea contract from Petrobel for phase tw...
Apex International Signs Two Concession Agreements in Egypt
Apex International Signs Two Concession Agreements in Egypt EG >> 8/29/2017 - Apex International Energy has signed two concession agreements for 1.7 million acres encompassing the West Badr el Din (4,180 km 2) and South East Meleiha (2,535 km 2) concessions, located in the prol...

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