WorldOil Egypt's potential gas surplus could feed global LNG glut Egypt faces a possible over-abundance of natural gas after two Israeli companies proposed a $15 billion supply deal. Noble Energy announces execution of gas sales agreements for export of gas to Egypt Noble Energy, Inc., has announced that it has signed agreements to sell significant quantities of natural gas from Leviathan and Tamar fields to Dolphinus Holdings Limited to supply gas in Egypt. Noble, Delek sign $15-billion deal to export Israel gas to Egypt Noble Energy Inc. and Delek Drilling-LP, the lead partners in Israel’s largest gas fields, said they signed a $15 billion agreement to export gas to Egypt’s Dolphinus Holdings. Oil and Gas in the Capitals The changing energy landscape of the Middle East BP begins production from Egypt’s Atoll gas field ahead of schedule BP today announced the start of gas production from the Atoll Phase One project, offshore Egypt. The project, in the North Damietta concession in the East Nile Delta, was delivered seven months ahead of schedule and 33% below the initial cost estimate. Egypt with Eni to fast-track Zohr gas output Egypt is working with Eni SpA, operator of the giant Zohr gas field, to fast-track output and end the country’s need to import LNG. Eni's "mission impossible" points to seismic shift for major oil companies Italian energy giant Eni SpA wanted to produce gas from the Zohr field little more than two years after finding it in August 2015. TGS, Schlumberger announce new 2D multi-client project in Egyptian Red Sea TGS and Schlumberger today announced a new 2D seismic project offshore Egypt. Maersk exits Egyptian Drilling Company joint venture A.P. Møller - Mærsk A/S [A.P. Moller - Maersk] and Egyptian General Petroleum Corporation [EGPC] has signed an agreement whereby EGPC will acquire A.P. Moller - Maersk’s 50% shareholding in Egyptian Drilling Company [EDC] for $100 million in an all-cash transaction. Eni's giant Zohr gas field starts production in Egypt Egypt’s Eni SpA-operated Zohr natural gas field has started production, bringing the country closer to its goal of energy self-sufficiency.