Egypt ///

Companies in the news

Michele Cowart, World Oil

LUKOIL has commenced drilling new production wells at West Qurna-2 field as part of the second development phase.

Rovco, Drexel Marine Petroleum increase Egyptian projects over next five years

Rovco has expanded its international reach after forming a local partnership with Drexel Marine Petroleum Services in Egypt.

Egypt returns to LNG exports club seeking to sell cargoes

Egypt indicated it’s ready to rejoin the club of major exporters of liquefied natural gas, making its biggest offer to supply the market in at least five years.

Eni reports new gas discovery in the Nour prospect, offshore Egypt

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 peninsula.

ADES, Vantage team up for deepwater drilling contract in Egypt

ADES International Holding PLC, 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 subsidiary ADES S.A.E., into a short-term exploration contract with Dana Gas for deepwater drilling services in the Egyptian Mediterranean basin.

EMGC 2019 to deliver updates, outlooks from Eastern Mediterranean operators

Emily Querubin, World Oil

The Eastern Mediterranean Gas Conference (EMGC) is gearing up for another must-attend event in Cyprus.

DEA awarded new license in the onshore Nile Delta

The Egyptian Natural Gas Holding Company (EGAS) has awarded one new license to DEA in its 2018 Bid Round. The East Damanhour exploration block (originally offered as Block 10) is covering 1,418 km2 and is located west of the Disouq development leases, where DEA is the operator with a licence share of 100%.

Neptune Energy awarded oil exploration license in Egypt

Neptune Energy has today been awarded an operated oil exploration license in the North West El Amal offshore concession in Egypt by the Egyptian General Petroleum Corporation.

SDX expands presence in Morocco with new licenses, seismic commitment

SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce that it has increased its presence in Morocco with the awards of the Moulay Bouchta Ouest and Lalla Mimouna Sud licenses.

Egypt dangles incentives to draw more oil, gas investors

Egypt is finalizing details of a new type of oil and gas contract to attract even more foreign investment than the $10 billion already coming into its energy industry this year.

BP starts gas production from the second stage of Egypt's West Nile Delta

BP has announced first gas production from the second stage of its West Nile Delta development offshore Egypt.

Saipem: LOI for the award of new E&C Offshore work order for the Ramp Up to Plateau phase of the Zohr Field Development Project, worth more than $1.2 billion

Saipem and Petrobel have negotiated an offshore contract addendum worth more than $1.2 billion for engineering, procurement, construction and installation (EPCI) activities in relation to the “Ramp Up to Plateau” phase of the “supergiant” Zohr Field Development Project situated in the Mediterranean Sea off the Egyptian coast.

Eni has partnered with BP in Egypt's Nour concession

Eni announces 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 North Sinai Offshore concession, Egypt, has been approved by the Egyptian Government.

TransGlobe Energy announces test results for Egyptian discovery well

TransGlobe Energy released test results for the South Ghazalat 6X oil discovery well in the Arab Republic of Egypt.

Rockhopper Exploration produces commercial volumes of oil from Bahariva formation

Rockhopper Exploration plc has provided the following operational and corporate update in relation to its Egyptian portfolio.

Blue Water Energy partners with Apex International in pursuit of MENA assets

Apex International Energy, an independent oil and gas exploration and production company focused on Egypt and other Middle Eastern and North African (MENA) countries, today announced that affiliates of Blue Water Energy LLP have agreed to partner with Apex and join the existing investors: Warburg Pincus LLC, International Finance Corp. (IFC) and company management.

Egypt seen planning new oil, gas contracts to attract investors

Egypt is working on a new model for future oil and gas production contracts in undeveloped areas to spur exploration and help become self-sufficient in energy.

The heart of global oil exports thrives amid geopolitical tensions

Michele Cowart, World Oil

The Middle East and North Africa (MENA) remain the quintessential oil exporting region, replete with considerable assets and tensions.

Egypt to receive first Israeli gas as early as March

Egypt will begin importing natural gas from Israel under a $15-billion deal as early as March if an undersea pipeline connecting the Mediterranean neighbors is found to be in good condition, moving the country closer to its goal of becoming an energy-exporting hub.

Rising oil bill may erase Egypt's savings from gas milestone

No sooner has Egypt achieved its milestone of regaining self-sufficiency in natural gas than another corner of the energy market threatens to deal a new blow to fragile government finances.