Italian giant Eni is investing an estimated US$5 billion dollars for the development of oil and gas resources in Egypt, including the development of 200 MMbbl and 1.3 TCF of gas. Image from Eni. Egyptian…
The Tamar partners awarded Dolphinus Holdings a US$1.2 billion contract to export natural gas from the Tamar project to Egypt. Tamar field. From Delek. For the first three years of the seven-year contract…
BP signed final agreements to develop the US$12 billion West Nile Delta (WND) gas fields, with production set at reaching up to 1.2 Bcf/d in Egypt. BP worker on a platform in the Gulf of Suez. From BP…
Polarcus won a contract from an undisclosed client for a 3D marine seismic project offshore Egypt using Polarcus' RightBAND technique for broadband data acquisition. The project will begin 1Q 2015 and is expected to run for about 50 days.
Italian giant Eni signed two concession agreements to explore two blocks in the Mediterranean Sea offshore Egypt as part of the 2013 Egyptian General Petroleum Corp. (EGAS) bid round. Image from Eni. Blocks…
Egypt’s bid to pay off its mountain of debt to international oil companies and improve contract terms could create a rush of activity to make up for lost time. Patrick Werr reports. Former chairman of Egypt’s state-owned gas holding company…
The Egyptian government has repaid a further US$350 million in outstanding debt to oil and gas firm BG Group. BG Group, one of a number of companies owed cash by the Egyptian government, says it is now owed US$920 million. In October…
Ireland-based exploration firm Petroceltic is focusing its attention on Egypt after two offshore block awards were recently ratified. The firm said during 2014, formal award of the offshore North Thekah block was awarded and, more recently…
Middle East and North Africa focused oil and gas exploration and production firm Circle Oil is the latest to announce it has received a debt repayment from the Egyptian government. The company received US$15 million, as part of the recent…
Egypt's government has signed six new agreements for oil and gas exploration in the Gulf of Suez and the Western Desert, the Oil Ministry announced 9 January. The agreements were with Shell, Italian firm ENI, BP and Canada's Trans Globe…
BG Group has confirmed it has received a US$350 million debt repayment from the Egyptian government, reducing BG Group's domestic receivables balance in Egypt to around $1.2 billion. Egypt announced Friday it had paid off $1.5 billion of its debt to foreign oil and gas companies…
Egypt has paid off US$1.5 billion of its debt to foreign oil and gas companies, the country's petroleum minister has announced in a statement, according to Egyptian media. The payment, announced a day after the Egyptian government signed $1…
Tamar partners and Dolphinus Holdings Ltd. signed a letter of intent for the supply of natural gas from the Tamar project located offshore Israel, to Dolphinus for use in Egypt. Map of Tamar field. From Noble…
Dana Gas Egypt signed a gas production enhancement agreement (GPEA) with the Egyptian Natural Gas Holding Co. (EGAS) and the Egyptian General Petroleum Co. (EGPC). According to the agreement, announced 30 September, Dana Gas will begin a 7-year program in the next few months…
BP Egypt today (1 October) announced the start of drilling the Atoll-1 well offshore Egypt. The deepwater exploration well is the second exploration well in the North Demietta Offshore concession after the Salamat-1 significant discovery announced by BP in 2013…
Subscribe
