Dubai-based Dragon Oil is in negotiations with Dublin-based Petroceltic International to consider an all-cash offer for the issued share capital of Petroceltic. Petroceltic's GSP Prometeu drilling rig operating off of Romania…
Eni scooped up three new exploration licenses in Egypt as a result of the 2013 Egyptian General Petroleum Corp. (EGPC) and the Egyptian Natural Gas Holding Co. (EGAS) international licensing bid rounds. Two of the three blocks are located…
Petroceltic International's joint venture with Edison International Spa has been awarded the North Port Fouad Block, in the Egyptian Natural Gas Holding Company 2013 International Bid Round. North Port Fouad (Block 7), is offshore the Nile Delta and lies to the north of…
German company RWE Dea has been awarded two offshore blocks in the Gulf of Suez in Egypt’s international bid round. The new RWE Dea licences in the Gulf of Suez Map from Dea RWE will become…
Eni announced the start of production from the Denise-Karawan project (DEKA) with partner BP, through the new subsea well Denise South 6 at a gas rate of 1.8 MMcm/d and approximately 800bbl/d of associated condensates. The Denise South…
Dragon Oil secured its first operatorship outside Turkmenistan and expects production to reach up to 90,000bo/d by the end of the year. Dr Abdul Jaleel Al Khalifa, Dragon Oil's CEO, said: 'We are pleased to report that the contract has been signed for Block 19 East Zeit Bay…
The Leviathan field consortium has signed a preliminary deal with BG Group to export up to 3.75Tcf of natural gas over a 15-year period to the UK major’s LNG plant in Idku, Egpyt, operator Noble Energy announced. Under the terms of the non-binding letter of intent (LOI)…
RWE Dea has achieved 30 years oil production in the Gulf of Suez. The company has produced over 640 million bbl of crude during these three decades. Ongoing investments in modern technology and infrastructure have maintained high production levels…
Energean Oil & Gas and Mediterranean Oil & Gas have jointly submitted a bid for the exploration and production of hydrocarbons in three areas offshore Montenegro, as part of the country's first offshore licensing round. The First Round…
Höegh LNG Holdings Ltd. has signed a letter of intent (LOI) with Egyptian Natural Gas Holding Co. (Egas) for the use of one of Höegh's floating storage and regasification units (FSRUs) – currently under construction at Hyundai Heavy Industries…
Pharaonic Petroleum Company (PhPC) awareded OneSubsea an US$80 million subsea supply contract for the East Nile Delta END-3 development offshore Egypt. The contract calls for the supply of four well systems including subsea production equipment…
BG Group has cut its 2014-15 production forecasts and issued a series of force majeure notices under its LNG agreements in Egypt. The notices are due to the diversion of gas volumes to domestic markets in excess of existing pooling arrangements…
BP has announced a deepwater gas discovery in the East Nile Delta offshore Egypt. Wireline logs, fluid samples and pressure data confirmed the presence of gas and condensate in 38m net of Oligocene sands. The company says the well…
This year’s OMC conference ‘Charting a course in a changing sea’ attracted more than 560 companies from 30 countries to Ravenna, Italy, for 26 technical sessions and 120 speakers. But the changing gas market was on everyone’s mind. US shale gas…
Egypt approves Dana's Nefertiti development The Egyptian government has approved Dana Petroleum's plan to develop the Nefertiti oil field in the Gulf of Suez, the company announced on 29 January 2013.The lease was approved 20 January…
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