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Egypt News

Leviathan Gas Exports Expected by Month's End

Dec 02, 2019

Israel's largest offshore natural gas field, Leviathan, will begin supplying the local market by the end of this month, with exports to Egypt and Jordan following shortly after, an official from the field's operator said on Monday.'Within 2-3 weeks we will open the wells and start to supply the gas鈥

Shell Aims to Operate Egypt Concessions in 2020

Oct 17, 2019

Royal Dutch Shell is aiming to start operating in its concession areas in Egypt in the second half of 2020, a senior executive said.Shell won three oil and two gas concessions in Egypt in February.Eni, BP and ExxonMobil also won some of a total鈥

Petrobel Makes Discovery 云顶赌场老虎机 Egypt

Oct 25, 2019

Italian supermajor Eni said new resources have been discovered in the Abu Rudeis Sidri development lease, in the Gulf of Suez where the operating company Petrobel, equally held by Eni and by national oil company Egyptian General Petroleum Corporation (EGPC)鈥

Eni Buys into Egypt's Habi 云顶赌场老虎机 Concession

Oct 24, 2019

Italian energy company Eni has bought 70% of Edison's stake in Block 12 of the offshore Habi gas concession in Egypt's eastern Mediterranean, an official at state-owned Egyptian gas company EGAS said on Thursday.The official, who spoke on condition of anonymity鈥

Cyprus Inks Deal for 云顶赌场老虎机 Gas Concession

Nov 07, 2019

Cyprus signed a 25-year concession on Thursday with a three-member consortium for the exploitation of a gas reservoir south-east of the island first discovered in 2011.The contract with Noble Energy, Shell and Delek is the first commercial exploitation licence signed by the Mediterranean island鈥

Dragon Oil to Invest $1 Bln 云顶赌场老虎机 Egypt

Oct 21, 2019

Dubai-based Dragon Oil Ltd said on Monday it had completed the purchase of BP's oil concessions in Egypt's Gulf of Suez and will invest $1 billion over five years to boost and extend their production.Dragon, owned by Emirates National Oil Company (ENOC)鈥

ADES Wins 2nd Deepwater Drilling Gig in Egypt

Oct 13, 2019

The oil rig contractor ADES International PLC  has won a second deepwater drilling campaign in the Egyptian Mediterranean area, from  an undisclosed oil company.The offshore driller said that the contract was signed for deepwater drilling in the Egyptian Mediterranean area鈥

Eni Hits Record Production as Profit Falls

Oct 25, 2019

Energy group Eni achieved its highest ever oil and gas production rate for a third quarter, softening the blow of lower quarterly earnings because of weak oil and gas prices.The Italian company generates around 90% of its operating profit from its upstream oil and gas business鈥

Transocean Bags $75Mln New Contracts

Oct 17, 2019

Transocean, the world's 2nd largest offshore drilling contractor, has  added $75 million in new contracts during the third quarter, bringing its total backlog to $10.8 billion with new work in the UK North Sea, Brunei and Egypt.The Switzerland鈥

Baltim South West Gas Field Starts Production

Sep 17, 2019

Egypt's Baltim South West offshore gas field backed by BP and Eni has started production of 100 million cubic feet of gas a day, the oil ministry said on Tuesday.Output will rise to 500 million cubic feet of gas by the second quarter of 2020 when five wells are expected to be online鈥

Zohr Gas Field Output Rises to 2.7 bcfd

Aug 21, 2019

Natural gas production at Egypt's Zohr field, the largest gas field in the Mediterranean, has increased to 2.7 billion cubic feet per day (bcfd), Egypt's petroleum minister said on Wednesday.In February, Egypt's petroleum ministry said the field's production stood at 2鈥

Egyptian Red Sea Survey Planned

Sep 06, 2019

Schlumberger and TGS today announced a new 3D seismic reimaging project in the Egyptian Red Sea comprising reimaging data from three overlapping seismic surveys totaling 3,600 square kilometers that were acquired between 1999 and 2008鈥攖he only available 3D data in this part of the Red Sea鈥

Eastern Med Shaking Up European Energy Politics

Jul 26, 2019

Discoveries of natural gas reserves in the Mediterranean Sea around Egypt, Cyprus, Israel and Greece are shaking up Europe鈥檚 energy politics. Traditionally, Russia has been Europe鈥檚 main supplier of gas, giving it significant influence over Europe鈥

Jumbo Completes Mooring Installation in Egypt

Jul 02, 2019

Netherlands-based Jumbo鈥檚 Fairplayer has completed the pre-installation and tensioning of a shallow water CALM buoy mooring system at a depth of 26 meters for the Mersa El-Hamra terminal offshore Egypt.The heavy lift shipping and offshore transportation鈥

Maersk Discoverer Lands More Work in Egypt

Jul 02, 2019

Maersk Drilling said Edison E&P has signed on its deepwater semisubmersible drilling rig Maersk Discoverer to drill an exploration well in the North Thekah gas field offshore Egypt.The contract is expected to commence in the fourth quarter this year and includes an additional one-well option鈥

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