Dana Gas Announces New Oil Discovery in Egypt: Dana Gas, the Middle East's first and largest regional private-sector natural gas company, has announced a discovery from a new oil zone in its Egyptian concessions, marking the first discovery in the company’s US$ 170 million drilling campaign for 2008.
Baghdad sets up new oil player: The Iraqi government said it is setting up a new oil company in the south-eastern province of Maysan with the goal of more than tripling oil production in the region in the next five years.
Beach Moves Forward with Gulf of Suez Acquisition: Beach Petroleum announced that it had entered into an agreement with Tri-Ocean Energy Company under which Beach will acquire a 20% interest in the North Shadwan Concession, located in the Gulf of Suez at a cost of US $110 million.
Petroceltic Announces US$55 Million Cash Investment And Strategic Alliance With Iberdrola: Petroceltic International plc announces that it has entered into a strategic alliance and financing arrangements with Iberdrola, to develop the Company’s oil and gas assets in North Africa and Italy
Mart Resources Announces First Export & Sale Of Crude Oil From Umusadege Field, Nigeria: Mart Resources, Inc. and its partners Midwestern Oil and Gas Company PLC (Operator) and Suntrust Oil Company Nigeria Limited announce their first crude oil export from the Umusadege field, located onshore Nigeria.
Kuwait's crude oil exports to Japan up 24 percent: Japan's crude oil imports from Kuwait jumped 24.0 percent in May from a year earlier to 10.42 million barrels for the fourth straight month of expansion, according to the report released Monday by the government agency.
OMV participates in additional exploration license in Norway: OMV Aktiengesellschaft, the leading oil and gas group in Central Europe, strengthens its E&P position in the core region Northwestern Europe by acquiring a 30% interest in the exploration license PL 301CS in Norway from the Canadian company Talisman and the Danish company DONG.
Current Rig Utilization in Egypt - May 08
Commodity Price
OPEC Basket Daily
30-06-2008
|
136.03
Brent Crude Daily
30-06-2008
|
139.83
Natural Gas Daily
30-06-2008
|
13.35
Egypt Suez Blend 33 Weekly
20-06-2008
|
124.46
Stock Market
Alexandria Mineral Oils
(AMOC.CA)
Date
|
Start
|
End
02-07-2008
|
73.07
|
73.28
Sidi Kerir Petrochemicals
(SKPC.CA)
02-07-2008
|
20.12
|
20.94
Currency Exchange Rates30-06-2008
US Dollar
5.3315 EGP
Euro
8.4205 EGP
Sterling
10.6315 EGP
Yen
5.0230EGP
Egypt Oil & Gas Report
Egypt boasts one of the most promising energy industries in the world. Egypt offers companies, both large and small, far ranging opportunities within its oil & gas sector.
Egypt Rig Market Report 2007
Egypt Rig Market Report is a comprehensive guide to the Egyptian rig market, exploring new opportunities and aiding the decision-making process of every contractor and operator.
