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FEATURED NEWS
Melrose discovers gas reserves of 30 Bcfe onshore Egypt

Melrose Resources plc, the oil and gas exploration and production company, is pleased to announce a new exploration discovery and commencement of seismic data acquisition in Egypt. more...

Sea Dragon Energy Inc. announces a significant increase in its oil production

Sea Dragon Energy Inc. is pleased to announce that its current working interest share of production from the N.W. Gemsa and Kom Ombo Concessions has now reached 1,475 bopd. more...

Aker Solutions signs subsea contract with Repsol

Aker Solutions has signed a contract with Repsol Investigaciones Petroliferas S.A. for delivery of subsea equipment to the Spanish oil company's Mediterranean wells. Contract value is approximately NOK 120 million. more...

Maridive to expand fleet, invest in Cameroon

Managing Director of Egypt's Maridive & Oil Services, Issa Eleish announced that the company is planning to spend $200 million to expand its fleet of vessels and take advantage of the rise in oilfield services demand. more...

Japan's AOC delays start of Egypt oil output to 2012

AOC, Japan's Arabian Oil Company, announced its second delay for crude oil production from Egypt's offshore Northwest October block in the northern Gulf of Suez. more...

EGPC to announce bid awards

Abd El Alim Taha, chief executive of the Egyptian General Petroleum Corporation (EGPC), said that EGPC will announce the results for its latest oil and gas bid round within the coming two months. more...

FEATURED VIDEO
HSE Campaign 2010
Fasten Your Seat Belt
 
 
 
 
UPCOMING EVENTS
12 International Petrochemicals Strategy & Technology Conference
February 22-23, 2010
12th International Petrochemicals Strategy & Technology Conference (IPTC)
February 22-23, 2010
11th International Downstream Strategy & Technology Conference
February 24-25, 2010
Offshore Asia 2010
March 16-18, 2010
16th Latin Oil Week 2010
March 22-24, 2010
Offshore West Africa
March 23-25, 2010
Oil & Gas Asia Exhibition & Conference
March 27-29, 2010
Egypt Oil & Gas Newspaper

El-Sharkawi: at least 20% production increase in 2010

Dana Gas, known by being one of the most active companies in Egypt, celebrated the new year of 2010 with the successful achievement of its 2009 production target in excess of 40 thousand boepd
European companies come first
The Egyptian petroleum industry has always been one of the favorable environments for foreign investments, which are not just good sources for economic revenues, but a way to get locally updated with the latest international operations techniques and exchange expertise

February 2010 Issue
February 2010
INDUSTRY INDICATORS
 
Natural Gas Daily
5.52
05-02-2010

Egypt Suez Blend 33 Weekly
69.31
29-01-2010
Current Rig Utilization in Egypt - December 2009
Currency Exchange Rates 07-02-2010
US Dollar 5.4480 EGP
Euro 7.6218 EGP
Sterling 8.6950 EGP
Yen 6.0080 EGP
Stock Market
08-02-2010
Company
Start End
Alexandria Mineral Oils Co.
39.42 41.03
Sidi Kerir Petrochemicals
11.42 12.09