Kuwait Energy announced that it discovered a new oilfield in the Egyptian western desert, Borg El Arab field is considered the company's fifth consecutive discovery since last year.
Eng. Sameh Fahmy, the minister of petroleum, stressed on the importance of the continuous work to increase the financial profit from oil resources industry, and he encouraged the Egyptian companies to invest more in the search and exploration for oil and gas
Sea Dragon Energy Inc. is pleased to announce it has entered into an Alliance Agreement with Tanmia Petroleum Company (TPC), an company incorporated in Egypt and owned one hundred percent by the Egyptian General Petroleum Corporation (EGPC).
Dana Gas PJSC, the Middle East's first and largest regional private sector natural gas company, has announced two gas discoveries in the Nile Delta, Egypt .
Egypt Oil and Gas (EOG) knew that there will be another movement of promotions within the Egyptian Petroleum sector in the coming week. The movement will witness interchanges for figures inside the domestic petroleum sector as well as promotions for others.
Banks alliances, which submitted offers to win the Egyptian General Petroleum Corporation's bid for the $ 2 billion loan, said it will soon announce the winning coalition during this month, according to a source close to the banks.
"Egypt's oil and gas sector is full of many promising investment opportunities, which is one of the most important factors for attracting international companies," said the Egyptian Minister of Petroleum, Eng. Sameh Fahmy.
Strong reports indicate that Maridive is searching for investment opportunities in the West African regions and targeting increasing its business volume in North Africa as it offered new marine unit for rent in Libya for the coming two years.
The Egyptian government told Union Fenosa, the Spanish-Italian company involved in the liquefaction of natural gas, to consider importing gas from abroad to meet the needs of the Damietta liquefaction unit located on the Egyptian Mediterranean coast, after the company suffered from a set back in its supplies from the gas national network during the first half of the fiscal year 2009/2010.
The Higher Administrative Court gave the Egyptian government legal clearance to allow natural gas exports to Israel yesterday, cancelling a lower court's previous verdict to stop exports.
Dominic Asquith, Britain's ambassador in Cairo, said that his country's investments in Egypt are estimated over than $20 billion, flowing into the Egyptian market through British companies operating in the energy sector such as BG and Shell.
DANA PETROLEUM PLC spudded the Bamboo well (Dana 50%) in the West El Burullus concession, offshore Nile Delta, Egypt on 19th February 2010. This drilling follows on from the recent success at Papyrus, which was the second gas field discovered in this concession by Dana and its partner Gaz de France with their first two wells.
Melrose Resources stated today that it met its production expectations for 2009, driven by the successful fast-track expansion of recent Egyptian discoveries.
The Ministry of petroleum witnessed shocking movements yesterday. Eng. Abdllah Ghorab was promoted as the president of the Egyptian General Petroleum Corporation (EGPC) instead of Eng. Abdel Aleem Taha.
Fields Development Company (FDC) will start operating in the HG34-3 well of the Ukrainian Company Naftogaz. FDC will provide the needed services to set the well on the early production system, it will also supply the block with "Site preparation for Early Production Facilities and The Early Production provision."
Apache Corporation announced that Egypt's Ministry of Petroleum has finalized extension of the Khalda Offset and East Bahariya concessions in the Western Desert. The extensions will permit Apache to continue its exploration program across approximately 1.5 million acres.
Beach Petroleum Limited, an oil and gas exploration and production company, announced that its project partner BP confirmed a gross oil-bearing column of 107 meters in the North Shadwan 377-5 well on the Gulf of Suez in Egypt.
The Egyptian Natural Gas Holding Company (EGAS) announced the results of its licensing round for gas-prone Mediterranean offshore acreage which is considered a sign of the growing interest in Egypt’s upstream potential.
Eng. Sameh Fahmy, the minister of petroleum announced that the government will increase investments in oil exploration in the next ten years to reach up to $ 25 billion, in addition to attracting more foreign investments to the local market.
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.
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.
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.
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.
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.
Circle Oil has announced that theGeyad-2X ST1 well has commenced production in the onshore NW Gemsa Concession. Production has started from the upper of the two identified pay zones in the Kareem Shagar Sandstone. The lower untested pay zone, in the Kareem Rahmi Sandstone, will be further evaluated at a later date.
Minister of Petroleum, Eng. Sameh Fahmy signed today two agreements between the state-owned Egyptian General Petroleum Corporation (EGPC) and Apache Corporation for exploring in the Western Desert.
The minister of Petroleum, Eng. Sameh Fahmy declared that the petroleum sector will provide all the support to the educational system, focusing on divisions that will improve the level of oil production in Egypt.
Dana Petroleum plc, the independent oil and gas exploration and production company focused on growth through international exploration and the development of production in the North Sea and Egypt, is pleased to provide the following operational update and outlook.
Groundstar Resources is pleased to announce that the company has entered into an asset exchange agreement with Karl Thomson Energy Limited (KTE), its partner in its two Egyptian blocks.
Spectraseis, the leading provider of low frequency seismic solutions to the upstream oil & gas industry, today announced the completion of a Low Frequency (LF) seismic survey for Shell Egypt N.V in the North East Abu Gharadig (NEAG) Basin, Western Desert, Egypt.
The minister of Petroleum, Eng. Sameh Fahmy declared that the petroleum sector will provide all the support to the educational system, focusing on divisions that will improve the level of oil production in Egypt.
Eng. Mahmoud Latif, Chairman of the Egyptian Natural Gas Holding Company (EGAS) announced that the company received four offers from international companies from Russia, Germany, Ukraine and the U.S.A to carry out projects to deliver natural gas to Upper Egypt.
Sea Dragon Energy Inc completed the acquisition of all of the issued and outstanding shares of Premier Oil Egypt of Al Amir field in NW Gemsa Concession.
Shell Egypt received ministerial approval to effect agreements signed with Vegas Oil & Gas and GDF SUEZ to acquire a 20% interest from each in the Alam El Shawish West Concession, in the Western Desert area.
Sea Dragon Energy Inc. announces that its wholly owned subsidiary, Sea Dragon Energy (Kom Ombo) Ltd. has signed a Farm-out Agreement with Dana Gas Egypt Ltd.
UK oil explorer Premier Oil said it expects oil and gas production to be flat in 2010, compared to 2009, after a big achievement lifted 2009 output by 21 percent.
Egyptian General Petroleum Corporation (EGPC) is looking to secure a $2 billion; 58-month debt financing that will be used for export funding, bankers close to the deal reported.
The Egyptian Minister of Petroleum, Eng. Sameh Fahmy denied rumors around the government's intention to import gas from any country, pointing out that any investment proposals with effective cost to support the Egyptian national security will be issued by specialties in the petroleum sector.
Egypt is considering the import of natural gas from Iraq through the pipeline that the country currently uses to export its own natural gas to Jordan, Lebanon and Syria, known as the Arab pipeline, the Daily News Egypt reported.
Apache Corporation reported that its WKAL-A-2X discovery tested 5,085 barrels of oil and 130 thousand cubic feet (Mcf) of gas per day - the fourth successful exploration test in West Kalabsha Concession and the company's sixth discovery in the Faghur Basin play in Egypt's far Western Desert near the Libyan border.
Dana Gas, the Middle East's first and largest regional private sector natural gas company, is pleased to announce the Al Baraka-4 well, drilled as an appraisal of the Al Baraka Field in the Komombo Concession in southern Egypt
Hany Soliman, President and chairman of the board of the Egyptian Petrochemicals Holding Company (Echem), announced that preparation are taking place for the inauguration of methanol production complex in Damietta, with investments reaching up to $950 million.
The oil sector is attaching increasing importance to scientific research in order to develop the oil, gas and petrochemical industries in Egypt, said the Egyptian Petroleum Minister Eng. Sameh Fahmy.
Eng. Sherif Ismail, Chairman of Ganoub El Wadi Petroleum Holding Company (Ganope) revealed the establishment of a new investment company for oil refining in Upper Egypt.
The Minister of Petroleum, Eng. Sameh Fahmy issued his directions to speed up the delivery of natural gas to households, adding that this year's plan includes 600 thousand households
Egypt's petroleum products subsidy bill will reach 66 billion Egyptian pounds ($12.1 billion) by the end of the fiscal year 2009/10, the state news agency MENA said on Tuesday.
South Malak-1 in the West esh el Mellaha-2 concession in Egypt reached a revised total depth of 11,200 feet (3,415 meters) on 21st October 2009, reported Aminex PLC.
Dana Gas PJSC, the Middle East's first and largest regional private sector natural gas company, has announced that it has successfully achieved its end of year production target for Egypt operations
The Egyptian Minister of Petroleum Eng. Sameh Fahmy announced that Egypt is expected to have 520 exploratory and development wells for oil and 36 for natural gas to be drilled in 2010.
Interpipe in cooperation with the ARTOC Company, a partner of Interpipe in Egypt, together held a business meeting with potential customers in Cairo, last month, which is an attempt to strengthen its presence in the Egyptian market.
Iran has dismissed France's Total from investing in development of phase 11 of the country's South Pars gas field, state television reported. "Total has been dismissed from investing in the project to develop the phase 11," Hojjatollah Ghanimifard, deputy head of National Iranian Oil Co., told state television. A Total spokeswoman in Paris declined to comment.
U.S Apache Corporation Chairman and Chief Executive Officer, Steven Farris praised the ''fruitful mutual cooperation'' between the company and the Egyptian petroleum sector, which has contributed to the company's successes in Egypt, especially in the Western Desert.
Dana Petroleum, the independent oil and gas exploration and production company focused on growth through international exploration and the development of production in the North Sea and Egypt, has confirmed that it is currently drilling the Papyrus exploration well, on the West El Burullus concession, (Dana 50%) offshore Nile Delta, Egypt, targeting gas at a similar horizon to the West El Burullus-1 discovery made in 2008.
Oil Minister Sameh Fahmi signed Sunday 8/11/2009 two oil agreements on behalf of two Egyptian petroleum and natural gas companies with two UAE and British oil firms with minimum investment values worth $330.5 million.
Beach Petroleum Limited ("Beach") is pleased to advise the NS377-3 oil development well (North Shadwan Development Lease, Gulf of Suez, Egypt, Beach 20%) has reached its total depth of 2,873 metres MD (1,800 metres TVD RT) after intersecting a gross oil column of 144 metres in the Kareem Formation sandstone of Miocene age.
Melrose Resources plc, the oil and gas exploration, development and production company provides an update on its operational activities in Egypt. Development activity on Melrose's fields in the Nile Delta has continued and the Company is pleased to announce that the South Khilala field, which contains estimated reserves of 36 Bcf, was successfully brought on stream on 16 October 2009.
Egyptian LNG was awarded one of the five winners of the 2009 DuPont Safety Awards.
This year eighth edition’s award recognizes companies and organizations that have undertaken outstanding initiatives towards workplace safety enhancements and accident prevention in the region of Europe, Middle East and Africa (Emea).
Three foreign companies are negotiating with the Ministry of Petroleum plans to develop oilfields in the Red Sea over the next three years at expected investments worth 90 billion Egyptian pounds.
Egypt's state-owned Egyptian Natural Gas Holding Co. (EGAS) has shelved plans for the construction of a second LNG train at Damietta until enough natural gas reserves are found, according to a company official.
BP and Eni SpA have found 2 trillion cubic feet of gas, half of what is needed to start up a new liquefied natural gas train, an executive of State-owned Egyptian Natural Gas Holding Company (EGAS) said.
Circle Oil reported that the Al-Amir SE-4X appraisal well has been successfully drilled and tested in the onshore North West Gemsa Development Lease in Egypt.
Aminex announced that the South Malak -1 well in the West Esh El Mellaha PSC area, onshore Gulf of Suez, Egypt, has now been drilled to a total depth of 11,200 feet. Oil shows were encountered in Pre-Miocene Matulla sand stringers from 10,858 to 10,900 feet and high gas readings were encountered from 10,300 feet through to total depth. The well has now been logged from the base of the last cased section, at 2,725 feet, down to total depth.
PGNiG opened its branch in Cairo, Egypt, on October 14, 2009. This is directly related to the Company's plans and activities in this country. In Egypt, PGNiG SA will focus on primarily exploration for and subsequently the production of crude oil. The reserves of this raw material under the license awarded to the Polish company are estimated at 22 million tonnes.
Dana Gas, the Middle East's first and largest regional private sector natural gas company, has announced two more significant gas discoveries -- Faraskur-1 and Marzouk-2 -- in one of its concessions in the Egyptian Nile Delta. Together, the two wells are expected to add 86 billion cubic feet (bcf) of gas to the company's Egypt reserves.
In the session held Oct. 7, chaired by Jordan's Prime Minister Nadir al-Dhahabi, the Council of Ministers approved the partnership agreements between the National Petroleum Company (NPC) and the British company British Petroleum (BP) for the concession of the Al-Rishah gas field, including the agreements for amending the concession, execution, share remittance, and operation.
Egypt is receiving two loans worth a combined EUR120m from the European Investment Bank to develop renewable energy and water projects. The first loan of EUR50m (USD72.7m) will support the development of the Gabal el Zait offshore wind farm
Egypt will decrease subsidies on natural gas and electricity to non-energy intensive industries, the local press reported, raising prices 26 percent by the beginning of 2010, announced Amr Assal, chairman of the Industrial Development Authority.
Beach Petroleum provides an operational update on its drilling Egypt. In the Gulf of Suez’s North Shadwan Concession, The NS 394-3 [Burtocal North] oil exploration well (Beach 20%) is drilling ahead at a depth of 2117 metres in the South Gharib Formation. The primary reservoir target is the Nubia Formation.
The Middle East can look forward to solid growth this year and next, but a fall in crude prices could undermine prospects for oil exporters and importers alike, the IMF warned on Thursday.
An overview of the energy mix and how it will evolve mid-century, given the impacts of factors like population growth and economic prosperity, was the main issue discussed in the Future Energy Scenario forum hosted by Shell Egypt under the auspices of the Minister of Petroleum Eng. Sameh Fahmy, and in collaboration with the Egyptian Petroleum Association (EPA).
