The application of technologies envisaged by the MoU will lead to energy savings of more than 20% (in terms of non-consumed natural gas) and bring significant environmental benefits.
TransGlobe Energy Corporation is pleased to announce it has completed the acquisition of an additional 25 percent in certain leases on its West Gharib (Arab Republic of Egypt) properties from its partner, a private company registered in Cyprus, for consideration of US$18.0 million adjusted to June 1, 2008. This acquisition brings TransGlobe's holdings to a 100 percent working interest on all nine West Gharib leases.
Atwood Oceanics, Inc. announced that the Atwood Aurora, a LeTourneau Super 116E Jackup currently being constructed in Brownsville, Texas by the Company's wholly-owned subsidiary, Atwood Oceanics Pacific Limited, has been awarded a contract by RWE Dea Nile GmbH ("RWE") for work offshore Egypt.
GeoGlobal Resources Inc. has disclosed an update of certain of its exploration activities conducted during the quarter ended June 30, 2008 and through August 13, 2008. The Company advised that on August 11, 2008 it filed its quarterly report on Form 10-Q for the period ending June 30, 2008.
Egypt is preparing to launch an international auction for gas and oil exploration projects in seven new areas in the Mediterranean, Cairo-based Al Ahram daily reported.
Plexus Holdings PLC has agreed with Shell Egypt to supply, subject to completion of relevant contract terms, the Company’s proprietary POS-GRIP High Pressure/High Temperature (HP/HT) exploration rental wellhead systems in the Egyptian Eastern Mediterranean Sea.
Agrium Inc said Misr Oil Processing Company, S.A.E. of Egypt (MOPCO), will acquire its EAgrium project through a share swap in which EAgrium will become a wholly-owned subsidiary of MOPCO and the shareholders of EAgrium will become shareholders in MOPCO.
Egypt plans to implement a program for oil and gas exploration and development in fiscal year 2008-2009 with total foreign investments of $7 billion, Cairo-based Al Ahram daily reported Monday citing Abdul Aleem Taha, executive president of the Egyptian General Petroleum Authority.
Apache Corporation reported that the Heqet-2 appraisal well in Egypt's Greater Khalda area is producing approximately 2,100 barrels of oil per day from the Jurassic Safa formation.
Petrofac, the international oil & gas facilities service provider, has secured a further award from Khalda Petroleum Company (KPC). The contract, to provide engineering and procurement (EP) services for an additional gas train should convert to a lump-sum engineering, procurement and construction (EPC) contract on a pre-agreed basis.
VetcoGray has applied its latest technology to overcome unique challenges, reduce project costs and risks, and successfully convert an exploration well to full production service at Agiba Petroleum Company's West Ashrafi hydrocarbon facility in Egypt's Gulf of Suez, Red Sea.
Shipyard, a subsidiary of Sembcorp Marine has secured a contract from repeat customer, Egyptian Drilling Company (EDC) to build a jack-up rig at a contract value of US$220 million.
The Ar Rub No.1 exploration well has been drilled to test a deep Sidi Salim exploration play in the northern area of the South East El Mansoura concession. The well reached a total depth of 10,300 feet and open-hole logs suggest that two potential reservoir intervals were encountered within the target formation.
Egypt has begun pumping natural gas to Syria by a pipeline running through Jordan as part of a giant project to export Egyptian gas to the Middle East and eventually to Europe, Syria's oil minister.
Dana Gas, the Middle East's first and largest regional private-sector natural gas company, has announced a discovery from a new oil zone in its Egyptian concessions, marking the first discovery in the company’s US$ 170 million drilling campaign for 2008.
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.
Hill International, the worldwide construction consulting firm, announced recently that it has entered into an agreement with the Egyptian Natural Gas Holding Co. (EGAS) and the Egyptian Natural Gas Co. (GASCO), two subsidiaries of the Egyptian Ministry of Petroleum, pursuant to which they will form a new joint venture company that will provide project management services primarily on oil and gas projects throughout the Middle East and Africa.
Regal (AIM: RPT), the independent oil & gas exploration and production company, announces first oil from the ERB-A-1X well. Regal holds a 25% working interest in the East Ras Budran Concession in Egypt which is operated by Apache East Ras Budran Corp. LDC ("Apache").
RWE Dea has made a new gas discovery in the Egyptian Nile Delta. In the onshore part of the concession North El Amriya the Amriya-1x well encountered two reservoir intervals of a total of 19 m thickness within the Pliocene.
The Egyptian government will sign no new contracts to export natural gas until the end of 2010 or until it thinks that world prices have stabilised, a senior official said.
Aminex PLC, the oil and gas company listed in London and Dublin, announces that the NW Tanan-1 exploration well on the West esh el Mellahah concession in Egypt (WEEM) has reached basement at a depth of 2,357 metres with well logs indicating that no hydrocarbons were encountered. The well will now be plugged and abandoned and the rig temporarily released pending evaluation of the well and integration with existing 3D seismic.
BP-Egypt utilized AGR’s RMR technology onboard the Jack-up rig Constellation II on the Rahamat-1 well in the Mediterranean Sea. On the top-hole drilling campaign, AGR’s RMR system pumped the drilling fluid and cuttings from an outlet in the conductor 10ft above sea level with returns to the rig for recirculation.
Beach Petroleum is set to cement expansion plans that may add a potential 8 million barrels of oil reserves to its books next year after the Australian outfit successfully raised A$191 million (US$183 million) with a share placement.
The WEB-1X well is the first drilled by the Dana Petroleum and Gaz de France partnership at the West El Burullus (WEB) production sharing contract area within the prolific Nile Delta region, in the Mediterranean Sea offshore Egypt. The well was drilled by the jackup rig Ocean Spur.
Beach Petroleum reports that it has entered into an agreement with Tri-Ocean Energy Company under which, subject to the approval of the Government of the Arab Republic of Egypt, Beach will acquire a 20% interest in the North Shadwan Concession in the Gulf of Suez at a cost of US$110 million. Completion of the agreement is also subject to the waiver of pre-emptive rights by another Joint Venture party and the Egyptian General Petroleum Corporation.
A discussion on the region's economic resilience concluded that oil and gas prices will continue to rise, providing unique investment opportunities, but the region's greatest challenges are likely to be in managing expectations, lowering trade and investment barriers and educating the next generation to handle the wealth that is now being produced.
BP Egypt, on behalf of its joint venture partners in the Gulf of Suez Petroleum Company (GUPCO), announced today that oil production from the Saqqara field has started.
Beach Petroleum reports that it has entered into an agreement with Santos Egypt Pty Ltd under which, subject to waiver of pre-emptive rights by the Egyptian General Petroleum Corporation and the approval of the Government of the Arab Republic of Egypt, Beach will acquire, via a farmin arrangement, a 20% interest in the South East July concession, in the Gulf of Suez, offshore Egypt.
UK independent Dana Petroleum is set expand its portfolio in Egypt after signing a deal with Santos to buy a 40% interest in the South East July production sharing contract that lies in the Gulf of Suez off Egypt.
The crude oil reservoir Ras Budran is located in the Gulf of Suez, four kilometres off the coast of Sinai, and was discovered in the mid-1970s. To develop the field, SUCO was founded as a joint venture between RWE Dea as operator and the Egyptian General Petroleum Corporation (EGPC).
Dana Gas, the Middle East's first and largest regional private-sector natural gas company, has been awarded "Best New Concept" for the Al-Baraka well in Southern Egypt's Komombo concession by the Egyptian Petroleum Exploration Society (EPEX) at its 2007 Best Achievements Awards Ceremony.
Dover Petroleum Corp. announced that the company has signed an agreement of purchase and sale and a related share exchange agreement with Sea Dragon Energy Inc. and Egypt Oil Holdings Ltd.
RWE Dea has discovered gas and condensate in the Disouq Concession – Onshore Nile Delta. The North Sidi Ghazi-1x well encountered a gas bearing sandstone interval of 42 m column within the Upper Messinian reservoir sands. Formation evaluation confirmed the encountered section to be Gas bearing with average porosity of 20 percent.
Egypt Kuwait Holding has sold a 25% stake in International Pipe Industry Company (IPIC) to Kuwait Pipe Industries & Oil Services (KPIOS) for $20 million.
Italy's power group Edison and Britain's BG are the main competitors for a stake in Egypt's Abu Quir gas field and bidding results will be announced soon, Egyptian Oil Minister Sameh Fahmy has said.
KS Energy has taken delivery of KS Medstar-1 and the rig began its contract with Belayim Petroleum Company ("Petrobel"), on April 11, 2008 in the Mediterranean Sea. Petrobel is a joint venture between the Egyptian General Petroleum Corporation and Agip/ENI, the petroleum company of Italy.
Groundstar Resources Limited ("Groundstar" or the "Company") holds a 20% working interest in the onshore West Esh El Mallaha (WEEM) Block located within the prolific oil producing Gulf of Suez Basin.
Dana Gas, the Middle East's first and largest regional private-sector natural gas company, has announced that it is executing an aggressive exploration and development programme for its Egypt assets in 2008.
RWE Dea AG announced that a long term gas sales agreementhas been concluded with the Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS) for delivering gas to the Egyptian market from its North Idku offshore concession located in the Nile Delta, Egypt.
Twelve oil and gas exploration blocks will be offered by Egypt's state-owned Ganoub El Wadi Holding Petroleum Company in the International 2008 Bid Round I.
Senior officials from Egypt and Russia held talks on Wednesday to boost cooperation in the sector of oil and natural gas, the Egyptian official MENA news agency reported.
After a three-week expedition, the Kiel-based research ship FS POSEIDON has reached the discharge port at Heraklion, Crete, carrying preliminary results on board. Sponsored by RWE Dea, the ten-strong team of scientists and technicians under the supervision of Dr. Tomas Feseker of the Leibniz Institute of Marine Sciences (IFM-GEOMAR) explored the relations between gas genesis and mud volcanoes in the Egyptian Nile Delta.
Calgary, Alberta - March 10, 2008 / TransGlobe Energy Corporation ("TransGlobe" or the "Company") is pleased to announce a mid-quarter production and operating update.
CAIRO: Invensys Process Systems have joined ENPPI and GASCO in a joint venture to create Invensys Process System Egypt, the first “industrial automation engineering center of excellence” in the country, according to a press statement.
The application of technologies envisaged by the MoU will lead to energy savings of more than 20% (in terms of non-consumed natural gas) and bring significant environmental benefits.