25 Jun 2016
The American wildcat oil and gas exploration firm Apache Corporation has agreed a five-year extention to its Khalda-2 drilling concession in the Western Desert, with an expected investment of US$40 million. The agreement was signed by Petroleum Minister Tareq al-Molla, the Egyptian General Petroleum Corporation's Chief Executive Tareq al-Hadidy and David Shi,...Continue Reading
21 Jun 2016
HOUSTON -- OneSubsea, a Schlumberger company, has been awarded an engineering, procurement and construction contract totaling more than $170 million from Belayim Petroleum Company (Petrobel). OneSubsea will supply the subsea ...Continue Reading
20 Jun 2016
19 Jun 2016
Egyptian Petroleum Minister Tarek El-Molla received Friday a mission from Kuwait Petroleum Corporation (KPC) to discuss means of diversifying and upgrading mutual investments to achieve joint strategic goals of two states.
18 Jun 2016
London: One of the world’s newest liquefied natural gas (LNG) importers is again shipping out the fuel.
Egypt, which last year began importing LNG to meet domestic demand while halting shipments from two multibillion-dollar facilities that produce the fuel, this month sent out its second shipment this year. The Provalys loaded at the Ikdu terminal...
16 Jun 2016
16 Jun 2016
The Paris-based International Court of Arbitration has ruled that Egypt's state gas board EGAS will not have to pay a $270 fine related to gas cuts at its foreign-owned liquefied natural gas (LNG) plant, the petroleum ministry said on Tuesday.
14 Jun 2016
Drinking water shortages have left parts of Egypt going thirsty for up to two weeks in the run-up to Ramadan, with popular frustration over the failure of authorities to tackle the crisis spilling onto the streets.
13 Jun 2016
The National Association of Freight and Logistics (NAFL) held an open Forum on FIATA Logistics Academy (FLA) on 15thMay, 2016 at the Le Meridian Airport Hotel, Al Wasl Ballroom to give out distinction certificates to their top trainees who got 95% and above"...Continue Reading
11 Jun 2016
BP Egypt has announced another important gas discovery in the Baltim South Development Lease in the East Nile Delta.
The Baltim SW-1 exploration well, drilled in water depth of 25 metres by operator Eni, reached a total depth of 3750 metres depth and penetrated 62 metres of net gas pay in high quality Messinian sandstones. The discovery, which is located...