OIL AND GAS

26 Aug 2014

Pacific International Drilling West Africa Limited Announces Firm Contract Extension for Pacific Bora

Pacific International Drilling West Africa Limited (PIDWAL) announced today that Star Deep Water Petroleum Limited, an affiliate of Chevron, has signed a firm contract extension for the Pacific Bora. As previously announced in our recent Fleet Status reports, the contract extension increases"...

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25 Aug 2014

Egypt: Govt Does Not Import or Export Gas From Israel - Sisi

Egyptian President Abdel Fattah al-Sisi said on Sunday that Egypt does not export, nor does it import natural gas to and from Israel, the state news agency reported.


"Egypt no longer exports natural gas to Israel," Sisi said in a meeting with state-owned and independent newspapers editors in chief earlier today,"......

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25 Aug 2014

Egypt Key to the Development of East Med Gas

The partners in Israel’s largest offshore natural gas fields announced the signing of letters of intents to transport Israeli natural gas via Egypt’s unused export terminals.


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24 Aug 2014

Government reduces gas to plants to solve power crisis


Daily power outages have lessened to periods of five hours daily since last Thursday following a meeting between the president and the ministers of petroleum and electricity in which he gave them instructions"...

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24 Aug 2014

EGPC guarantees loan with naphtha, crude oil revenues from Ras Gharib

The government is borrowing on behalf of the Petroleum Authority in order to repay part of the debts it owes to partners, and this is due to the Ministry of Finance’s inability to pay these debts from the state treasury.


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23 Aug 2014

Sisi's Government Clings To Debt To Pull Egypt's Oil & Gas From The Brink

The Egyptian General Petroleum Corporation (EGPC), the country’s state-owned oil company, is in the market for a $1.5bn loan. It will use the funds to reduce its vast debts to international energy companies operating in Egypt for unpaid-for petroleum during the three years of civil unrest.


"......

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23 Aug 2014

DEKA natural gas flow starts offshore Egypt

Production has begun from the Denise-Karawan (DEKA) natural gas development offshore the Nile Delta in Egypt.


Eni SPA, which owns operator IEOC Production BV, said the Denise South 6 subsea development well produced 1.8 million cu m/day of gas and about 800 b/d of condensate.


The"......

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21 Aug 2014

Israeli Gas to Reach Global Market Via Pipelines to Egypt

In the midst of some of the worst Middle East tensions in a decade, one-time enemies Egypt and Israel are negotiating deals that may mean the sale of $60 billion in Israeli natural gas to liquefaction plants in Egypt.


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21 Aug 2014

Talks with Egypt on potential natural gas sale after ENI-KOGAS drilling results

NICOSIA will enter into concrete talks with Cairo over a possible natural gas sale to Egypt after the first results of the exploration activity by ENI-KOGAS in Cypriot offshore blocks 2,3 and 9, Cyprus Energy Minister Giorgos Lakkotrypis has said.


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20 Aug 2014

Egypt Likely to Get Imported LNG in December

Egypt will get the first shipment of imported LNG that it recently contracted by December, Egypt Independent newspaper reported Tuesday quoting a petroleum ministry official.


The official confirmed to the newspaper that the government also"......

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