OIL AND GAS

21 Apr 2015

Eni brags of oil production in Egypt

Italian energy company Eni said Monday its oil production in the Western Desert of Egypt has reached a record level, doubling its rate in just three years.

Eni said it's producing around 70,000 barrels of oil per day in the region. The company said that's ...

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19 Apr 2015

EGAS workers strike over ‘discrimination’

Workers at the Egypt Natural Gas Holding Company (EGAS) continued a strike that started Tuesday, protesting increased discrimination in internal regulations between workers with intermediate degrees and others with higher education.


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14 Apr 2015

Egypt to import $3.55 bn worth of LNG in 2015-16

Egypt will import around $3.55 billion worth of liquefied natural gas (LNG) in the 2015-16 financial year, an official at state-owned Egyptian General Petroleum Corporation (EGPC) said on Tuesday.

Egypt moved closer to easing its chronic power shortages this month with the arrival"...

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13 Apr 2015

Egypt’s Petrojet wins $185 million Contract for Iraq Gas Project

Egypt’s state-owned Petrojet has been awarded a $185m-contract to build the first gas-processing plant for Iraq’s Siba oilfield, operated by Kuwait Energy.


This came in a statement received by Egyptian oil minister Sherif Ismail from the director of Petrojet, Mohamed Shimy, Egypt-based Youm7 reported.

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09 Apr 2015

Shell to acquire BG for $70bn

Royal Dutch Shell agreed to take over British Gas (BG) for $70bn.


Shell and BG announced in a joint statement that the former will pay cash and shares with an estimated value of BG shares at about 1,350p, which represents a price premium of about 52% on the average share trading price, in 90 days.


"......

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07 Apr 2015

EGAS chairman visits Cyprus to activate information exchange for Aphrodite gas imports

Egypt and Cyprus have activated the exchange of information between the two sides to start the technical and economic studies for the marine pipeline importing gas from Cyprus’ Aphrodite gas field.


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04 Apr 2015

Egypt announces new oil discovery in W. Desert

Egypt on Friday announced a new petroleum discovery in the Western Desert region.

Egypt on Friday announced a new petroleum discovery in the Western Desert region, which, officials estimate, could eventually yield up to 1,358 barrels of ......

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01 Apr 2015

Crescent Group looking at Egypt’s gas sector

Crescent Group, the Sharjah-headquartered conglomerate, is exploring opportunities in Egypt’s gas sector, a board member said in Dubai on Tuesday.


“We, as Crescent, are looking at opportunities in Egypt directly,” board member Neeraj Agrawal told Gulf News at the Annual Investment Meeting."......

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28 Mar 2015

PTT looks to sell 25% stake in East Mediterranean Gas in Egypt

Thai energy giant PTT is reportedly looking to sell 25% stake in Egypt-based East Mediterranean Gas (EMG).

The proposed plans are part of the company's review of its investments in response to unstable global oil prices.


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26 Mar 2015

Government committee to monitor gas cylinders’ distribution on cards: minister


The government formed a committee comprised of members from the ministries of supply, planning, and petroleum to put guidelines and controls on the distribution of home gas (LPG) cylinders on ration cards, similar to the system of bread distribution on the cards, said Minister"...

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