21 Apr 2015
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 ...Continue Reading
19 Apr 2015
14 Apr 2015
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"...Continue Reading
13 Apr 2015
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.
09 Apr 2015
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.
07 Apr 2015
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.
04 Apr 2015
Egypt on Friday announced a new petroleum discovery in the Western Desert region.
01 Apr 2015
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."......Continue Reading
28 Mar 2015
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.
26 Mar 2015
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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