OIL AND GAS

01 Sep 2014

UAE oil deal for Egypt amid signs of recovery

The UAE has agreed to supply Egypt with 63 billion Egyptian pounds (Dh31.73bn) worth of oil products over the coming year, a continuation of aid efforts that began last year to support Egypt’s new government as it seeks to rebuild the economy.


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30 Aug 2014

Egypt: New Projects to Increase Natural Gas Output Rates - Petroleum Minister

Minister of Petroleum Sherif Ismail inspected Thursday a number of projects for natural gas production in the Western Desert and reviewed efforts exerted to increase productivity rates of gas.


In"...

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28 Aug 2014

Daily increase of 100m cubic feet of gas production in Egypt

For the first time in this fiscal year, after facing several dips, gas production in Egypt has been upped. The current daily production rates stand at 4.65bn cubic feet of gas, as opposed to 4.75bn last week.


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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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