22 Nov 2014

Reuters: Tamar Gas Group Plans Upgrade, Including Pipeline to Egypt

Israel's offshore Tamar gas field may get a $1.5-$2 billion upgrade, including the construction of an underwater pipeline to an export plant in Egypt run by Spain's Union Fenosa Gas (UFG).


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20 Nov 2014

SacOil CEO Looks at Mozambique and Egypt in Portfolio Balancing

SacOil Holding Ltd. (SCL) wants to diversify its assets by building a natural-gas pipeline in Mozambique and developing Egyptian oil wells, according to CEO Thabo Kgogo.


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19 Nov 2014

British Gas postpones project due to late payment of government dues: Egygas official

A senior official in Egygas revealed that British Gas has postponed the project linking production phase 9B to the Borollos fields until the beginning of 2016, rather than the beginning of 2015 as outlined in the approved plan.

In special statement to Al-Borsa, the official said that"...

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18 Nov 2014

Egypt spent $3 bln on fuel subsidies in the first quarter

Egypt spent 22 billion Egyptian pounds ($3.08 billion) on fuel subsidies in the first quarter of fiscal year 2014-2015, down 29 percent from the same quarter a year ago, an oil ministry official said on Monday.

As part of efforts to revive an economy battered by three years of political"...

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17 Nov 2014

Saudi Arabia, Egypt pull back as oil slides

Stock markets in Saudi Arabia and Egypt fell in early trade on Monday as both markets saw broad sell-offs against a weak global background.

The main Saudi index fell 1.2 percent shortly after opening with most stocks in the red. Shares in heavyweight Saudi Basic Industries (SABIC)"...

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17 Nov 2014

Gaz de France, British Gas to sign agreement to link West Borollos field to Delta processing station

A senior official at the Ministry of Petroleum revealed that Gaz de France (GDF) and British Gas (BG) will sign a new gas deal covering Egyptian gas fields, this week.

The agreement will connect approximately 100m cubic feet of gas per day to the West Delta Processing Plant which is owned by BG.


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12 Nov 2014

Egypt Kuwait Holding announces gas field purchase north of Suez

The Egypt Kuwait Holding (EKH) company announced the purchase of a gas field from a French company north of Suez, according to a cabinet statement on Sunday evening.

Cabinet Spokesperson Hossam Al-Qaweesh said that"......

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12 Nov 2014

Investors Trust Assurance SPC Moves Miami Office to New Location

Investors Trust Assurance SPC (“ITA") is pleased to announce that its office in Miami has moved to a new location in Brickell, the Financial District of Miami. This new office, in the heart of the growing city of Miami, supports the Company’s innovative and progressive culture,"...

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12 Nov 2014

AEG Power Solutions Chosen by Maire Tecnimont Group for UPS at Total Oilfield

- 25 AC & DC UPS systems for major Italian oil and gas development

- Technical expertise on the solution made the difference



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