OIL AND GAS

02 Jul 2015

APR lands $30million deal in Egypt

APR Energy has signed a year-long, $30million contract to provide a gas turbine power plant in Egypt.


APR Energy’s plant will feature three GE aeroderivative mobile turbines that will run on clean-burning natural gas. The plant is expected to come on line by the beginning of next year.


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30 Jun 2015

Egypt’s gas production declines in 2015 by 205m cubic feet

Egypt’s average natural gas production declined this year to 4.395bn cubic feet per day, compared to about 4.6bn cubic feet in 2014.


A Petroleum Ministry report revealed that foreign partners are slowing down the development processes of fields, leading to a decline"......

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28 Jun 2015

EGAS to conduct Mediterranean's largest seismic exploration project

Egypt's state-owned gas company EGAS will carry out the largest seismic oil and gas exploration project in the Mediterranean, seeking data that could attract global exploration companies, it said on Thursday.


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28 Jun 2015

Further fuel price hikes needed: Analysts

Egypt might need a second hike in fuel prices since President Abdel-Fattah El-Sisi came to power last June, analysts predict, despite lower global oil prices and savings in domestic consumption.

The move would be part of the government’s five-year fiscal reform programme to"...

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27 Jun 2015

Norway’s PGS to Conduct Seismic Exploration Offshore Egypt

Egypt on Thursday signed a deal with Norway’s PGS for seismic exploration project in its western territorial waters in the Mediterranean Sea, state-owned Egyptian Natural Gas"...

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24 Jun 2015

Egypt agrees deal with BP for LNG supply

Egypt has agreed a liquefied natural (LNG) supply deal with British oil major BP through 2015 and 2016, but for less than first proposed, Egyptian officials and trade sources said.


BP"...

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23 Jun 2015

Petroleum, supply ministries cooperate to transform cooking oil into biodiesel

A protocol agreement to activate the reuse of cooking oil and transform it into biodiesel was signed between the Ministries of Petroleum and Supply, as well as the Alexandria Company for Petroleum Additives (ACPA), Monday.


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23 Jun 2015

PanAtlantic Exploration Announces Results from Short Term Test of Turpiales-3 Horizontal Well

PanAtlantic Exploration is pleased to announce results from the short term test of Turpiales-3 horizontal well. The completion in the lower Real sand flowed at a maximum sustained rate of over 700 barrels of 16 degree API oil per day with a 2% BSW average. President and CEO Dr. Robert Erlich"...

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22 Jun 2015

Oil production at 130,000 barrels on average daily: Shell Egypt

Egypt has been facing a continuous dwindling in natural gas production since 2012, which led the government to import liquefied gas shipments to fill its needs. Daily News Egypt interviewed the Managing Director of Shell Egypt Aidan Murphy.


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21 Jun 2015

Egypt earmarks $8bn for fuel subsidies

Egypt has earmarked 61 billion Egyptian pounds ($8 billion) for fuel product subsidies in the draft 2015/2016 budget, Tarek El Molla, chairman of state-run Egyptian General Petroleum Corp (EGPC), said in a statement on Saturday.

The cabinet on Thursday approved a draft of the budget for the next fiscal year starting July 1, but did not announce the...

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