OIL AND GAS

23 Sep 2014

Aminex reports drilling progress in Egypt

Aminex has been advised by the operator of the West Esh el Mellaha Production Sharing Contract ('WEEM-2 PSC'), onshore Gulf of Suez, Egyp,t that the South Malak-2 exploration well will spud imminently.

South Malak-2 is targeting the prolific Nubia and Matulla sandstones. The company has also been informed that a second location has been chosen, designated...

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23 Sep 2014

Petroceltic and Edison JV receives North Port Fouad Block in Egypt

Petroceltic International and Edison International joint venture (JV) has received the North Port Fouad Block license, located offshore Nile Delta, Egypt, as part of the Egyptian Natural Gas Holding Company 2013 International Bid Round.


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22 Sep 2014

Egypt tenders to buy fuel oil for Oct-Dec

Egypt's state-owned oil company has launched a tender to import hundreds of thousands of tonnes of fuel oil for delivery between October and December, according to tender documents seen by Reuters.

Egyptian General Petroleum Corp (EGPC) is seeking nine cargoes of 180 CST fuel oil,"...

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20 Sep 2014

Egypt awards oil and gas exploration blocks

Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm, the petroleum ministry said.

The agreements cover seven exploration areas. Germany’s RWE won two exploration blocks in the Gulf of Suez, while Tunisia’s HBSI, Canada’s TransGlobe and Italy’s Edison secured five...

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18 Sep 2014

Egypt to buy oil products from UAE

Egypt will buy 65 per cent of its oil product imports for the next year from the UAE, in the latest Gulf lifeline to an economy rocked by three years of turmoil.


The deal, approved by the Egyptian government and announced yesterday, covers petrol,"......

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15 Sep 2014

Two new oilfields found in Egypt

Egypt's national oil company Egyptian General Petroleum Corporation has announced the discovery of two new oil reservoirs in the Gulf of Suez and the Western Sahara.


Each reservoir has a capacity of 600 barrels of oil production per day, Egyptian"......

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14 Sep 2014

Grandweld Success Story with Cotemar S.A. DE C.V. Mexico

Grandweld Shipyards has completed the delivery of the four units 42 meter Aluminum Crew Boats to Cotemar S.A. DE C.V. Mexico; the contract was signed in June 2013.

The 42M Aluminium Crew Boats are fitted with EPA"...

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13 Sep 2014

Egypt signs deal with WB for $500m gas loan

Egypt has signed a $500 million loan with the World Bank (WB) to provide natural gas to Egyptian households, the government said in a statement.

The loan will help fund a Petroleum Ministry plan to connect 850,000 Egyptians, particularly in largely rural Upper Egypt, to a natural gas grid, Minister of International Cooperation Najla Ahwani said in the...

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11 Sep 2014

Egypt signs Sahara oil exploration deals with US firm

Egypt signed two oil exploration agreements worth at least $44 million with U.S. oil company Apache on Wednesday, the state"......

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03 Sep 2014

Feasibility study underway for propylene project through $1.5bn in investments: ECHEM official

A feasibility study for a propylene production project in Alexandria worth $1.5bn in investments is underway, according to an international consultancy office that requested anonymity, said an official from the Egyptian Petrochemicals Holding Company (ECHEM).


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