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Multi-company drilling for gas in Mediterranean will occur: Sherif Ismail
We have reached an agreement with Eni over Noras field gas, with production estimated at 500m cubic feet daily, says minister
Eni gas discovery to alleviate balance of payments pressures: Moody’s
Recent gas discovery is positive credit for Egypt, says report
Led by Saudi Arabia, Persian Gulf oil countries resist tough climate agreement
IS in Tripoli claim car-bomb on Eni office day after Egypt gas discovery
Strike targeted a “den of apostates”, IS supporters said
10 water stations closed, investigations ongoing in Assiut after oil leak
15 metres of Mazzot oil had leaked into the Nile
Ruble follows oil price down
BAPETCO’s discovery increases daily oil production to 50,600 barrels
Well’s original oil records about 15m barrels, adds approximately 5m barrels to oil reserves
Al-Sisi meets with BG’s CEO
Egypt’s President Abdel Fattah Al-Sisi met with Helge Lund, the Chief Executive Officer of British Gas (BG), to discuss the company’s current activities in Egypt and its plans to increase its investments. The meeting was also attended by Petroleum Minister Sherif Ismail, according to an official statement by the presidency. The BG executive congratulated the …
Ganope announces results of oil, gas exploration bid
The company received seven offers for five exploration sites of approximately 23,200 sqkm with at least $100.3m investments
Shell resumes offshore drilling in Arctic
OPEC, Russia: ‘Oil market to stabilize’
Greenpeace stages novel Arctic drilling blockade
‘People will not accept crappy terms’ for Iranian oil
Oil spill payments sink BP into the red
British energy giant BP recorded multi-billion dollar losses in the second quarter due to payments linked to the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. Low oil prices also weighed on results. The loss was "mainly relating to the recently announced agreements in principle to settle claims arising from the 2010 Deepwater Horizon accident," said Bob Dudley,…
Iran deal seen as a threat to Middle Eastern countries: Researchers
JCPOA’s “historic” deal was signed in Vienna to curb nuclear enrichment in Iran, lift economic ban
IMF projects slower growth in emerging markets
Growth in emerging markets and developing countries will reach 4.2% in 2015, down from 4.6% in 2014, expects IMF
EGPC, Rosneft sign agreement for oil products, LNG shipments
Minister of Petroleum Sherif Ismail said that signing the two agreements is a mutual cooperation between public companies in Egypt and Russia.
Oil production at 130,000 barrels on average daily: Shell Egypt
An increase of 20% in production through Assil and Karam project, 50 oil wells to be drilled this year to keep up with the production rates
Dana Gas to discuss collecting receivables in Egypt this week
Board of directors’ meeting will discuss company’s 2015 mid-year budget and Q1 financial statements
Eni pumps $2bn in the Egyptian oil sector
Agreement signed between company and EGPC to modify gas prices, introduce new activities
Eni pumps $2bn in the Egyptian oil sector
Agreement signed between company and EGPC to modify gas prices, introduce new activities
Crescent Petroleum targets entering oil drilling operations in Egypt: Al-Qadi
Egyptian government did not breach agreement with Emirati companies in Egypt, says company’s president
Oil price will break $70 barrier next winter: Expert
Reduction of subsidies bill for FY 2014/2015 to EGP 60bn, says petroleum expert
Petroleum Ministry owes EGP 100bn to Finance Ministry
Petroleum agreements add interest rate on dues of government’s partners
Shell to acquire BG for $70bn
25% increase in oil and gas reserves of Royal Dutch Shell
Finalising procedures of $3bn loan in June: EGPC Chairman
Work is being finalised on the procedures of obtaining a $3bn loan from the Islamic Development Bank (IDB), allocated to the Egyptian General Petroleum Corporation (EGPC). The procedures for the loan are set to be completed by June, said Chairman of EGPC, Tarek El-Mulla, adding that the IDB loan will be issued due to a …
Government should repay all fuel dues to foreign partners: Official
An oil company official said the government should repay full dues to foreign partners and approve gas price amendments that have been agreed upon to stimulate investments in the sector. Egypt will face stability in oil and gas production rates during fiscal year 2015/2016 as a result of a number of companies reducing their investments, …
Egypt, Jordan sign gas sector MoU: Petroleum ministry
Discussions held on expanding Iraqi gas pipelines to reach Egypt through Jordan to benefit from Iraq’s oil and gas supply
$23.5bn agreements signed in oil, gas, mining sector at Summit
Largest contribution in the sector made through BP
Dana Gas to pump additional $350m in Egypt until 2018
Gas output to increase by 170mn cubic feet per day by 2017