Italian energy giant Eni is ramping up investment in Egypt, unveiling plans to drill 30 exploration wells and 200 development wells as it deepens its role in the country’s oil and gas sector. Eni Chief Executive Officer Claudio Descalzi met Egyptian President Abdel Fattah al-Sisi in El Alamein on Tuesday, along with Prime Minister Mostafa […]
Gas producer Energean (ENOG.L), opens new tab is in exclusive talks to buy some of BP’s (BP.L), opens new tab upstream oil and gas assets in Egypt, two people involved in the process told Reuters.The deal, which could raise about $1 billion for BP, includes its stakes in the producing offshore West Nile Delta assets, […]
Eni and partners bp and Egyptian General Petroleum Corp. (EGPC) are working toward a final investment decision (FID) for the Denise West gas discovery offshore Egypt within the next few months, targeting first gas in less than two years.
Saudi Arabia has boosted its crude oil exports from Egypt’s Mediterranean port of Sidi Kerir by about 33% in the month since the Houthis threatened Saudi oil shipments in the southern Red Sea and the Bab el-Mandeb Strait, tanker-tracking data compiled by Bloomberg showed on Friday.
Egypt’s Ministry of Petroleum and Mineral Resources has launched two international bid rounds offering 14 onshore and offshore blocks for oil and natural gas exploration as the country seeks to attract upstream investment, the ministry announced on Tuesday.
Egypt and Libya are reportedly nearing a deal to build an 800-kilometer oil pipeline connecting Tobruk with Alexandria, creating a direct route for growing Libyan crude production to reach Egyptian refineries as the war with Iran disrupts Egypt’s traditional Gulf supplies.
TWMA has secured a three-year contract extension with a major operator in Egypt, continuing its provision of drilling waste management services as offshore activity expands across the Eastern Mediterranean. The award extends an existing three-year agreement and marks another milestone for the company, which is celebrating 20 years of operations in Egypt. TWMA said its Egypt […]
Dana Gas reported encouraging drilling results in Egypt’s Nile Delta while announcing that the Egyptian government has fully settled all overdue receivables and continues to make payments on time, supporting the company’s plans for additional upstream investment. The company’s latest well identified an estimated 10 Bcf of gas resources, significantly exceeding the original forecast of 3 […]
Strohm has secured its first contract in Egypt to supply a thermoplastic composite pipe (TCP) flowline for a West Delta Deep Marine (WDDM) gas development project offshore Egypt operated by Burullus Gas Company.
Egypt, ExxonMobil and QatarEnergy signed an MoU last week to study the potential development and commercialisation of gas discoveries in Cyprus through Egypt’s existing gas and LNG export infrastructure, according to a leading energy journal.