Egypt plans to start the first phase of an ocean bottom node (OBN) seismic survey covering about 18,000 sq km of its Eastern Mediterranean waters within the next two weeks, Minister of Petroleum and Mineral Resources Karim Badawi said on Oct. 18. The aim is to improve natural gas exploration prospects.
Eni has launched start-up activities for the Meleiha Phase 2 (MP2) project in Egypt’s Western Desert, advancing development of a new gas hub within the Merged Meleiha concession. The project includes a gas processing facility designed to handle up to 100 MMcfd.
Egypt and Saudi Arabia signed a memorandum of understanding (MoU) to strengthen bilateral cooperation in oil, natural gas and petrochemicals, opening new avenues for energy-sector integration, investment and trade between the two countries. The agreement was signed by Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, and Saudi Arabia’s Minister of Energy, Prince Abdulaziz […]
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 […]