OIL AND GAS

20 Feb 2020

Pumping of natural gas from Egypt to Kingdom resumed — NEPCO-

AMMAN — Director General of the National Electric Power Company (NEPCO) Amjad Rawashdeh on Wednesday confirmed the resumption of pumping Egyptian natural gas to the Kingdom, according to the quantities and contractual terms agreed upon between Jordan and Egypt.

Regarding"...

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19 Feb 2020

USTDA, Egypt strengthen petroleum sector partnership

The U.S. Trade and Development Agency (USTDA) signed a Memorandum of Understanding (MoU) with the Egyptian Ministry of Petroleum and Mineral Resources, paving the way for further cooperation between the United States and Egypt in the petroleum sector.

The"...

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16 Feb 2020

EGAS signs $43m oil exploration deal with Wintershall Dea

Minister of Petroleum and Mineral Resources Tarek el-Molla signed a new agreement to search for and produce oil and natural gas in eastern Damanhur area in the Nile Delta with a minimum investment of $43 million and $11 million grants to drill eight wells.

The new agreement"...

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13 Feb 2020

Egypt, Neptune Energy sign exploration agreement for Gulf of Suez

Egypt’s Petroleum Minister Tarek El-Molla signed a new exploration licence agreement with Neptune Energy for North West El Amal Offshore Concession on Wednesday.

The signing took place on the side-lines"...

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13 Feb 2020

Italy's Edison starts exploratory drilling for gas in Egypt

Italian energy group Edison has begun drilling an exploratory well in deepwater acreage in Egypt, not far from other giant east Mediterranean gas fields, the CEO of Israel-focused gas driller Energean said on Wednesday.

Energean"...

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13 Feb 2020

Egypt, Schlumberger introduce Egypt Upstream Gateway

ArabFinance: The Egyptian Ministry of Petroleum and Schlumberger introduce the Egypt Upstream Gateway, a unique and innovative national project for digitizing subsurface information and delivering a digital subsurface platform to ensure Egypt's subsurface data is kept evergreen. The"...

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13 Feb 2020

Shell continues to sell its assets in Egypt’s Western Desert

Shell is still open to receiving offers from potential buyers of the company’s onshore upstream assets in Egypt’s Western Desert, Shell Egypt’s country chair, Khaled Kacem, announced yesterday.

The"...

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12 Feb 2020

ECHEM, Bechtel sign deal for $6.7bn refinery, petrochemicals complex in SCZone

Egypt signed an agreement with the American company Bechtel to establish a new refinery and petrochemicals complex at the Suez Canal Economic Zone (SCZone) with $6.7bn investment.

The agreement was signed by Chairperson"...

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11 Feb 2020

Finance Ministry downgrades oil prices’ expectations to $64 per barrel

Egypt’s Ministry of Finance downgraded its expectations for oil prices for fiscal year (FY) 2019/20 budget to $64 per barrel from $68, according to a ministerial report, evaluating budget performance over the first half of current FY.

International"...

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06 Feb 2020

Egyptian operators hit the bullseye with Churchill

Churchill Drilling Tools, a global oilfield service company specialising in drilling innovation, has announced a successful entry to the Egyptian market after a major operator ran a record five Churchill products in its drill-string.

"...

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