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Ministry of petroleum succumbed to investors to amend terms of gold exploration
Country’s oil, gas sector will continue in full swing, develop its resources, increasing production to meet domestic market needs, reduce imports
Government sources deny imposing a new increase on gas prices for factories
The Egyptian Parliament’s energy committee approved an agreement for oil and gas exploration in the North Sinai maritime concession area (NOOR) in the Mediterranean Sea. The deal is between the Italian company Eni and the Egyptian Natural Gas Holding Company (EGAS). MP ElSayed Hegazy, a member of parliament’s energy committee, told Daily News Egypt that …
Shell and Apache applied to acquire sectors in the western desert, says source
Tender for gold exploration to be approved in Q1 of 2016, says EMRA chairman
Ganope Chairman Abu Bakr Ibrahim told Daily News Egypt the new bid is awaiting approvals from the relevant entities regarding the sites, their number, and areas.
West Nile Delta project underlines BP’s commitment to Egyptian market, company said
Total foreign investment, which is being pumped this year, is estimated at $7.5bn.
“BG Egypt invested more than $3.5bn since the 25 January Revolution”
We all bear the burdens of the crimes and sufferings of both our ancestors and our neighbors, and the people that will one day populate the surface and caves of Mars are the same ones bearing the cultural traumas of our dark and bloody roots.
Shell and Apache to conduct experiments on shale gas production in the Western Desert
The two exploration blocks was awarded to BP as a result of the 2013 EGAS bid round
Germany’s RWE, a Suez Oil Company (SUCO) partner, has increased investment allocations for the 2014/2015 fiscal year to approximately $300m compared to the previous $218m, according to a company official. The new investments will be utilised to drill new wells and develop others in the Ras Badran, Ras Fanar, and Gabal El-Zeit oil fields in …
Delays in payments have hindered development, exploration and production in oil fields
Overcoming challenges in cattle exports is an Australian government priority, says official
Exploration companies have been hesitant to develop untapped gas finds in Egyptian waters partly because the amount the government pays them barely covers their investment costs.
The deals are with firms including BP, Dana Gas Emirati, Petroceltic International, and Sea Dragon Energy.
State-owned Egyptian Natural Gas Holding Company (EGAS) plans to launch an international tender for deep water gas exploration next year
Egyptian Natural Gas Holding Company (Egas) awarded eight licences for gas exploration on 16 April and said it would potentially be offering at least 10 more this year.
The European Bank for Reconstruction and Development proposes a $40m loan for Kuwait Energy to drill for oil
The details of the transaction and its price have not been disclosed.
By Islam Serour The Egyptian General Petroleum Corporation(EGPC) announced a new bid round for 20 blocks in the areas of the Eastern and Western Deserts exploration. Total investments according Hani Dahy, Chairman of the EGPC, is estimated to amount to $8.5 billion in the 2012-2013 fiscal year. Adel Saeed, the EGPC’s Vice Chairman for Agreements, …