News / Egypt
Transocean cold stacks rig after Petrobel termination
Petrobel, an Egyptian oil company jointly owned by the Egyptian General Petroleum Corp. and Eni, has terminated its contract for Transocean jackup GSF Key Singapore. Transocean is challenging the validity of this termination. Vegas O&G, Circle Oil start up oil production in Egypt
Circle Oil has announced its first oil production in Egypt. Having obtained the necessary agreements from the Egyptian General Petroleum Corporation (EGPC) and completed the required production engineering facilities, initial production commenced in the Al Amir Development Lease area in the NW Gemsa Permit in the last few days. Circle Oil announces first oil production in Egypt
Circle Oil plc, the AIM listed international oil and gas exploration, development and production company announces its first oil production in Egypt. Having obtained the necessary agreements from the Egyptian General Petroleum Company (EGPC) and completed the required production engineering facilities, initial production commenced in the Al Amir Development Lease area in the NW Gemsa Permit in the last few days. Egypt, Israel negotiate gas export prices
In a new step for the controversial Egypt-Israel gas deal, negotiations were held to amend the price of the Egyptian gas exported to Israel to cope with the international ones, according to the Yediot Achronot Newspaper. Maridive rises on dollar hopes, Egypt index up
Maridive & Oil Services posted its sharpest single-day gain in almost two weeks on Monday, lifting Egypt's index as investors bought its US dollar-denominated shares on hopes the dollar would gain. Sea Dragon eyes producing concession in Gulf of Suez
Sea Dragon has entered into a letter of intent for an exclusive period with Dover Investments Limited to acquire, subject to applicable governmental approvals, the Ras El Ush concession which is situated in the Gulf of Suez, Egypt. Dana Gas discovers 100 billion cubic feet of gas in Egypt
Dana Gas, the Middle East's first and largest regional private sector natural gas company, has announced another significant gas discovery in one of the company's concessions in the Egyptian Nile Delta. The Azhar-1 well is set to add up to 100 billion cubic feet (16 million barrels of oil equivalent) to the company’s reserves in Egypt. E.ON Ruhrgas acquires 29 % interest in exploration licence offshore Egypt
E.ON Ruhrgas has acquired a 29 % interest in the NW Demiatta exploration licence from Shell Egypt N.V. The licence is operated by Shell Egypt N.V. (61 %) and the additional partner is GdF Suez (10 %). 
