News / Egypt

Egypt’s Daily Oil Output Reaches 700,000 Barrels

Egypt has increased its oil output by 55,000 barrels per day (bpd), bringing the country's daily oil production to 700,000 barrels for the first time in 14 years, the official MENA news agency reported.

Rowan Snags Shell Commitment for Tarzan Newbuild in Egypt

Rowan Companies, Inc. has received a letter of intent from Shell Egypt for the new Tarzan Class jackup, J. P. Bussell.

Saipem snaps up $830m offshore trio

Saipem has scooped up three new offshore drilling contracts in West Africa and Egypt worth around $830 million.

Groundstar Resources announces commencement of West Kom Ombo Seismic program

Groundstar Resources Limited (“Groundstar” or the “Company”) is pleased to announce that as operator of the West Kom Ombo (WKO) block in Upper Egypt.

Egyptian LNG Upgrade Project To Mark Debut Of GE’s Power Crystal Technology

GE Oil & Gas is launching its innovative "Power Crystal" technology for an upgrade project that will increase the power output and performance of gas turbines at an LNG plant owned by the Egyptian Operating Company for Natural Gas Liquefaction Projects (Egyptian LNG).

RWE Dea’s Egyptian South Sidi-Ghazy Well Hits Gas

RWE Dea has made a new gas discovery in the Egyptian Nile Delta. In the onshore part of the Disouq concession, the South Sidi-Ghazy 1x-well found the Messinian formation gas bearing for the second time.

Egypt fuel subsidies report ignores May energy price hikes

A recent government report ranked Egypt as the ninth fuel subsidies provider in the world, failing however to consider the controversial energy prices hikes implemented last May.

TransGlobe acquires additional interest in West Gharib Properties

TransGlobe Energy Corporation is pleased to announce it has completed the acquisition of an additional 25 percent in certain leases on its West Gharib (Arab Republic of Egypt) properties from its partner, a private company registered in Cyprus, for consideration of US$18.0 million adjusted to June 1, 2008. This acquisition brings TransGlobe's holdings to a 100 percent working interest on all nine West Gharib leases.

Atwood snags 2 contract commitments for Aurora, Southern Cross

Atwood Oceanics, Inc. announced that the Atwood Aurora, a LeTourneau Super 116E Jackup currently being constructed in Brownsville, Texas by the Company's wholly-owned subsidiary, Atwood Oceanics Pacific Limited, has been awarded a contract by RWE Dea Nile GmbH ("RWE") for work offshore Egypt.

GeoGlobal Discloses Exploration Activities in Egypt

GeoGlobal Resources Inc. has disclosed an update of certain of its exploration activities conducted during the quarter ended June 30, 2008 and through August 13, 2008. The Company advised that on August 11, 2008 it filed its quarterly report on Form 10-Q for the period ending June 30, 2008.

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