News / Egypt

Apache announces Egyptian oil and gas discoveries

Apache Corporation announced the discovery of natural gas and condensate in its Alexandrite 1X well, from a recompletion in the Alam El-Bueib 6 (AEB 6) formation on Apache’s Matruh Concession in the Western Desert of Egypt.

Egyptian Shura Council approves 9 oil and gas exploration agreements

The Shura Council’s Industrial and Energy Committee approved nine agreements to search for oil and natural gas in the areas of the Gulf of Suez and western and eastern desert.

AMOC share price set at 95 LE

The Egyptian Ministry of Investment (MOI) has drawn back its original strategy to sell Alexandria Mineral Oils Company (AMOC) stake as it decided to set the price of a 50% stake in AMOC at LE95 per share for the 43 million shares offered, reported the Daily Star.

Dana Gas completes acquisition of Centurion Energy International

Dana Gas PSJC, the first regional private-sector gas company in the Middle East, announced that its agreement to acquire Centurion Energy International Inc has been approved and completed as planned.

A Season of Acquisitions and New Technology

Thirty years of operating has not meant stagnation in Drexel’s product and service lines. Every year, innovative technologies and new brand names are added to the already extensive array of oil and gas provisions offered by Drexel in every area.

Fahmy: Ministry of Petroleum seeks expansions in natural gas use

Egypt’s Minister of Petroleum Sameh Fahmy said that the ministry’s strategy aims to expand the use of natural gas in the various domains, giving priority to the needs of the domestic market and exporting the surplus.

Statoil gets a second award of exploration in Egypt

Following an international bidding round, Norway’s Statoil ASA has been offered an operating 80% stake in a deepwater block off Egypt, Block 10, in the Mediterranean Sea.

Egypt, Russia sign joint oil and gas production agreements

Gazprom, Russia’s state-controlled gas monopoly announced that it achieved an agreement with two Egyptian companies on joint prospecting, exploration and production of oil and natural gas in Egypt.

Emirate’s Al Thani Company to explore oil and gas in Siwa

Egyptian Minister of Petroleum, Sameh Fahmy and Abdullah Said Abdullah Al- Thani, chairman of Al-Thani Corporation signed two agreements for oil and gas exploration in South Siwa.

Fahmy and El-Allaw discuss the third phase of the Arab Gas Pipeline

Sameh Fahmy, Egypt’s minister of petroleum discussed with the Syrian Minister of Petroleum and Mineral Resources Soufian El-Allaw the undergoing work progress in the Arab Gas Pipeline, during a meeting held in Cairo.

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