News / Egypt
Shell Reveals $342m Investment Plans in Egypt
Royal Dutch Shell has announced its new plans for the coming fiscal year (FY) 2016/2017 in Egypt. The Anglo-Dutch oil and gas giant sets its eyes on investing $342m in drilling 33 wells in its concession areas that are operated by Badr El Din Petroleum Company (BAPETCO).
Egypt to Develop 5 New Oil, Gas Fields by 2019
A plan has been set by the Egyptian government to start developing five new oil and gas fields in Egypt, from the third quarter of 2017 until 2019. The five fields are named: Taurus, Libra, Giza, Fayoum, and Raven.
EGPC: Oil Ministry Inked 3rd LNG Platform Deal
An official source at the EGPC said that there are five steps for securing natural gas imports, to meet all citizens' demands in local markets.
Egypt Agrees to Import Iran’s LNG
Egypt has agreed to recommence importing Iran's liquefied gas (LNG), according to an Iranian official, following the permit issued by Cairo for Tehran to transfer crude oil to European countries through its SuMed pipeline.
Nostra Terra to Start Collecting East Ghazalat Revenues
UK’s Nostra Terra has confirmed that its subsidiary, Independent Resources Egypt (IRE), has now been formally registered with the Egyptian General Petroleum Corporation and is on track to start receiving revenue shared from its recently acquired stake in the East Ghazalat operations in Egypt.
Schlumberger Wins $170m Zohr Development Contract
The world’s largest oilfield services company, Schlumberger Limited, has declared that its subsidiary, OneSubsea, has won a $170m contract from Egypt’s Petrobel, to help with the development of Egypt’s Zohr offshore natural gas field.
Schneider, AUC Ink Solar Energy Agreement
France’s Schneider Electric (SE) has signed an in-kind gift agreement with the American University in Cairo (AUC) to provide advanced solar energy solutions to help develop local communities in Egypt.
Egypt, Jordan Discussed Energy Projects
Egypt’s Minister of Petroleum, Tarek El Molla, and Jordan’s Energy and Mineral Resources Minister, Ibrahim Saif, discussed the mechanism of implementing energy and natural gas cooperation protocols between the two Arab nations.
