News / Egypt

Eni Plans $14b in Cost Cuts, Asset Sales

Eni plans to cut investments and sell down stakes to help it prop up dividends. Company's CEO said the disposals will be mainly through the dilution of stakes in recent discoveries, picking out gas fields in Mozambique and Egypt as prime candidates.

SDX Begins Seismic Program on Egypt’s South Disouq Asset

SDX Energy Inc. has announced that work has begun on the seismic acquisition of 300km2 of 3D data on the South Disouq concession (SDX 55% WI), located onshore Nile Delta Egypt.

Oil Minister Follows Up on Development of Zohr Field

Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, met with the Higher Committee, comprised of the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), Petrobel, and Italy's Eni, to follow up on the development of the Zohr field project.

Egypt Drafting New Cooperation Strategy with EBRD

Egypt's International Cooperation Minister, Sahar Nasr, received European Bank for Reconstruction and Development's (EBRD) Director for Egypt, Philip ter Woort, to discuss preparations of a new cooperation strategy for the coming years.

El Molla: Natural Gas Delivered to Thousands of Homes in Upper Egypt

Tarek El Molla, Egypt's Minister of Petroleum, said that natural gas has been delivered to 621,000 housing units in Upper Egypt since the beginning of the national project to deliver gas across the country.

EBRD Supports Gas Flaring Reduction in Egypt

The European Bank for Reconstruction and Development (EBRD) aims to combat energy waste in Egypt, with a workshop addressing problems that are linked to gas flaring in the country’s petroleum industry, EBRD informed in a press release.

Egypt to Take Part in Oil and Gas Projects with Iraq

The Ministry of Petroleum seeks to expand its foreign activities through oil and gas production in Iraq.

OneSubsea Wins Contract for BP’s West Nile Delta Fields

OneSubsea, a Cameron and Schlumberger company, has been awarded a contract from BP Exploration (Delta) Ltd. and partner Deutsche Erdoel AG (DEA) to supply subsea production systems for West Nile Delta fields - Giza, Fayoum, and Raven, situated offshore Egypt.

EMC Signs Maintenance Contracts in Oman, Algeria, Angola

The Egyptian Maintenance Company (EMC) has managed to sign contracts for the maintenance of oil and electricity projects in Oman, Algeria, and Angola for the first time and to increase its activities in Iraq, Mohammed Abdel Hafez, EMC's Chairman and Managing Director said.

Egypt’s Maridive Signs $43m Offshore Contract in UAE

Maridive & Oil Services SAE announced that its offshore construction sector obtained a new contract worth $43m in the UAE, according to a statement released in early March.

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