News / Egypt

Egypt’s NDP presents a working paper to get out of the economic crisis

The Energy Committee of the National Democratic Party (NDP) is to present a working paper for the Policies Committee of the NDP analyzing means to get out of the current economic crisis which struck since last September and to avoid the implications of the post-crisis which is expected to end in 2011-2012.

Kuwait Energy finds Black Gold in Egypt’s Western Desert

The Kuwait News Agency (KUNA) reported that Kuwait Energy Company, one of the largest independent E&P companies in the Middle East, has announced a new oil discovery in the East Ras Qattara (ERQ) Field, located in Egypt's Western Desert. The company estimates a daily production capacity of 5,285 barrels of oil and unproven reserves of 3.460 million barrels.

Dana Gas announces first gas production from Al Basant discovery and its first horizontal well El Wastani East in Egypt.

Dana Gas, the Middle East's first and largest regional private sector natural gas company, is pleased to announce that it had started its first production from the recent gas & condensate Al Basant discovery in the West Manzala Concession in the Nile Delta region of Egyptian March 31st, 2009.

Edison: A new hydrocarbon discovery in The Abu Qir concession in Egypt

The new Abuqir Petroleum Company - established in January 15, 2009 between EGPC, Egyptian General Petroleum Corporation (50%) and Edison (50%) - made a new hydrocarbon discovery in the Abu Qir concession after drilling a new well – the NAQ PII-2 – at a depth of 3,750 meters offshore Alexandria, in Egypt.

Dana Accelerates Exploration Drilling Program in Egypt, Norway

Dana Petroleum has provided an operational update on its 2009 exploration drilling program in Egypt and Norway.

Dana Gas board reviews progress of new discoveries, approves five-year growth plan

Dana Gas PJSC, the Middle East's first and largest regional private-sector natural gas company, announced that its board of directors has approved a five-year growth plan for the company on the heels of new discoveries in its Egyptian concessions, and a 50 per cent increase in operated gas production in Egypt and the Kurdistan region of Iraq.

Saipem charters Scarabeo 6 Semisub for operations in Egyptian Waters

Saipem has been awarded a new contract worth approximately US $400 million for the charter of offshore drilling rig Scarabeo 6.

Egypt’s oil production booms to 1.8 million bpd

Egypt's total production of crude oil, condensates and natural gas has increased to 1.8 million equivalent barrels per day in 2008/2009 compared to 690 barrels per day in 1981/1982, Minister of Petroleum Eng. Sameh Fahmy said.

Administrative Court Upholds Ruling Stopping Gas Export to Israel

The Administrative Supreme Court's State Commissioners Body has upheld the Administrative Judiciary Court's previous ruling canceling the government's decision to export the Egyptian "subsidized" natural gas to a number of foreign countries, including Israel.

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.

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