News / Egypt

Egypt Officially Starts Its Hydraulic Fracturing Era

In a landmark deal, Egypt awarded its first unconventional gas contracts to Texas-based Apache Corporation and Shell Egypt, a subsidiary of British-Dutch Royal Dutch Shell.

Sipetrol Announces Successful Gas Discovery in Western Desert

Eng. Sayed Rezk, General Manager of the Chilean State-owned Enap Sipetrol – Egypt and General Manager & Managing Director of the JV Company “PetroShahd” announced a new successful discovery in exploratory well Shahd-4 in the East Ras Qattara Concession

RWE Dea continues successful development of gas resources in Egypt

The development of RWE Dea's natural gas project Disouq in the Egyptian Nile Delta is progressing successfully. The company confirmed another positive appraisal of the North West Khilala (NWK) Gas Field with the development well NW Khilala-1- 4.

Major Transpositions and Promotions In Petroleum Sector Top Management

Petroleum Minister Eng. Sherief Ismail issued a decree on February 12, 2014 to apply major modifications in top managerial positions of petroleum companies.

PGNIG Withdrawing from Egypt Investment

PGNIG recently decided to withdraw from its oil and gas exploration project in Egypt amid geopolitical risks, reported Reuters.

BG Sees Production Falling as Egyptian Gas Curbs Cut Profit

BG Group Plc, the second U.K. oil and gas producer to issue a profit warning this month, said output will drop this year as political turmoil cuts exports from Egypt and other projects are delayed. The shares plunged.

Sipetrol Egypt Welcomes it’s new General Manager: Eng. Sayed Rezk

On December 5th Engineer Sayed Rezk, Sipetrol's Deputy General Manager and PetroShahd's General Manager has been appointed to be the General Manager of Sipetrol International S.A- Egypt Branch.

RWE Dea Egypt achieved Ministry Agreement for Offshore Concession in the Gulf of Suez

The Egyptian Ministery of Petroleum has signed the Concession Agreement for the East Ras Budran Offshore area. RWE Dea is the operator, holding a share of 80%. The company plans a 3D seismic survey and one exploration well during the first three-year exploration period.

Dragon lands Egypt offshore block

Dragon Oil plc, an international oil and gas exploration, development and production company, is pleased to announce that we have been notified by Ganoub El Wadi Holding Petroleum Company (Ganope).

Egypt agrees timetable to pay $3 bln to oil firms

Egypt has agreed a timetable to pay $3 billion of the $6.3 billion it says it owes foreign oil companies, the state news agency reported, as part of the drive to revive confidence in its economy hammered by nearly three years of political turmoil.

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