Dr. Hany El Sharkawi Assumes Executive Leadership of Cheiron Petroleum

• Monday, 4th March 2013
• by Egypt Oil & Gas

The Board of Directors of Cheiron Petroleum Holdings Ltd. (CHL) is pleased to announce that Dr. Hany Elsharkawi has joined the company as the Chief Executive Officer. Dr Hany holds an M. SC and PhD degree from the University of Manitoba, Canada and a B. SC degree from University of Alexandria Egypt.

Egypt gas exports up 4% in 2012: IDSC

• Thursday, 28th February 2013
• by Egypt Oil & Gas

Egypt exported $22 billion worth of natural gas last year, 4 percent more than in 2011, according to a report on Economic and Social Indicators released in February by the state-run Information and Decision Support Centre (IDSC).

Egypt says has signed debt deals with Petronas, BG Group

• Wednesday, 20th February 2013
• by Egypt Oil & Gas

The Egyptian government has signed agreements with Malaysia's Petronas and Britain's BG Group to reschedule debt owed by Cairo, the minister of petroleum, Osama Kamal, told reporters on Tuesday.

Egypt Plans to Pay Foreign Oil Firms Partially in Pounds

• Tuesday, 19th February 2013
• by Egypt Oil & Gas

Egypt plans to repay a quarter of its about $9 billion debt to foreign oil companies in Egyptian pounds, the independent El-Watan newspaper reported, citing Industry and Foreign Trade Minister Hatem Saleh.

Sea Dragon Increases Production to 1,700 Boepd with the Acquisition of Shukheir Marine and the Start of Gas Sales in Nw Gemsa

• Sunday, 17th February 2013
• by Egypt Oil & Gas

Sea Dragon Energy Inc. is pleased to announce new operational update for its recent work activities in Egypt.

Egypt’s NBD to arrange USD150-200m syndicated loan for Maridive

• Sunday, 17th February 2013
• by Egypt Oil & Gas

Cairo based National Bank for Development (NBD) is considering arranging a syndicated loan between USD 150-200 million for Maridive & Oil Services, the Egyptian oil and gas services company, listed on the Egyptian stock exchange, a senior banker told Zawya.

Apache Promotes Executives to Lead International Growth Initiatives

• Thursday, 7th February 2013
• by Egypt Oil & Gas

According to an internal press release Apache recently made significant changes to its leadership structure in an effort to facilitate future growth and development internationally.

Egypt seeks to meet energy needs

• Thursday, 7th February 2013
• by Egypt Oil & Gas

Egypt's General Petroleum Corporation (EGPC) is seeking to buy 968 thousand tonnes of diesel to be delivered between April and June.

BG Group to miss 2015 output target on Egypt, UK woes

• Thursday, 7th February 2013
• by Egypt Oil & Gas

The UK's BG Group no longer expects to meet a medium-term production target of more than 1 million b/d of oil equivalent by 2015, the company said Tuesday, as short-term production issues in Egypt and the UK continue to weigh on BG's upstream.

Eni: New Oil Discovery in Western Desert of Egypt

• Thursday, 7th February 2013
• by Egypt Oil & Gas

Eni has made a new oil discovery from the NFW well ''Rosa North 1X'', located in the Meleiha Concession, in the Western Desert of Egypt. The drilling of Rosa North 1X is part of Eni's strategy to refocus exploration activities in Egypt by targeting deeper oil plays in the Western Desert.