News / Egypt
BP boosts Egypt’s natural gas reserves
BP Egypt announced today that it has drilled a successful well, Giza North-1, in the North Alexandria concession held by BP, RWE Dea and EGPC/EGAS. The well encountered a significant gas accumulation as part of a large channel complex. India’s Prize Petroleum eyes Devon’s Egypt assets-source
Indian exploration company Prize Petroleum Co., a unit of state-run Hindustan Petroleum Corp., is in talks to buy Egyptian assets of US-based Devon Energy Corp. (DVN), reported the DNA newspaper. Apache announces Egyptian oil and gas discoveries
Apache Corporation announced the discovery of natural gas and condensate in its Alexandrite 1X well, from a recompletion in the Alam El-Bueib 6 (AEB 6) formation on Apache’s Matruh Concession in the Western Desert of Egypt. Egyptian Shura Council approves 9 oil and gas exploration agreements
The Shura Council’s Industrial and Energy Committee approved nine agreements to search for oil and natural gas in the areas of the Gulf of Suez and western and eastern desert. AMOC share price set at 95 LE
The Egyptian Ministry of Investment (MOI) has drawn back its original strategy to sell Alexandria Mineral Oils Company (AMOC) stake as it decided to set the price of a 50% stake in AMOC at LE95 per share for the 43 million shares offered, reported the Daily Star. Dana Gas completes acquisition of Centurion Energy International
Dana Gas PSJC, the first regional private-sector gas company in the Middle East, announced that its agreement to acquire Centurion Energy International Inc has been approved and completed as planned. A Season of Acquisitions and New Technology
Thirty years of operating has not meant stagnation in Drexel’s product and service lines. Every year, innovative technologies and new brand names are added to the already extensive array of oil and gas provisions offered by Drexel in every area. Fahmy: Ministry of Petroleum seeks expansions in natural gas use
Egypt’s Minister of Petroleum Sameh Fahmy said that the ministry’s strategy aims to expand the use of natural gas in the various domains, giving priority to the needs of the domestic market and exporting the surplus. 
