News / Egypt

Dana Gas Reports Strong Profit Growth for Q1 2013

Dana Gas PJSC, the Middle East's largest regional private sector natural gas company, announces its financial results for the first quarter ended 31 March 2013 with a net profit after tax of AED 241 million (US$ 66 million), an increase of 17% as compared to AED 206 million (US$56 million) in Q1 2012. Revenue from the sale of hydrocarbons during Q1 2013 was AED 557 million (US$ 152 million).

Apache announces three new oil and gas discoveries in Western Desert, extends production base across vast concession areas

Apache Corporation announced drilling success with three new discovery wells in Egypt's Western Desert.

Dana Petroleum appoints new Managing Director in Egypt

Aberdeen-based Dana Petroleum has appointed Paul Barnett as the new Managing Director of its Egypt business.

Russia says Egypt asks for help with gas supplies to Europe

Egypt, struggling to meet domestic energy demand, has asked Russia to help it fulfil its gas supply contracts with Europe, Russia's Energy Minister was quoted as saying on Saturday.

Egypt Awards New Oil and Gas Contracts

Egypt recently awarded eight oil and gas exploration contracts for prospecting projects off the North Coast of the Mediterranean Sea. Companies inacluding BP, Petroceltic International, Sea Dragon, Pura Vida Energy and Dana Gas are paying a total of $73.2 million to secure the license deals, which require a minimum investment of $1.2 billion.

Sipetrol New Production Record Achievement

Mr. Miguel Angel Vargas, the General Manager of the Chilean state-owned Sipetrol International S.A., Egypt Branch, announced a new achievement in East Ras Qattara Concession in the Western Desert, with a new production record exceeding 17,000 BOPD from the last drilled Development Well Shahd-3 with an added production rate of 4,300 BOPD during April 2013.

SPE North Africa Conference and Exhibition returns to Cairo, Egypt

The fourth edition of the North Africa Technical Conference and Exhibition (NATC) returns to Cairo, Egypt, from 15-17 April 2013, under the patronage of the Ministry of Petroleum and Mineral Resources, Egypt. Organised by the Society of Petroleum Engineers (SPE).

Weatherford Promotes Total DepthSM Services

Weatherford, one of the largest oilfield services companies that operates in more than 100 countries and employs more than 60,000 people worldwide, is presenting their Total DepthSM services at NATCE-SPE.

Sea Dragon Ramps Up Production in Egypt to 1840 Boepd and Reduces Its Aged Receivables to Two Months

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

Foster Wheeler Awarded Technical Consultancy Services Contracts by Khalda

Foster Wheeler AG announced that subsidiaries of its Global Engineering and Construction Group have been awarded contracts by Apache Khalda for the provision of technical consultancy services to oversee the engineering, procurement and construction (EPC) phase of the Qasr Compression Project in Egypt.

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