News / Egypt

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

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

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

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

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

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.

Petroceltic announces Egypt operational update

Petroceltic International plc, the upstream oil and gas exploration and production company focused on North Africa, the Mediterranean and Black Sea regions, provides an update on its Egyptian exploration and development activities.

Editorial Retraction: Error in January Issue Regarding Vega Petroleum Limited

Vega Petroleum Limited (VPL), a privately owned exploration and production company, established in the British Virgin Islands with its principals from the Middle East, announced today that it has successfully received approval for working interest and operatorship in the Ras El Ush (REU) field in the Gebel El Zeit Offshore Concession, from Canadian E&P Company, Dover Investment Ltd by EGPC.

Dana Gets Green Light for Development After Successful Test Well in Egypt

Dana Petroleum has been given the go-ahead by the Egyptian government to further develop the Nefertiti oil field in the Gulf of Suez following the successful completion of an appraisal well.

ExxonMobil Egypt renews its contract with the Egyptian Drilling Company for additional five-years

ExxonMobil Egypt, the leader in blending and marketing of high technology industrial lubricants, renewed its cooperation with the Egyptian Drilling Company (EDC),known to be the leading drilling company in the Middle East, for additional five years.

Dana Gas Makes Significant New Gas Discoveries in Egypt

Dana Gas PJSC, the Middle East's first and largest regional private sector natural gas company, has announced that it has made two new onshore gas discoveries in the Nile Delta Basin of Egypt.

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