News / Egypt

PTTEP quits Egyptian well

Thai oil company PTTEP has withdrawn its 30% interest in the Sidi Abd El Rahman Offshore Project in Egypt, the company has announced.

Agiba deepens in the Western Desert

Agiba Petroleum Company is reaching the final phase of drilling four new exploratory wells in the company's concession area in the Western Desert, according to its drilling plan of the fiscal year of 2010-2011.

Transglobe acquires assets in Egypt

TransGlobe West Bakr Inc (TGWB), a wholly owned subsidiary of TransGlobe Energy Corporation, has entered into a Sale and Purchase Agreement (SPA) to acquire all the Egyptian assets of The Egyptian Petroleum Development Co. Ltd. (of Japan) (EPEDECO) for $60 million plus or minus adjustments.

Officials deny full gas resumption to Israel

Gas exports to Israel have not returned to their pre-revolution levels, according to one official, as legal experts scramble to find ways to renegotiate a deal that was agreed under the previous regime.

Statoil hits dry in Egypt

Norwegian oil and gas firm Statoil has drilled a dry well in the El Dabaa license in the Mediterranean Sea west of the Nile in Egypt, the firm said on March 28.

Egypt pipeline opened after bomb removed

Egyptian gas transport company Gasco has reopened its upstream pipeline after an explosive device placed along it was removed.

Melrose planning to cut reliance on Egypt‎

The oil and gas firm Melrose Resources has said the threat of disruption to its drilling in Egypt has underlined the need to expand in other areas.

Jordan, Egypt agree on further cooperation

Jordan and Egypt agreed to strengthen their commercial ties, through turning Jordan into a logistic hub making use of its location, according to Egyptian Cabinet spokesman, Magdi Radi.

Hassan: We are paying all gas bills to Egypt

Caretaker Finance Minister Raya Hassan refuted the claims of caretaker Energy and Water Minister Jibran Bassil that she had refused to pay the bills of Egyptian gas which Lebanon receives.

Premier Oil Plc: Looking forward to Egypt results

The big news on the horizon at Premier Oil Plc will come out of Egypt.''We continue to look forward to results from the Cherry prospect in 20 to 30 days (4% upside, 0.5% downside),'' says the analyst team.

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