Maridive & Oil Services SAE (MOIL), an Egyptian marine and oil support services company, tumbled to the lowest level in more than two years after the price of oil declined.
UAE energy firm Dana Gas said on Monday that its overdue receivables from Egypt for the gas delivered there has risen to around $200 million from $180 million previously and added that it was optimistic payments were coming.
Apache Corporation reported results from two new wells in Egypt's Western Desert that signal continued drilling success in the Faghur Basin and on concessions acquired in 2010.
Badr El-Din Ptroleum Company (Bapetco) and Khalda Petroleum Company (KPC) drilled recently two new wells in their concession areas in the Western desert.
Turkey intends to cooperate with Egypt in searching for natural gas in the Mediterranean, given the latter's experience in deep-water drilling, Turkish Energy Minister Taner Yıldız says on an official visit to Egypt.
Energean Oil & Gas announces that its subsidiary Aegean Energy Egypt Limited commences the 2nd Exploration Phase of West Kom Ombo Block Concession License ending September 2014..
Egypt is negotiating with Jordan over increasing the price of Egyptian natural gas it exports to the fellow Arab state, an official Egypt's Oil Ministry said on Monday.