News / Egypt

TransGlobe announces Cdn$75.0 Million Bought-Deal Financing

TransGlobe Energy Corporation announced yesterday that it has entered into an agreement with a syndicate of underwriters under which the members of the syndicate have agreed to purchase for resale

Boosting the cooperation with Halliburton

Eng. Sameh Fahmy, Egyptian Minister of Petroleum, received Mr. David Lesar, President and Chief Executive Officer of Halliburton, during his visit to Egypt within the framework of a working tour in the Arab countries which also includes Iraq and Algeria.

Maridive receives two new units, six more to follow

Maridive and Oil Services received one new vessel and one new barge and said it would receive another vessel this month, Beltone Financial reported in its daily note.

Circle Oil updates Al-Amir SE-7 well in the NW Gemsa Development Lease

Circle Oil has provided an operational update for the Al-Amir SE-7 well which is being drilled in the N W Gemsa Development Lease, Egypt ( Circle: 40% Working Interest).

Strong oil prices push Egypt’s Sidpec up 30%

Strong oil prices and an increase in production capacity have buoyed Egypt's Sidi Kerir Petrochemicals (Sidpec).

Energean Oil & Gas spuds WKO-1X well in West Kom Ombo

Energean Oil & Gas announced that it has spudded the WKO-1X well in the West Kom Ombo Field Concession, the first of two committed exploration wells for the Second Exploration Period in the concession.

Dana Gas: 20% increase in Nile Delta production

Dana Gas announced that its annual production rate for 2010 from its Nile Delta Concessions is an estimated 42,000 barrels of oil equivalent per day (boepd), an increase of 20% on 2009, with production commencing from seven new fields.

Mubarak inaugurates the Upper Egypt Gas Pipeline in Aswan

Egyptian President Mohamed Hosni Mubarak inaugurated the Gas Complex during his multifarious tour within Aswan governorate today, Thursday.

PetroShahd and PPC to join forces

PetroShahd Company has finalized a deal with Petroleum Pipelines Company (PPC) to transfer the crude oil produced by the company to the shipping area of PPC in Mostorod, official source told Egypt Oil & Gas.

APICORP sells 12% stake in Egypt-based ACBC

The Arab Petroleum Investments Corporation (APICORP), the multilateral development bank of the Organization of Arab Petroleum Exporting Countries (OAPEC), has signed an agreement to shed its 12% stake in the Egypt-based Alexandria Carbon Black Company (ACBC) to the Aditya Birla Group, the majority shareholder of the company.

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