News / Egypt

BP reserves drop 1% after asset sales in Egypt, U.S., Canada

BP Plc said its proved recoverable crude oil and natural gas reserves fell 1.2 percent last year on disposals in Canada, Egypt and the U.S.

Will Hess leave Egypt for good?

Hess Corporation, an integrated oil company based in USA, decided that it would sell its shares in its concession area in the Mediterranean Sea.

El Hamra to drill a new well

El Hamra Oil Company is preparing to drill a new exploratory well in the company's acquisition area in North East El Alamein, located in the Western Desert field.

ZAFCO to increase production

Zafarana Oil Company (ZAFCO) evaluates the south extension of the geological formation of the Zafarana field in the Gulf of Suez concession.

GEMPETCO evaluates the seismic data

Gemsa Petroleum Company (GEMPETCO) is currently working on reassessing some of the data collected from the 3D seismic survey of some of the company's fields.

WASPETCO: no problems with partner

Wadi El Sahl Petroleum Company (WASPETCO) denies any problem with the partner as some newspapers claimed that the company's operations were postponed due to the clashes, said an official to Egypt Oil & Gas Newspaper.

Abu Qir deepen in the Mediterranean

Abu Qir Petroleum Company studies the possibility of drilling a new exploratory well in its acquisition area in the Mediterranean.

PetroAmir and SUCO to join forces

PetroAmir is preparing to cooperate with Suez Oil Company (SUCO) to implement a new project to extent the natural gas pipeline produced during the coming period. The procedure is a part of the company's new fiscal plan of the year 2010-2011.

NOSPCO awaits the new ministry decision

North Sinai Petroleum Company (NOSPCO) is awaiting the response from the new ministry, led by Eng. Mahmoud Latif, on the workers' demands to appoint the temporary petroleum labor.

Confusion prevails in the EGPC

Concerns have dominated the petroleum labor yesterday after spreading news that Eng. Abdallah Ghorab, the President of the Egyptian General Petroleum Corporation (EGPC) to move to his previous position at the Ministry.

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