News / Egypt
RWE Dea Nile force majeure ends
Atwood Oceanics said its Egypt-based customer has ended force majeure on the US contract driller's rig operating in the Mediterranean Sea. EMG President resigns
Mohamed Ibrahim Tawila, president of Egyptian energy company Eastern Mediterranean Gas (EMG), best known for its controversial gas export deals with Israel, has resigned following Egypt's 25 January uprising. El Waha to boost production
El Waha Petroleum Company (OWAPCO) is currently studying the feasibility to repair some development wells, located in the company's concession area in West Qarun. Sipetrol generates more investments into the Egyptian sector
PetroShahd added up some modifications to the company's 2010-2011 plan in order to keep the volume of its investments in Egypt intact after the political instabilities that the country are going through. GEMPETCO regains production capacity
Gemsa Petroleum Company (GEMPETCO) succeeded to retain its production capacity back to 500 barrels after a four-year shortage. Zaafarana is back to the old field
Zaafarana Oil Company (ZAFCO) prevailed the approval of Egyptian General Petroleum Corporation (EGPC) to go back to the old exploratory field of HB 77-4 in its acquisition area in Gulf of Suez through the current drilling plan of 2010-2011. Iran warships enter Suez Canal, Egypt’s state-run MENA says
Two Iranian warships have begun crossing the Suez Canal as Israel stressed its objection to their planned voyage to Syria. How to trade record oil spreads as Middle East unrest grows
Events in Egypt may have taken a more favorable turn, but the underlying fundamentals are still shaky across much of the Maghreb with tensions rising in several countries. 
