News / Egypt
Circle Oil Sees Increase in 2011 Recoverable Resources
Circle Oil announced the 2011 update to Ultimate Recoverable Resources (''URR'')1 for the NW Gemsa Concession, Egypt, and the Sebou Permit, Morocco, which indicates a significant increase over the 2010 URR estimates for both permits. Saipem awarded new E&C Offshore contracts worth in excess of $1 billion
Saipem has been awarded new E&C Offshore contracts in Egypt, in the North Sea and in Russia, worth in excess of $1 billion. Egypt Resumes Gas Supplies To Israel, Jordan
Egypt has resumed its gas supplies to Israel and Jordan after a 45-day gap caused by an attack on a pipeline in the Egyptian side of the Sinai desert, Egyptian officials said. Egypt’s Maridive sees strong 1Q2011 revenues, but reduced profitability
Egyptian oil support provider Maridive saw profits grow 19 per cent year-on-year for the first quarter of 2011 but still sparked concern about the company's dip in profitability. Eni renews its commitment to Egypt
The Egyptian Minister of Petroleum Abdallah Ghorab and Eni COO Claudio Descalzi met in Cairo to support the renewed commitment of Eni towards exploration and development activities in Egypt, highlighting the importance of such commitment for both Egpc and Eni. Kuwait Energy announces two new oil discoveries in East Ras Qattara in Egypt
Kuwait Energy Company (Kuwait Energy), one of the fastest growing independent oil and gas exploration and production companies in the Middle East, announced two new oil discoveries in the East Ras Qattara (ERQ) concession located in Egypt's Western Desert, bringing the company's total number of discoveries in Egypt, since 2008, to 11. Russia, Qatar Face Pressure to Scrap Gas Link to Oil Prices as Crude Jumps
Russia and Qatar are under growing pressure from Europe's biggest utilities to scrap a 40-year-old system that links natural-gas prices to oil after Brent crude's 23 percent surge this year. Egypt reviews re-start of gas exports to Israel
Egypt is reviewing the timetable for resuming gas exports to Israel and wants to negotiate more flexible contracts with foreign gas buyers, the Egyptian oil minister said. 
