News / Egypt

Plexus Holdings Secures HP/HT Contract With BG Egypt

Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, has agreed a contract with BG International Limited (Egypt Branch - 'BG Egypt'), a division of BG Group plc, to supply its POS-GRIP High Pressure High Temperature ('HP/HT') wellhead system for exploration activities offshore Egypt on its Notus well.

Circle Oil Provides Egypt Operating Update

Circle Oil Plc, the AIM listed international oil and gas exploration, development and production company, announces an update regarding the Geyad-3 appraisal-development well together with details on the future development of the NW Gemsa Concession.

Israel rejects amendments to price of Egyptian gas

Egypt's Minister of Petroleum, Abdallah Ghorab, has highlighted a difficulty in the negotiations due to start within days to amend the prices for the country's natural gas exports to Israel.

Naftogaz to pull 600,000 barrels of crude from Egypt in 2011

Ukraine's national oil and gas company Naftogaz Ukrayiny plans to produce about 600,000 barrels of crude oil from deposits in Egypt in 2011, Naftogaz said in a statement Wednesday.

Egypt tells Jordan no gas without price hike

Egypt is withholding its contracted gas supply to energy-poor Jordan unless a new deal is signed at a higher price, a Jordanian official said.

Natural gas lines from Egypt repaired

Repairs to a valve station damaged in an April attack on natural gas infrastructure in Egypt have been completed, a holding company announced.

Apache to pursue shale oil drilling in Egypt

Apache Corp plans to explore deeply buried rock formations, including shales, in Egypt's Western Desert for oil and natural gas beginning later this year, the head of the company's Egyptian unit said.

BMI: Egypt could increase gas export by 27%

Egypt has a great potential for exporting gas and could increase its production up to 27.66 percent over the next 10 years, said a report by the Business Monitor International (BMI).

IDM to lure more investments

Though being new in the Egyptian Petroleum sector, the International Drilling Material Manufacturing Co (IDM) for Casing and Tubing, fulfilled requests from top companies, such as Qarun, Agiba, Badr El-Din and the General Petroleum Company to provide drilling equipments over the past three months.

Sea Dragon acquires 10% in the Red Sea

Sea Dragon acquired 10% from the share of Al Amir Petroleum Company's concession in the Red Sea.

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