Spectrum's Egyptian joint venture, Spectrum-Geopex has completed the first phase of a significant computer systems upgrade at its seismic data processing centre in Nasr City, Cairo that will quadruple its seismic processing capacity.
The Egyptian Petroleum Minister Eng. Sameh Fahmy said that in spite of the global financial meltdown, the oil sector succeeded to be a magnet for investments of major international companies seeking the exploration and development of the country’s oil and gas fields.
Egypt's East Mediterranean Gas Co. (EMG) has increased the flow of gas to the Israel Electric Corporation (IEC) to 1.5-1.6 billion cubic meters of gas per year.
Saipem UK Ltd, Sonsub Division has been awarded a third extension to the existing contract with Burullus Gas Company S.A.E. for field support work in the Egyptian sector of the Mediterranean Sea.
Europa Oil & Gas announced that the Egyptian General Petroleum Corporation ("EGPC") has granted Europa a six month extension on the first phase of the West Darag Concession in order to permit the acquisition of approximately 350km of 2D seismic data prior to making the decision to enter into Phase 2 of the Concession.
A joint venture between Apache Corp. and state-run Egyptian General Petroleum Corp., Khalda Petroleum Company made an oil find in the South Umbarka concession in Egypt's Western Desert, reports Reuters, citing a statement by Egypt's Oil Ministry.
Anglo-Dutch supermajor Shell wants to become an exporter of liquefied natural gas from Egypt using gas from offshore discoveries, the chairman of the company's Egypt unit said.
United Arab Emirates-based Dana Gas is celebrating its fourth discovery in Egypt this year, hitting gas with the Tulip-1 well, drilled in the Nile Delta play.
Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG) and the Egyptian Ministry of Oil have signed a contract on the exploration and development of oil deposits in the Bahariya block in the Western Desert.