News / Egypt
$1m new investments to develop the gas field of Rashid
Egyptian Ministry of Petroleum Eng. Sameh Fahmy received a report from Eng. Rafaat El-Beltagy, Chairman of Rashid Petroleum Company (Rashpetco), which included that BG allocated $850m for drilling seven developmental wells in the deepwater of the Mediterranean Sea. TransGlobe announces Cdn$75.0 Million Bought-Deal Financing
TransGlobe Energy Corporation announced yesterday that it has entered into an agreement with a syndicate of underwriters under which the members of the syndicate have agreed to purchase for resale Boosting the cooperation with Halliburton
Eng. Sameh Fahmy, Egyptian Minister of Petroleum, received Mr. David Lesar, President and Chief Executive Officer of Halliburton, during his visit to Egypt within the framework of a working tour in the Arab countries which also includes Iraq and Algeria. Maridive receives two new units, six more to follow
Maridive and Oil Services received one new vessel and one new barge and said it would receive another vessel this month, Beltone Financial reported in its daily note. Circle Oil updates Al-Amir SE-7 well in the NW Gemsa Development Lease
Circle Oil has provided an operational update for the Al-Amir SE-7 well which is being drilled in the N W Gemsa Development Lease, Egypt ( Circle: 40% Working Interest). Strong oil prices push Egypt’s Sidpec up 30%
Strong oil prices and an increase in production capacity have buoyed Egypt's Sidi Kerir Petrochemicals (Sidpec). Energean Oil & Gas spuds WKO-1X well in West Kom Ombo
Energean Oil & Gas announced that it has spudded the WKO-1X well in the West Kom Ombo Field Concession, the first of two committed exploration wells for the Second Exploration Period in the concession. Dana Gas: 20% increase in Nile Delta production
Dana Gas announced that its annual production rate for 2010 from its Nile Delta Concessions is an estimated 42,000 barrels of oil equivalent per day (boepd), an increase of 20% on 2009, with production commencing from seven new fields. 
