News / Egypt
French State “to decide Suez-Gaz de France merger”
The French state is responsible for making the decision whether or not the planned merger between Suez and state-controlled Gaz de France (GdF) can go ahead, Suez boss Gerard Mestrallet said. Major Egyptian contract win signifies international growth for WTR
Aberdeen-based WTR, who provide engineered composite pipe repair services to the oil and gas industry, as well as water, defense, power and other industrial sectors, has secured a major contract win with GUPCO (The Gulf of Suez Petroleum Company) worth a seven figure sum. Melrose Resources provides drilling update in Egypt
Melrose Resources plc provides an update on the results of its continuing drilling program in Egypt. After establishing the down-dip limits of the field on the western flank of the field, the West Khilala No.6 well was sidetracked to a location 30ft up-dip of the original well. Rally achieves its first oil production from West Issaran
Rally Energy Corp. announced a new dual zone heavy oil discovery on a separate structure with the drilling of its West Issaran-1 exploratory well, located approximately three kilometers from the existing Issaran Field, reported Rigzone. Egypt-Palestine to initiate more oil and gas joint cooperation
Eng. Sameh Fahmy, Minister of Petroleum held talks with Dr. Omar Katana, Chief of the Energy and Natural Resources Authority of the Palestinian Authority, in which they discussed promoting mutual cooperation in the field of Oil and Gas industry along with benefiting the Palestinian side of the Egyptian Expertise, particularly in the natural gas industry. Velosi Wins Contracts in Egypt
Velosi Limited has been awarded a two-year contract, with an option to extend a further year, with Gulf of Suez Petroleum Company to service BP in Egypt. DANA GAS and KIOEC to partner exploration block in Egypt
Dana Gas, the Middle East’s first regional private-sector natural gas company, announced that it has signed a farm out agreement with Kuwait International Oil & Environment Company (KIOEC), a subsidiary of TAQAT Holding and Gulf Oil Investments, to participate with a 50% working interest in Dana Gas’ Komombo Concession, located in the Western Desert, Upper Egypt and approximately 800 Km south of Cairo. ONGC to buy 33% stake in Egypt block from Shell
Indian state-run explorer Oil and Natural Gas Corp (ONGC) is firming up a proposal to buy approximately 33% in an Egyptian deepwater gas block from Royal Dutch Shell. 
