News / Egypt

BG: more investments in Egypt

"Egypt's oil and gas sector is full of many promising investment opportunities, which is one of the most important factors for attracting international companies," said the Egyptian Minister of Petroleum, Eng. Sameh Fahmy.

Halliburton eyeing Weatherford

The rumor is out there but yet with no confirmation! Halliburton may have reasons to be eyeing Weatherford International Inc.

Maridive eyes more investments with Enpi and Total

Strong reports indicate that Maridive is searching for investment opportunities in the West African regions and targeting increasing its business volume in North Africa as it offered new marine unit for rent in Libya for the coming two years.

Egypt: Union Fenosa might need to import

The Egyptian government told Union Fenosa, the Spanish-Italian company involved in the liquefaction of natural gas, to consider importing gas from abroad to meet the needs of the Damietta liquefaction unit located on the Egyptian Mediterranean coast, after the company suffered from a set back in its supplies from the gas national network during the first half of the fiscal year 2009/2010.

An appeal agrees on exporting Egyptian gas to Israel with conditions

The Higher Administrative Court gave the Egyptian government legal clearance to allow natural gas exports to Israel yesterday, cancelling a lower court's previous verdict to stop exports.

Egypt eyeing more British investments

Dominic Asquith, Britain's ambassador in Cairo, said that his country's investments in Egypt are estimated over than $20 billion, flowing into the Egyptian market through British companies operating in the energy sector such as BG and Shell.

DANA’s exploration drilling updates

DANA PETROLEUM PLC spudded the Bamboo well (Dana 50%) in the West El Burullus concession, offshore Nile Delta, Egypt on 19th February 2010. This drilling follows on from the recent success at Papyrus, which was the second gas field discovered in this concession by Dana and its partner Gaz de France with their first two wells.

Melrose Resources meets 2009 production expectations

Melrose Resources stated today that it met its production expectations for 2009, driven by the successful fast-track expansion of recent Egyptian discoveries.

Abdllah Ghorab leads EGPC

The Ministry of petroleum witnessed shocking movements yesterday. Eng. Abdllah Ghorab was promoted as the president of the Egyptian General Petroleum Corporation (EGPC) instead of Eng. Abdel Aleem Taha.

A joint-venture to be established between EGPC and Naftogaz

Fields Development Company (FDC) will start operating in the HG34-3 well of the Ukrainian Company Naftogaz. FDC will provide the needed services to set the well on the early production system, it will also supply the block with "Site preparation for Early Production Facilities and The Early Production provision."

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