News / Egypt
Less traffic of oil & gas tankers in the Suez Canal
The traffic of oil and gas tankers passing through the Suez Canal in April have dropped, compared to the previous number recorded in March, said officials at the Suez Canal Authority. Fahmy: $7.4 billion Egyptian Gas investments
''The Egyptian service companies' total volume of investments reached up to $7.4 billion, thanks to recent contracts signed to hold operations in 14 different countries,'' announced Eng. Sameh Fahmy, the Egyptian Minister of Petroleum. Egypt eyes more BP investments
"The government aims a stimulating BP into more drilling and exploration activities", Dr. Ramadan Abul Ella, Head of Petroleum Department at Suez Canal University told Al Youm Al Sabea newspaper, commenting on the Ministry's new agreement with BP. Sea Dragon spuds Al Baraka #6 Well, Kom Ombo
Sea Dragon Energy Inc. announced that it has spudded Al Baraka #6 well in the Al Baraka Field, Kom Ombo Concession, Egypt. Aegean Energy Farms In to 2nd Exploration License in Egypt
Aegean Energy, the only operator of Oil and Gas in Greece; after obtaining its first international exploration license in Egypt in December 2009 (East Magawish Block in the Gulf of Suez); is pleased to announce a farm in agreement with Groundstar Resources Egypt (Barbados) Limited for a 70% working interest and operatorship of the West Kom Ombo (WKO) Block, located in South Central Dessert of Upper Egypt approximately 100km west of Aswan. Petrojet: first project in Emirates
Eng Sameh Fahmy, the Minister of Petroleum, announced that the ministry is doing its best to give the support to the Egyptian companies in conduct projects outside Egypt. Sea Dragon Pays for 50% Working Interest in Kom Ombo Concession
Sea Dragon Energy Inc. announced that it has now paid Dana Gas Egypt Ltd. the sum of US$28.48 million for its purchase of a fifty (50%) percent participating interest in the Kom Ombo (Block-2) Concession, located approximately 1,000 km south of Cairo on the West Bank of the Nile River (the "Kom Ombo Concession"). North Sinai to drill 6 new wells
North Sinai Co. For Petroleum said that it's preparing to implement the second phase of the new drilling plan in the middle of this year and to finalize it by the end of 2016. 
