Deep Water
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MoP, Shell Egypt Sign Agreement for Oil, Gas Exploration in Red Sea
Wednesday, 20th January 2021
The Minster of Petroleum and Mineral Resources, Tarek El Molla, signed an agreement with Shell Egypt for oil and natural gas exploration in concession area (4) in the Red Sea deep water.
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Shell Egypt signs Two PSCs for Blocks in Red Sea, Mediterranean
Sunday, 3rd January 2021
Shell Egypt has announced it signed production sharing contracts (PSCs) in the offshore and deep-water concession of the Red Sea at Block 3 with distance of 3,097 Km² and in the offshore North Kanayes of Herodotus Basin in the West Mediterranean concession by 30% share. The contracts are shared with Total company, the main operator of the project, by 35%, KUFPEC limited by 25% and Tharwa Petroleum company by 10% at distance of 4,445 Km².
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Petrojet to Manufacture LNG Equipment in Mozambique
Sunday, 17th May 2020
Petrojet was assigned to assist Baker Hughes in manufacturing and supplying seven deep-water equipment of 700 tons for a liquefied natural gas (LNG) project in Mozambique.
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Total to Approve New Global Investments
Friday, 10th February 2017
Total intends to make final investment decision on 10 oil and gas production projects in the next 18 months in various countries including Nigeria, Angola. -
India’s ONGC Plans $5b Deep Water Investment
Monday, 14th March 2016
India's Oil and Natural Gas Corporation (ONGC) will invest around $5b to develop a major gas asset in the eastern Krishna Godavari (KG) basin, with a higher resulting level of output so that it will become the company's second biggest hydrocarbon asset in the country. -
Shell Adds Ultra Deep Water Facility to Gulf of Mexico
Monday, 16th November 2015
Royal Dutch Shell’s newest oil-production vessel, named the Turritella, set sail from Singapore this week for the world’s deepest underwater oil field, located in the Gulf of Mexico -
New Technology to Reach Depths of Gulf of Mexico
Thursday, 7th May 2015
Baker Hughes may have just solved one of the major problems facing oil and gas development in the Gulf of Mexico. -
New Developmental Well by Rashpetco in the Mediterranean
Sunday, 27th May 2012
Rashid Petroleum Company (Rashpetco) has successfully completed drilling a new developmental well in West Delta Deep Marine concession, in the context of its development plan for the 2011-2012 fiscal year.
Latest News
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Egypt Plans to Achieve Diversity in Clean Energy Resources by 2025: El Molla
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GUPCO to Invest $562 MM in FY 2020/21
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El Molla reviews plan of Natural Gas Delivery to 1.2 MM Households
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Egypt Launches First Natural Gas Stations App
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 60.81 | -0.77% |
Crude Oil (Brent) Brent | USD/bbl | 63.72 | -0.55% |
NYMEX Natural Gas | USD/MMBtu | 2.80 | -0.46% |
OPEC Basket Price | USD/bbl | 61.97 | -3.53% |
Last Modified March 4, 2021