Shareholders of East Mediterranean Gas Co. will take legal action against Egypt, seeking more than $8 billion in damages for interruptions in natural gas supply through a cross-border pipeline, a company official said.
Natural-gas supplies from Egypt to Jordan will resume by the end of the week, following an explosion at a pipeline in the Sinai peninsula that halted the flow, the Cairo-based newspaper al-Ahram reported, citing Egyp ...
TransGlobe Energy Corporation announces the signing of a Sale and Purchase Agreement to acquire a 50% operated working interest in the South Alamein Concession in the Arab Republic of Egypt from Cepsa Egypt SA B.V.
Petroceltic is eyeing oil and gas deals in Egypt and Tunisia to take advantage of a funding gap brought about by unrest in the North African region, said its chief executive.
Ukraine's national oil and gas company Naftogaz Ukrayiny plans to produce about 600,000 barrels of crude oil from deposits in Egypt in 2011, Naftogaz said in a statement Wednesday.
Apache Corp plans to explore deeply buried rock formations, including shales, in Egypt's Western Desert for oil and natural gas beginning later this year, the head of the company's Egyptian unit said.
Lebanon's caretaker Prime Minister Saad Hariri will discuss the resumption of natural-gas imports from Egypt during talks in Cairo, according to Mohammad Shatah, his economic adviser.
Egypt's Citadel Capital has postponed plans for the initial public offering (IPO) of its electricity and natural gas distributor Taqa Arabia because of lower valuation prospects, according to a senior executive.