Egypt | Egypt Oil & Gas - Part 423

Explosion hits gas pipeline in northern Sinai

A pipeline carrying gas from Egypt to Israel and Jordan has been hit by an explosion, officials have said.

TransGlobe Energy acquires operated interest in the South Alamein Concession in Egypt

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 eyes oil and gas deals in Egypt

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.

Naftogaz to pull 600,000 barrels of crude from Egypt in 2011

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.

Natural gas lines from Egypt repaired

Repairs to a valve station damaged in an April attack on natural gas infrastructure in Egypt have been completed, a holding company announced.

Apache to pursue shale oil drilling in Egypt

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 Seeks to Resume Egypt Gas Imports

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 Citadel Capital to delay Taqa Arabia IPO

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.

Jordan, Egypt agree on further cooperation

Jordan and Egypt agreed to strengthen their commercial ties, through turning Jordan into a logistic hub making use of its location, according to Egyptian Cabinet spokesman, Magdi Radi.

Premier Oil Plc: Looking forward to Egypt results

The big news on the horizon at Premier Oil Plc will come out of Egypt.''We continue to look forward to results from the Cherry prospect in 20 to 30 days (4% upside, 0.5% downside),'' says the analyst team.

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