Dana Gas Reports 85% Drop in Profit from Year Earlier
The UAE-based Dana Gas announced an 85% drop in profit compared to last year,
Egypt Launches Tenders for 500MW of Renewable Energy Projects
The Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) have announced three new tenders for renewable energy totaling 500MW,
Egypt Sees Highest Electricity Usage Ever
The Ministry of Electricity and Renewable Energy announced that it observed electricity consumption of over 29,000MW, the highest ever recorded,
UPDATE: BW Gas Finalizes Deal to Provide Egypt with Second FRSU
UPDATE: On Monday, EGAS Chairman Khaled Abdel Badie and BW Gas CEO Carsten Mortensen signed the contract for Egypt's second FRSU, the Cairo Post
Croatian Oil Services Worker Reportedly Beheaded By ISIS
Tomislav Salopek, a Croatian man employed by French petroleum geosciences firm CGC has reportedly been beheaded by ISIS-affiliated militants in Egypt’s Sinai peninsula, the Independent
Bapetco Increases Production to 132,600 B/D, Adds 5M in Oil Reserves
The chairman of Badr El Din Petroleum Company (Bapetco), a joint venture between the EGPC and Royal Dutch Shell, recently announced the addition of exploratory well Bed3C6-1 to production, Daily News Egypt
Sea Dragon Producing a 1000 Barrels from its Petroamir Concession
Ahmad Farid Moazz, general manager of the Canadian oil exploration company Sea Dragon operating in Egypt, confirmed that the company’s total production is currently at 1,000 b/d.
Sisi: Egypt is Committed to Paying Off Debt to IOCs
Egyptian President Abdel Fattah al-Sisi said that his government is "committed" to paying up debts to oil and gas companies "operating on its soil," reported Aswat Masreya.
Russia, Egypt to Sign Deal for 2nd Nuclear Power Plant
Russian Prime Minister Dmitry Medvedev announced during an interview with Ahram Online that a deal for the construction of a second nuclear power plant in Egypt is about to be finalized.
