exploration and production | Egypt Oil & Gas - Part 4

Oil Ministry Signs Three Exploration Agreements Worth $139.2M

Oil minister Tarek El Molla has signed three new exploration contracts to drill 15 wells in the Mediterranean and the Western Desert with an investment budget of $139.2 million and a $55 million signing grant.

Oil Ministry Signs Three Exploration Agreements

The Ministry of Petroleum signed three new agreements for oil and natural gas exploration in the northern Sinai Peninsula and the Gulf of Suez on July 11.

Japan Ambassador Discusses Collaboration with Egypt Oil Sector

Petroleum minister Tarek El Molla discussed Toyota's contribution to the Suez refining and petrochemical complex and the Assiut mazut refinery with the Japanese ambassador to Cairo, Takehiro Kagawa.

Iran to Start Global Tenders

Iran will invite foreign companies to bid for oil and gas projects in the country's first round of tenders since sanctions were lifted in January.

Rising Oil Prices Add Pressure to Shell-BG Deal

Rising oil prices are putting Royal Dutch Shell under pressure to execute its landmark $70 billion deal to buy rival BG as soon as possible before investors in BG start to take a more critical look at the terms.

Bank Oil Swap Gives Goudron Go Ahead to Update Field Development Plan

LGO Energy has announced that its wholly owned subsidiary, Goudron E&P Limited, has now drawn an initial $11.78 million from the $25 million pre-paid oil swap facility agreement with BNP Paribas to fully fund the pla ...

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