gas | Egypt Oil & Gas - Part 25
Cyprus to Hold 3rd Gas Exploration Licenses Round
The government of Cyprus announced that it would push ahead with a third licensing round to search for potential natural gas deposits in its Exclusive Economic Zone (EEZ).
EGAS Decreases Gas Imports by 7%
The Egyptian Natural Gas Holding Company (EGAS) decreased the volume of imported gas by approximately 7%, to reach 650 mcfd compared to 700 mcfd in January.
Qatar Purchases Stake in Morocco Offhore Contracts
The Qatari state oil company, Qatar Petroleum, has reached a deal with Chevron to acquire 30% of its stake in offshore drilling areas in Morocco. Irish oil company Circle Oil has announced a new customer for its gas ...
US Gas Firm Anadarko Cuts Capital Expenditure by 50% in 2016
The third-largest US natural gas producer, Anadarko Petroleum Corp., cut its spending plans by almost 50% to $2.8b in 2016, after recording a net loss of $1.25b in Q4 of the last year.
Explosion in Damietta Pipeline
An explosion in a 180km pipeline linking Damietta and Port Said caused a massive fire in the city of Damietta. The blast had no casualties, nor has it affected gas supply to homes, Ahram Online reported.
Sound Energy Takes Majority Share of Morocco Gas Field
Sound Energy has agreed to buy 75% of the Sidi Moktar onshore gas field in Morocco.
New Promotions in the Petroleum Sector
The Minister of Petroleum and Mineral Resources, Tarek El Molla, approved the following list of transfers and promotions for the heads of state companies in the petroleum sector. Correction: Egypt to Produce 26 Tcf from Zohr
Eni's mega gas discovery in Egypt's Mediterranean area, Zohr, is expected to produce 26 tcf.
