Mediterranean | Egypt Oil & Gas - Part 2

Egypt to Drill Two New Gas Wells in North Damietta

The Ministry of Petroleum and Mineral Resources is preparing to drill two new wells in the Mediterranean fields of Atoll and Katameya in the North Damietta offshore concession with about $289 million in investment ...

Total to Pump Investments in Egypt

French energy giant Total looks to increase its exploration and production (E&P) activities in the West Mediterranean and the Red Sea, as well as raising its overall investments in Egypt.

Ministry of Petroleum to Launch Bid Rounds in West Mediterranean

The Ministry of Petroleum and Mineral Resources is planning to launch a new bid round in Q3 2019 for natural gas exploration in the West Mediterranean region.

Edison Dissipates Rumors and Confirms Commitment to Egyptian Projects in 2019

Edison announced its commitment to Egypt and its East Mediterranean concessions as it will pursue and fulfill its exploration campaign in 2019.

Noor Gas Field Update: Oil Ministry Spokesperson Confirms August Exploration Drilling

Eni will start exploration drilling at Noor field off North Sinai shore within two months.

Mubadala Petroleum Buys 10% Shorouk Stake for $1B

Eni has sold a 10% stake in Egypt's Shorouk offshore concession to Mubadala Petroleum for more than $1 billion.

Egypt, Cyprus Explore Opportunities for Cooperation

Egyptian and Cypriot officials met to discuss hydrocarbon cooperation

IOCs to Step up Investments in Egypt

Major international oil companies (IOCs) said they plan to step up their investments in Egypt.

Egypt and Russia to Sign Nuclear Agreement

Russia and Egypt will sign main contracts for construction of Dabaa Nuclear Power Plant (NPP) in 2017.

Egypt Paid $650m to Eni

Egypt paid $630m in financial obligation to Italian oil and gas company Eni in January to develop the giant Zohr field off the Mediterranean coast.

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