Mediterranean | Egypt Oil & Gas - Part 3

Egypt to Settle $400m Dues to Shell, BG

Shell and British Gas (BG) have reached an agreement with the Egyptian Petroleum Ministry to obtain $400m of their financial dues by the end of June, in exchange for renting a driller and resuming work in the 9B phas ...

ENI Granted Land to Build Gas Processing Plant

Italian energy giant Eni received 400 feddans of land in Port Said governorate to establish a plant for processing natural gas of Zohr field.

GE Mulls $340m Investment in Egypt in 2016

General Electric (GE) plans to invest $340m in the Egyptian market this year, $200m of which will be directed to establish a multi-modal manufacturing and training facility in Suez, GE President and CEO for North Eas ...

Egypt Pushed Mediterranean Bid Round to End of FY

Egypt will offer an international tender for new oil and gas exploration blocks in the Mediterranean and Nile Delta, according to EGAS head Khaled Abdel Badie.

Maridive to Conduct Exploration in Mediterranean

Egyptian firm Maridive & Oil Services S.A.E., Egypt’s largest offshore oil services company, has plans to begin exploring for natural gas in Egyptian territorial waters.

Aphrodite Gas Within Egypt’s Reach Thanks to BG Deal

The energy minister of Cyprus, Yiorgos Lakkotrypis, announced on Monday that a move by British oil and gas company BG International to buy a stake in Cyprus’ offshore mineral deposits was an important step forward fo ...

Egypt Redefines Mediterranean Borders

Ahmed Abdel Halim, petroleum expert in maritime borders, told Egypt Oil & Gas that the ministry of defense had sent a map to the petroleum ministry illustrating all concessions owned by Egypt in the Mediterranean dee ...

Zohr Improves Egypt’s Worldwide Ranking

A source at the Petroleum Ministry told Egypt Oil & Gas that Eni's recent giant gas discovery "Zohr", with 30 tcf of gas reserves, will raise Egypt's worldwide petroleum ranking to 12 instead of 18, reported Egypt Oi ...

EGAS Announces Results of Mediterranean Bid Round

EGAS announced the result of the 2015 international exploration Mediterranean bid round, reported Egypt Oil & Gas.

EGAS and ENI to Discuss Shorouk Development Plan

Eng Khalid Abd alibda, chairman of the Egyptian Natural Gas Holding Company (EGAS), told Egypt Oil & Gas that there is currently a joint working group between EGAS and the Italy's ENI, to review the development plan ...

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