Natural Gas | Egypt Oil & Gas - Part 104
BP Announces Second Major Natural Gas Discovery in Egypt’s East Mediterranean
PRESS RELEASE, BP Egypt announced today another important gas discovery in the North Damietta Offshore Concession in the East Nile Delta. The “Atoll-1” deepwater exploration well, currently being drilled using the 6th...
US Hedge Funds Quacking Under Strained Oil, Gas Markets
Hedge funds cut bets on rising oil prices at the fastest pace since December 2012 as U.S. inventories expanded to the highest in more than three decades. Speculators pared their net-long position in West Texas Interme...
Egypt to Halt LNG Imports by 2020: Sherif Ismail
Egypt hopes to halt liquefied natural gas imports in 2020, Oil Minister Sherif Ismail said on Monday, as projects to develop its own gas fields are completed. The Arab world’s most populous nation is struggling ...
EGAS Announces New Bid Round
EGAS announced a new international bid round for 2015 for 8 Blocks in the Mediterranean Sea with a total area of 11,849 km2. The blocks offered as part of the bid round are: Block 1 West Arish Marine; Block 2 East Por...
Eni to Increase Investments in Egypt
President Abdel Fatah al-Sisi met Saturday with Chief Executive Officer of Italian oil producer Eni, Claudio Descalzi, who announced that his company intends to increase its investments in Egypt in the coming period. ...
Sameh Fahmy Acquitted from Corruption Charges
An Egyptian court has cleared former petroleum minister Sameh Fahmi of corruption charges linked to a highly controversial gas deal with Israel, a judicial source said on Saturday. Five other former ministry official ...
Jordan, Egypt to Potentially Receive Gas from Proposed Iraqi Pipeline
The Jordanian Minister of Energy and Mineral Resources, Mohamed Hamed, unveiled his country’s determination, Egypt and Iraq to extend a gas pipeline from Iraq to Jordan, to provide his country and Egypt with a p...
South Africa To Build Infrastructure for Gas Imports
South Africa plans to build the infrastructure to import natural gas to supply electric turbines as the country deals with a shortage of power, the Department of Energy said. “We have very limited gas infrastructure” ...
