Statoil Strikes New Offshore Exploration Discovery in Block 2 off Tanzania

• Tuesday, 31st March 2015
• by Egypt Oil & Gas

Statoil today announced that the Mdalasini-1 exploration well has resulted in a new natural gas discovery offshore Tanzania.

Power Cuts Due to Mediterranean and Western Desert Maintenance

• Thursday, 26th March 2015
• by Egypt Oil & Gas

Different parts of Egypt spent at least an hour in darkness Wednesday night, arousing fears of recurrent –and almost daily- outages in the upcoming summer as the country has been facing the worst energy crisis over t ...

UAE’s Iran Shah Gas Project to Begin Production this Year

• Wednesday, 25th March 2015
• by Egypt Oil & Gas

The Shah gas project which began operations this year in the United Arab Emirates will achieve full production in the second quarter, earlier than expected

Ukraine Only Dependent on 30% of Natural Gas from Russia, Finance Minister Says

• Tuesday, 24th March 2015
• by Egypt Oil & Gas

Ukraine is currently buying only 30% of natural gas in Russia, Ukraine’s Finance Minister Natalia Yaresko said Friday.

Private Egyptian Customers to Buy $1.2 Billion Worth of Tamar’s Natural Gas

• Wednesday, 18th March 2015
• by Egypt Oil & Gas

A group of private customers in Egypt have agreed to buy at least $1.2 billion of natural gas from Israel's offshore Tamar field via an old pipeline built to send gas to Israel.

Egypt Signs $23.5 Billion Oil, Gas and Mining Agreements at EEDC

• Tuesday, 17th March 2015
• by Egypt Oil & Gas

Several agreements were signed in oil, gas and mining sectors were signed at the recent Economic Summit, under the supervision of Minister of Petroleum Sherif Ismail, according to Summit-organiser Hill+Knowlton.

UAE Based Dana Gas Promised Full Repayment by Egyptian Government by 2016

• Monday, 16th March 2015
• by Egypt Oil & Gas

Dana Gas, an energy firm based in the United Arab Emirates, could recover all of its outstanding arrears from the Egyptian government by next year, its Group Chief Executive Patrick Allman-Ward said.

BP to Invest $12 Billion in Egypt

• Sunday, 15th March 2015
• by Egypt Oil & Gas

British oil company BP (BP.L) finalised on Saturday a $12 billion deal with Egypt to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates in the West Nile Delta.

Eni Signs $5 Billion Agreement for Oil and Gas Development in Egypt

• Sunday, 15th March 2015
• by Egypt Oil & Gas

The Egyptian Minister of Petroleum and Mineral Resources Sherif Ismail and Eni's CEO Claudio Descalzi signed Saturday a Head of Agreement, aiming at the development of the oil and gas resources of the Country while p ...

Europe Losing LNG Imports Due to Increased Egypt Demand

• Sunday, 15th March 2015
• by Egypt Oil & Gas

Europe is likely to attract fewer liquefied natural gas (LNG) shipments than previously expected this summer as Egypt gears up to become the region's top-paying importer, traders said, potentially increasing gas pric ...