Red Sea | Egypt Oil & Gas - Part 6

500 Meter Oil Spill in Red Sea

An oil spillage of about 500 meters in circumference has been spotted Saturday in the Red Sea’s northernmost city of Ras Gharib, Egypt.

Houthis Seek Control of Strategic Strait

Attention is increasingly fixed on the Houthis’ advance in Yemen. Since last summer, the rebel group has laid siege to the capital Sanaa. Last month, they seized the presidential palace. This past weekend, they took ...

Magseis to Conduct Geological Surveys in Saudi Red Sea

Saudi Arabian Oil Co., the world’s largest crude exporter, is pressing ahead with a project to produce natural gas from the Red Sea by pursuing a geological survey of the area, according to Norway’s Magseis AS.

Aramco Red Sea Reversal

Saudi Aramco is postponing its Red Sea deepwater exploration plans due to its high cost amid a low crude price environment, according to a report

Indian companies decline to sign PSC for offshore concessions in Gulf of Suez and Red Sea

The Petroleum Ministry has conveyed to the Ministry of External Affairs that the Indian consortium comprising Gujarat State Petroleum Corporation (GSPC), Hindustan Petroleum Corporation Limited (HPCL) and Oil India L ...

Aramco to explore for oil in Red Sea

Saudi Arabia is beginning an oil exploration push that it says is expected to turn up 100 billion barrels of new oil in existing fields in the Kingdom and in unexplored regions including in the Red Sea.

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