Houthis Seek Control of Strategic Strait

• Monday, 9th February 2015
• by Egypt Oil & Gas

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 o...

Magseis to Conduct Geological Surveys in Saudi Red Sea

• Monday, 9th February 2015
• by Egypt Oil & Gas

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. Magsei...

Aramco Red Sea Reversal

• Tuesday, 3rd February 2015
• by Egypt Oil & Gas

Saudi Aramco has slowed down Red Sea drilling activities as low crude oil prices make deepwater exploration less commercially attractive. The cost of offshore operations amounts to $1.0 million according to sources sp...

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

• Wednesday, 31st July 2013
• by Egypt Oil & Gas

The Petroleum and Natural Gas Ministry has conveyed to the Ministry of External Affairs (MEA) that the Indian consortium comprising Gujarat State Petroleum Corporation (GSPC), Hindustan Petroleum Corporation Limited (...

Aramco to explore for oil in Red Sea

• Thursday, 8th March 2012
• by Egypt Oil & Gas

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. The effort is ...