Aberdeenshire-based ThinJack has entered into a deal with a Middle East oil and gas company for the removal of multiple well Christmas trees on surface platforms in the Gulf of Suez, Egypt. The deal could be ThinJack’s largest ever agreement in the region…
Just 10 months after the discovery at the Nooros field offshore Egypt, Italian giant Eni has increased production at the field to some 65,000 boe/d. Image from Eni. The milestone…
Italian giant Eni and the Egyptian Government entered into an agreement for three amendments for the IEOC concessions, both onshore and offshore Egypt that will see the Italian giant make an additional investment of more than US$2 billion in the next four years…
Abdel Fattah Al-Sisi, president of Egypt, and Claudio Descalzi, Eni’s chief executive officer, met in Cairo to discuss Eni's activities in the country. Image from Eni. During the meeting…
Eni has laid claim to discovering the largest gas field in Egypt and the Mediterranean Sea and says the field could become one of the world’s largest natural gas finds. The Italian operator says the deepwater Zohr field could hold up to 30 Tcf of lean gas in place (or 5…
Egypt has announced the results of its delayed 2014 exploration bid round. The round sought to find companies to explore 10 areas in the Gulf of Suez, the Eastern Desert, and east and west of the Nile. Six of those area offshore in the south Gulf of Suez…
Representatives of Italian explorer Eni and the Egyptian government gathered in Rome to sign updated Head of Agreement terms, following a new offshore discovery made in the Nile Delta earlier this week. The update says the two will jointly…
The Egyptian General Petroleum Corp. (EGPC) and Italian giant Eni entered into a US$2 billion deal for exploration and development activities offshore Egypt. Image from Egypt Ministry of Petroleum…
BP increased its interest in the US$12 billion West Nile Delta (WND) project in Egypt after partner DEA farmed down its stake. Map of Nile Delta. From DEA. According to DEA, the…
Italian giant Eni is investing an estimated US$5 billion dollars for the development of oil and gas resources in Egypt, including the development of 200 MMbbl and 1.3 TCF of gas. Image from Eni. Egyptian…
Egypt’s bid to pay off its mountain of debt to international oil companies and improve contract terms could create a rush of activity to make up for lost time. Patrick Werr reports. Former chairman of Egypt’s state-owned gas holding company…
Italian giant Eni signed two concession agreements to explore two blocks in the Mediterranean Sea offshore Egypt as part of the 2013 Egyptian General Petroleum Corp. (EGAS) bid round. Image from Eni. Blocks…
Middle East and North Africa focused oil and gas exploration and production firm Circle Oil is the latest to announce it has received a debt repayment from the Egyptian government. The company received US$15 million, as part of the recent…
The Egyptian government has repaid a further US$350 million in outstanding debt to oil and gas firm BG Group. BG Group, one of a number of companies owed cash by the Egyptian government, says it is now owed US$920 million. In October…
BG Group has confirmed it has received a US$350 million debt repayment from the Egyptian government, reducing BG Group's domestic receivables balance in Egypt to around $1.2 billion. Egypt announced Friday it had paid off $1.5 billion of its debt to foreign oil and gas companies…
