Rosneft To Buy 30% Stake In Giant Zohr Gas Field
Russia’s oil giant Rosneft has closed the deal to buy from Italy’s Eni a 30-percent stake in the offshore concession in Egypt where the giant Zohr gas field is located, Continue Reading
Egyptian Company to Develop Mature Oil Fields With Mexico’s Pemex
State oil company Pemex’s effort to secure a partner for two shallow-water fields in the Gulf of Mexico fell flat as none of the registered companies presented bids. Cheiron, part Continue Reading
Egyptian Company to Develop Mature Oil Fields With Mexico’s Pemex
State oil company Pemex’s effort to secure a partner for two shallow-water fields in the Gulf of Mexico fell flat as none of the registered companies presented bids. Cheiron, part Continue Reading
Baker Hughes gets in on Egyptian natural gas bonanza
A contract to provide services for the giant Zohr natural gas field off the Egyptian coast is a win-win for its economy and our business, Baker Hughes said. Drilling services Continue Reading
Egypt muscling in on global gas production
Baker Hughes, a GE company, announced September 9, 2017 a major subsea contract from Petrobel for phase two of the “supergiant” Zohr Gas Field situated in the Mediterranean Sea, off Continue Reading
Is Egyptian Oil Set For A Rebound?
This week Egypt signed three major exploration deals with oil giants Royal Dutch Shell and Apex worth at least $81.4 million. The hefty international contracts will kickstart a large-scale oil Continue Reading
Egypt Sets Sights on Doubling Natural Gas Output by 2020
Three recently discovered major gas fields are expected to raise Egypt’s natural gas output by 50 percent in 2018 and 100 percent in 2020, the petroleum ministry said. “The fields Continue Reading
At least 23 Egyptian soldiers killed in deadliest Sinai attack in years
At least 23 Egyptian soldiers were killed when two suicide car bombs tore through military checkpoints in North Sinai province on Friday, security sources said, in one of the bloodiest Continue Reading
East Libya forces say they’ve taken full control of Benghazi
Libyan forces in the country’s east say they have cleared the final remaining pockets of the city of Benghazi of Islamist militiamen and armed opponents. The head of the self-styled Continue Reading
Rosneft aims to export Egyptian natural gas
Russian energy company Rosneft is expected to start exporting natural gas from an Egyptian field considered to be among the world’s largest. Eni made its initial gas discovery in the Continue Reading