Egypt News

Israel-Egypt Gas Pipeline Unaffected by Reported Attacks, Delek says

Feb 03, 2020

Israel's Delek has dismissed reports that the gas pipeline carrying gas from the Leviathan offshore field to Egypt has been affected by a reported terrorist attack in Egypt.Al Jazeera on Monday reported that a group of attackers had blown up a gas pipeline in Egypt's Sinai Peninsula…

Five Oil Majors Sign Offshore Exploration Deals in Egypt

Feb 17, 2020

Egypt has reached initial agreements with five major energy firms to explore for oil and gas in deep waters off its western coast on the Mediterranean, the petroleum minister said, the first such deals in that offshore region. The five companies are Royal Dutch Shell…

Leviathan Group Seeking FLNG Partner

Feb 12, 2020

The energy companies that own Israel's offshore Leviathan gas field are seeking partners to build a floating liquefied natural gas (FLNG) platform and possibly to explore for oil in ultra-deepwater, a CEO from the group said. Leviathan, one…

Delek Expects Leviathan Expansion FID in 2020

Feb 03, 2020

Israel's Delek Drilling expects a final investment decision this year on expanding exports from the Leviathan gas field using either an LNG facility in Egypt or a floating terminal, its CEO said on Monday. The offshore Leviathan project came…

Energean Excludes Algeria from Edison E&P Buy

Jan 29, 2020

Algeria has definitely been excluded from Energean's pending acquisition of Edison E&P.The Greek oil and gas company in July last year agreed to buy Italy-based Edison's oil and gas subsidiary Edison Exploration & Production for an initial consideration of $750 million…

ExxonMobil Acquires Exploration Acreage Offshore Egypt

Dec 30, 2019

ExxonMobil said on Monday it acquired more than 1.7 million acres for exploration offshore Egypt.The acquisition includes acreage in the 1.2 million North Marakia Offshore block, which is located approximately five miles offshore Egypt’s northern coast in the Herodotus basin…

Egypt Awards Red Sea Acreage

Dec 30, 2019

Egypt said on Sunday that it awarded oil and gas exploration concessions in the Red Sea to Chevron, Royal Dutch Shell and Mubadala in an international tender.Chevron was awarded the first block, Shell a second block, and a third block was awarded…

Zarubezhneft Enters Egypt Offshore Blocks

Dec 26, 2019

Russian oil company Zarubezhneft said it has signed a Production Sharing Agreement with the Ministry of Oil and Mineral Resources of Egypt, the Egyptian state holding oil company GANOPE and Pacific Oil Limited, for the South East Ras El Ush (SEREU) and East Gebel El Zeit (EGZ) blocks offshore Egypt…

Africa Looks Forward to More Productive 2020

Jan 02, 2020

As the New Year kicks off this week, some of Africa’s oil and gas producers are looking forward to fast-tracking approved offshore exploration plans to counter falling production volumes and meet the increasing demand especially for natural…

Leviathan Delivers First Gas

Dec 31, 2019

Israel's $3.6 billion offshore Leviathan field started production on Tuesday, paving the way for multi-billion dollar gas export deals with Egypt and Jordan in the coming weeks.Natural gas began flowing from Israel's largest field despite regulatory…

BP Contracts Maersk Rig for Trinidad Campaign

Dec 17, 2019

Maersk Drilling informs it has secured a three-well contract for the semi-submersible rig Maersk Discoverer with BP for development drilling at the Matapal project offshore Trinidad and Tobago.The contract has an estimated duration of 322 days and is expected to commence in July 2020…

Ongoing Reform Lifts Egypt Offshore

Oct 25, 2019

The bounce back of Egypt’s upstream operations continues to gain momentum, attracting additional offshore-focused investments and transactions with latest reports indicating Dubai-based oil and gas company Dragon Oil has received the nod to…

LOC Group Wins BP Contract

Nov 07, 2019

LOC Group, a provider of services to the offshore oil and gas industry, announced it has become the third-party provider for marine assurance and inspection with BP Egypt.LOC Egypt has been awarded a two-year marine assurance and inspection contract by BP Egypt…

Leviathan Gas Exports Expected by Month's End

Dec 02, 2019

Israel's largest offshore natural gas field, Leviathan, will begin supplying the local market by the end of this month, with exports to Egypt and Jordan following shortly after, an official from the field's operator said on Monday.'Within 2-3 weeks we will open the wells and start to supply the gas…

Shell Aims to Operate Egypt Concessions in 2020

Oct 17, 2019

Royal Dutch Shell is aiming to start operating in its concession areas in Egypt in the second half of 2020, a senior executive said.Shell won three oil and two gas concessions in Egypt in February.Eni, BP and ExxonMobil also won some of a total…

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