Egypt News

Greece Teams up with Egypt on Gas Supply, Infrastructure

Nov 25, 2021

Greece and Egypt agreed on Thursday to expand their cooperation in the supply of liquefied natural gas (LNG) and examine the possibility of constructing a subsea gas pipeline between the two countries, the Greek energy ministry said.Greece, which mainly imports gas from Algeria…

Israel Looking to Boost Gas Exports to Egypt via New Onshore Pipeline

Oct 21, 2021

Israel is considering the construction of a new onshore pipeline to Egypt in order to quickly boost natural gas exports to its neighbour in the wake of the recent tightening of global supplies, the Israeli energy ministry said.The pipeline,…

QatarEnergy Buys Into Shell's Offshore Blocks in Egyptian Red Sea

Dec 13, 2021

Qatari national oil and gas company QatarEnergy has agreed to buy working interests in two offshore exploration blocks on the Egyptian side of the Red Sea from Shell. QatarEnergy will hold a 17% working interest in Red Sea Blocks 3 and 4.Block…

Egypt: TGS, Schlumberger in Red Sea Seismic Survey Project

Oct 29, 2021

Seismic data firm TGS and oilfield services giant Schlumberger have teamed up in a 3D seismic survey project in the Red Sea, Egypt.TGS said Friday the project would cover around 6,800 square kilometers and would be acquired with long offsets…

Red Sea Survey for PXGEO

Nov 16, 2021

Offshore seismic data acquisition services company PXGEO has said it has won a contract for a survey in the Red Sea, offshore Egypt.PXGEO said the project would start in November 2021. The project will take about four months to complete. The company…

Lebanon-Israel Maritime Border Talks Need to Be Quick, U.S. Mediator Says

Oct 22, 2021

The U.S. mediator for indirect talks on border demarcation between Lebanon and Israel said on Thursday that the negotiations he was hoping to revive should be concluded in a short period if they were to succeed.Amos Hochstein, speaking to Al Hadath TV during a visit to Beirut…

'Supermajor' Taps PGS for 3D Survey Offshore Egypt

Mar 30, 2021

Norwegian marine seismic data company PGS has said it has won a contract for a high-fidelity 3D exploration program by a supermajor offshore Egypt. Without sharing the identity of the client, apart from saying it is a supermajor, PGS said Tuesday…

Cavusoglu: Turkey, Egypt Could Sign Maritime Demarcation Deal

Mar 03, 2021

Turkey and Egypt could negotiate and sign a maritime demarcation deal in the eastern Mediterranean if their ties, which have been strained, allow for such a move, Turkish Foreign Minister Mevlut Cavusoglu said on Wednesday.Ties between them…

Israel to Link Leviathan Offshore Gas Field to Egypt's LNG Plants

Feb 22, 2021

Israel and Egypt have agreed to build a pipeline to connect Israel's offshore Leviathan natural gas field to liquefied natural gas (LNG) terminals in northern Egypt, the Israeli minister said on Sunday.The Palestinians also said they had signed an agreement with Egypt's energy minister…

Egypt: Shell Sells Western Desert Fields to Focus on Offshore Assets

Mar 09, 2021

Oil major Shell has agreed to sell its upstream assets in Egypt’s Western Desert so for US$646 million plus contingent payments, so it can focus on its offshore assets in the country.Shell will sell the Western Desert assets to a consortium…

Petrobel Awards 2-year Extension for Shelf Drilling's Jack-up Rig

Mar 25, 2021

Jack-up drilling contractor Shelf Drilling has been awarded a two-year contract extension for its Trident 16 jack-up drilling rig.The Oslo-listed company said the contract extension was with Egypt's Belayim Petroleum Company (“Petrobel”) for operations in the Gulf of Suez offshore Egypt…

Subsea Pipeline Could Double Israeli Gas Exports to Egypt

Mar 09, 2021

A subsea pipeline that would connect Israel's Leviathan gas field to Egyptian liquefied natural gas (LNG) terminals could double Israel's gas export capacity to Egypt, the Israeli energy minister said on Tuesday.Israel started exporting gas…

Egypt Launches Oil and Gas Bid Round for 24 blocks

Feb 18, 2021

Egypt announced on Thursday the start of a bid round for exploration and exploitation of oil and natural gas in 24 blocks.The round, which concludes on Aug. 1, includes nine blocks in the Mediterranean Sea, 12 in the Western Desert and three in the Gulf of Suez…

TechnipFMC Nets Subsea Tie-back Award in Egypt with Energean-EGPC JV

Feb 17, 2021

AbuQir Petroleum, a joint venture between Energean and Egypt's EGPC, has signed an integrated EPCI contract with offshore services provider TechnipFMC for a subsea tie-back located offshore Egypt. The contract covers the Engineering, Procurement…

Cairn to Sell Interests in UK Offshore Oil Fields for More Than $460M

Mar 09, 2021

London-listed Cairn has agreed to sell its interests in the UK North Sea Catcher and Kraken fields to Waldorf Production Limited for a cash consideration of US$460 million plus additional contingent consideration dependent mainly on oil prices from 2021 to the end of 2025…

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