Oil & Gas News
-
Egypt signs $350 mln in oil, power financing deals with Saudi
Two loan agreements signed on Saturday worth a total of about $100 million will be invested in two electricity stations.
-
BG seeks revival of Egypt LNG business with BP deal
BG is in advanced talks with Israel to import gas supplies into Egypt and this week began similar discussions with Cyprus aimed at restoring output.
-
BG Egypt in talks to import gas from Cyprus
BG Egypt, a subsidiary of global energy company BG held talks on Tuesday to import natural gas from Cyprus, the company said on Wednesday.
-
Egypt's natural gas exports down 86% y-o-y in August
Natural gas exports continue to drop as more production is used to meet Egypt's rising electricity demands.
-
Tamar partners negotiating sale of natural gas to Egyptians
Gas will be delivered via pipeline originally built to transport Egyptian gas to Israel.
-
UAE’s Gulf Capital invests $25m in Egypt’s Amak Petroleum
The investment is expected to help Amak, a firm specialising in providing petroleum services, to fund its growth plans.
-
Egypt repays $350 million debt to British Gas
Egypt's debts to foreign energy firms operating in the country increased after the political turmoil which followed the 2011 revolution.
-
Egypt cuts accumulated oil debt to $4.9bn
The loan was secured from National Bank of Egypt (NBE), Commercial International Bank (CIB), the Arab African Bank and Qatar National Bank (QNB).
-
Egypt pays another $1.5 billion to oil producers
The payment was funded through an EGP 10 billion loan from local banks, arranged by the National Bank of Egypt, the statement said.
-
Can Egypt's crisis help clean energy gain traction?
For several years now, Egypt has struggled with power outages that have bogged down its ailing economy and disrupted daily life.
-
Egypt pays $1.5 bln to foreign energy companies - oil ministry
Egypt has paid $1.5 billion of its debt to foreign energy companies, the oil ministry said in a statement on Thursday.
-
Dana Gas in deal to recover $280m owed by Egypt
A new Gas Production Enhancement Agreement (GPEA) will permit Dana Gas to drill 37 new wells and redevelop existing ones.
-
Egypt aims to pay $2 bln to $3 bln of debt to oil firms by end of 2014 -minister
"We are paying off $1 billion to foreign partners during the next few days," Oil Minister Sherif Ismail told a news conference in Cairo.
-
Egypt's top refinery hopes expansion will revive exports
Egypt has struggled with soaring energy bills caused by high subsidies it provides on fuel for its population of 85 million.
-
UAE's Dana Gas says wins gas concessions in Egypt
United Arab Emirates energy firm Dana Gas said on Monday that it had been awarded concessions for two onshore gas blocks in Egypt.
-
Eni looks past uncertainty in Egypt
The licenses are located in the country’s Western desert, near the Melehia Development Lease and will cover about 794 square miles.
-
Egypt's Natural Gas looks for stability
Egypt’s export decline can be traced to a damaging combination of increasing domestic consumption during the hot summer months.
-
Eni awarded 3 new exploration licenses in Egypt
Italian oil major Eni said on Thursday it had been awarded three new exploration licenses in Egypt as it grows its footprint in Africa.
-
Aminex reports drilling progress in Egypt
Aminex has an effective carried interest of 10% in these wells through its 12.5% shareholding in an associated company, Aminex Petroleum Egypt Ltd.
-
Western energy majors return to Egypt
Egypt has signed energy deals with Western majors as well as Tunisia.