Egypt Inks Oil & Gas Exploration Deals
Egyptian Oil Minister Tarek El Molla has signed three oil and gas exploration deals for 16 new fields in the Western Desert worth at least $81.4 million in total with Royal Dutch Shell and the U.S.-based Apex International Energy. The…
US Set to Become Energy Exporter by 2026 -EIA
The United States is projected to become a net energy exporter over the next decade due to rising natural gas exports and falling petroleum product imports, the U.S. Energy Information Administration said on Thursday. While the United States has been a net energy importer since 1953…
Egypt to Launch New Oil Exploration Round Next Week
Egypt plans to launch a new oil exploration round next week, offering 11 blocks in the Western desert and the Gulf of Suez, Petroleum Minister Tarek al-Molla said on Tuesday. He said that Egypt also plans to launch two gas exploration rounds this year.
Egypt Extends Med Gas Exploration Tender
Egypt has extended its tender for natural gas exploration in the Mediterranean Sea by two months with the addition of four new blocks, the state gas board said on Tuesday, as the country seeks to boost domestic energy production. The…
Egypt Plans Smart Card System for Fuel from Mid-June
Egypt will begin rolling out a smart card system for subsidised fuel from June 15, the head of the firm overseeing the project said, part of plans to reduce costly energy subsidies over time. Fuel subsidies have long weighed on Egypt's…
BP Inks $12 Bln Energy Deal in Egypt
British oil company BP (BP.L) finalised on Saturday a $12 billion deal with Egypt to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates in the West Nile Delta. The supply deal, signed at an international investment conference in the Sharm El-Sheikh resort…
BP, Partners Investing in Egypt Gas Deal
British oil company BP expects to invest around $12 billion with its partners as part of a finalised West Nile Delta concession deal to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates. The supply…
Indonesia’s Economic Success Hinges on Energy Investments
New IEA review of country’s energy policies lauds phase-out of gasoline subsidies as key first reform. Indonesia is enhancing the governance and transparency of its energy institutions and state-owned companies, reducing fuel subsidies…
Egypt Signs 6 New O&G Exploration Deals
Egypt has signed six new oil and gas exploration contracts worth hundreds of millions of dollars with foreign and Egyptian companies, the oil ministry said on Friday. The agreements provide for the drilling of some 41 discovery wells in the western desert and Gulf of Suez…
EGAS Tenders for as many as 48 LNG Cargoes
Egypt's state-owned gas company EGAS has tendered to buy at least 48 cargoes of liquefied natural gas (LNG) for delivery in 2015/16, three traders said. A senior official at EGAS confirmed that there was a tender for multiple LNG cargoes during Egypt's 2015/16 financial year…
Egypt to Tender for Second LNG Terminal
Egypt will launch a tender for a second liquefied natural gas (LNG) import terminal in the coming weeks, which could help address the country's ongoing energy crisis, a source at the state gas board said on Tuesday. High consumption…
Total Wins Egypt Gas Exploration License
French oil company Total has been awarded a licence to explore for natural gas in the Nile Delta, a source in the state-run Egyptian Natural Gas Holding company (EGAS) said on Monday. "France's Total won the bid to explore in Sector 2 in the Delta region…
Egypt Awards Oil & Gas Exploration Blocks
Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm, the petroleum ministry said on Friday. The agreements cover seven exploration areas. Germany's RWE won two exploration blocks in the Gulf of Suez…
Russia And China Ready For Deal On Energy
"China is our reliable friend," Russian President Vladimir Putin said on Monday in an interview ahead of a conference in Shanghai. Most evaluations of the bilateral relationship begin by reciting the historical border disputes, rift between Mao Zedong and Nikita Khrushchev…
Russia and China Ready For Deal On Energy
"China is our reliable friend," Russian President Vladimir Putin said on Monday in an interview ahead of a conference in Shanghai. Most evaluations of the bilateral relationship begin by reciting the historical border disputes, rift between Mao Zedong and Nikita Khrushchev…
Egypt Extends Deadline for Oil & Gas Concessions
Egypt has extended the bidding deadline to July 3 in an international auction of 22 concessions for oil and gas exploration, an official with the state-owned gas company said on Wednesday. The previous deadline for companies to submit bids for concessions in the Suez Canal…
Bill Aims to Lift Ban on Texas Energy Exports
Congressman Michael McCaul introduced H.R. 4349, the Crude Oil Export Act, which lifts the 1970s era prohibition on the export of American crude oil and would remove the major remaining barrier that keeps the U.S. from being competitive with other oil exporting nations.
