SDX production booms in first quarter
SDX Energy reported a strong first quarter based largely on its fixed price gas business.
Egypt
Zohr production drops in Q1
Egypt’s Zohr field produced 5.1 billion cubic metres of gas in the first quarter, according to Russia’s Rosneft.
Neptune completes Egypt OBN work
Neptune Energy has completed its acquisition of an ocean bottom nodes (OBN) multi-client survey on Egypt’s offshore North West El Amal block.
Ithaca’s Delek under pressure to refinance loans
Delek Group’s reliance on restructuring its debt and selling its assets in order to cover its liabilities has led it to note some concerns that it would able to continue as a going concern in its annual report.
Builders sought for EastMed pipe
IGI Poseidon has invited companies to submit plans for the offshore parts of the proposed EastMed gas pipeline, which will run from the southeast Mediterranean into Europe via Greece and Cyprus.
Egyptian deal falls apart for Eni, Naturgy
A deal that would have seen Eni increase its stake in Egypt’s LNG sector, and Naturgy bow out, has come apart as coronavirus has interfered.
Dana considers demerger, sukuk payment
Dana Gas has taken a step towards splitting its upstream and midstream businesses off from each other, following approval for the plan from its shareholders at an AGM vote.
Eni bumps up Mediterranean gas production
Eni has begun producing at two new wells in the Mediterranean Sea, Egypt’s Ministry of Petroleum has announced.
Spear phishing picks up Egyptian opportunity
Two cyber campaigns have been identified that have been highly focused on particular parts of the oil and gas industry, using the same spyware Trojan, by security company Bitdefender.
SDX celebrates Sobhi find
SDX Energy has made a commercial discovery at the SD-12X well, in Egypt.
SDX’s serendipitous capex timing
SDX Energy’s capital expenditure will fall to $24.7 million this year, while production is expected to be 66-72% higher than 2019.
Abu Sennan gas line starts up, as infill drilling slows
A pipeline has been completed at the Al Jahraa field, in Egypt, allowing gas sales to begin and eliminating flaring, United Oil & Gas has reported.
African states scramble for coronavirus response
Coronavirus has begun to spread in Africa, triggering governments to impose lockdowns and take steps to tackle the pandemic.
Energean’s 2020 capex up 22%
The purchase of Edison E&P will provide Energean with insulation from oil price volatility, although the company has trimmed its capital expenditure plans in 2020.
Pharos puts dividend on hold, pulls production guidance
Pharos Energy has set out plans to spend around $45 million in 2020 but has suspended production guidance from Egypt in response to the oil price pressures.
TransGlobe slashes spending, dividend
TransGlobe Energy has responded to the oil market’s recent plunge by slashing planned spending in 2020, from $37.1 million to $7.1mn.
SDX strikes oil in Egypt
SDX Energy has made a heavy oil discovery at its Rabul-3 well in Egypt, with plans to bring this into production later this month.
Success in Morocco, failure in Egypt for SDX
SDX Energy has extended its gas discoveries in Morocco, through the play-opening BMK-1 well, although a well in Egypt has disappointed.
Maersk Drilling secures £3million deal off Egypt
Maersk Drilling has secured a £3million contact off Egypt.
Lekela sees lift off in Senegal, Egypt
Lekela has launched a 158.7 MW wind farm in Senegal and broken ground in Egypt at a 250 MW wind plant.
Neptune signs Gulf of Suez licence
Neptune Energy has signed a licence with the Egyptian General Petroleum Corp. (EGPC) on the North West El Amal Offshore concession.
Dana tots up Egyptian offers
Dana Gas has received a number of bids for its Egyptian portfolio and will come to a decision by the end of March.
Bomb attack fails to disrupt Israeli gas to Egypt flow
A pipeline in Egypt’s Sinai has been bombed, according to reports on February 2, but imports from Israel have continued unabated.
Egypt to Reduce LNG Cargoes for Sale as Gas Prices Plummet
Egypt is planning to reduce the number of spot liquefied natural gas cargoes it offers and to negotiate long-term sales deals with customers instead, because of plummeting prices.
Egypt signs off on exploration commitments
Egypt has signed deals with four companies for exploration in the Western Desert and Mediterranean Sea.