Dana Gas wins arbitration challenge in Egypt
An arbitration panel has backed Dana Gas in its decision to terminate a sales agreement with IPR Energy.
Egypt
Dana reaps reward of scrapping Egypt sale
Dana Gas has more than doubled its collections from Kurdistan and Egypt in the first half of the year.
Eni signs hydrogen deal with Egypt
Eni has signed a memorandum of understanding (MoU) on producing hydrogen in Egypt.
Petrojet tank roof declared Guinness World Record
Petrojet’s crude oil storage tank in Ras Badran has officially entered the Guinness World Records ranking.
SDX pauses Morocco drilling programme
SDX Energy has completed its first three wells in Morocco and will now pause until September or October.
Abu Sennan fast tracks discovery into production
The joint venture working at Abu Sennan has started production from a well only two months after the discovery, United Oil & Gas has said.
PGS, ION complete innovative Shell work
PGS and ION Geophysical have completed a survey offshore Egypt using a new extended long offset (ELO) design.
Egypt holds Ever Given while pushing for compensation
Egypt is pushing for the Japanese owners of the Ever Given ship to come to a deal, alleging the vessel was going too fast when it halted traffic through the Suez Canal.
Baker Hughes signs Petrojet MoU
Baker Hughes has signed a memorandum of understanding with Egypt’s Petrojet, after meeting Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla.
United preps for more Abu Sennan production
The ASD-1X, in Egypt’s Abu Sennan, is a commercial discovery, United Oil & Gas reported, saying a second well had been spudded on May 2.
SDX launches Morocco drilling plan
SDX Energy has begun drilling in Morocco, targeting five wells this year in pursuit of meeting local gas demand.
Egypt launches $7.5bn petrochemical plan in Ain Sokhna
Egypt has signed an agreement for a major petrochemical plant in Ain Sokhna, with an investment of $7.5 billion.
BP launches Raven field
BP has started up gas production at the Raven field, offshore Egypt.
Mubadala eyes Delek’s Tamar stake for $1.1bn
Delek Drilling has signed a non-binding memorandum of understanding (MoU) with Abu Dhabi’s Mubadala Petroleum on the sale of a gas field offshore Israel.
Dana drops sale plans to IPR
Dana Gas has abandoned plans to sell its Egyptian assets to IPR Wastani Petroleum for up to $236 million.
Energean targets two years to transformation
Energean is on a path to transformation, with capital expenditure peaking in early 2022 and delivering – hopefully – 200,000 barrels of oil equivalent per day in 2023.
Pharos cuts breakeven at El Fayum
Pharos Energy has secured improved fiscal terms on its El Fayum concession, in Egypt’s Western Desert.
Oil prices, memes rise as Suez jam continues
The MT Ever Given remains stuck across the Suez Canal, driving up oil prices – and jokes on social media.
Traffic jammed at Suez as carrier runs aground
The MT Ever Given container ship has become wedged into the wall of the Suez Canal, blocking the waterway.
Shell refills African exploration hopper as volumes ebb
Shell’s Nigerian production fell to 223,000 barrels of oil equivalent per day in 2020, with the company blaming security issues, sabotage and theft.
Eni completes Damietta LNG deal with Naturgy
Eni has completed a deal settling differences over the Damietta LNG plant.
Saudi Arabia wealth fund to buy ADES
Innovative Energy has made an all-cash $12.5 per share offer to take ADES International into Saudi Arabian hands.
Why gas flaring should be in the spotlight at COP26
At COP21 in Paris in 2015, 11 countries made gas flaring a stated commitment to their Paris Nationally Determined Commitments (NDCs). Disappointingly, five years on, flaring has increased for these 11 countries, by 6% to 60 billion cubic metres per year.
Egypt, Israel eye expansion of EMGF
Egypt and Israel are working on plans to expand the East Mediterranean Gas Forum (EMGF) into energy security, electricity infrastructure and emissions controls.
Kuwait Energy adds up ASH-3 at Abu Sennan
Kuwait Energy has tested the ASH-3 well in Egypt at 6,379 barrels per day of oil and 6.7 million cubic feet per day of gas.