Dana signs up financing for sukuk payment
Dana Gas has signed up a $90 million corporate facility from Mashreq Bank, allowing it to redeem its sukuk when it falls due at the end of the month.
Egypt
MENA bucks global trend with gas push
Despite a major demand shock this year, gas plans are scaling up, according to Arab Petroleum Investments Corporation (Apicorp).
East Med gas deal signed
A number of states have signed an agreement formalising the East Mediterranean Gas Forum (EMGF).
Eni scores major gas find with Nooros extension
Eni and BP have made a new gas find in the Great Nooros area, in the Abu Madi West lease offshore Egypt.
Four months overdue, Egyptian workers get home
58 Egyptian offshore workers have finally returned home, four months after their initial two-month stint ended.
East Med allure launched Chevron’s move on Noble
Noble Energy raised the possibility of selling out to Chevron on May 12. The super-major took only until May 28 to indicate it would be keen for such a deal.
TGS launches eFTG work in Egypt
TGS has launched its first regional airborne enhanced full tensor gravity gradiometry (eFTG) multi-client survey in Upper Egypt.
TransGlobe posts loss but on the M&A hunt
TransGlobe Energy has posted a net loss of $13.4 million for the second quarter, as production declined and prices fell.
Turkey resumes East Med exploration
Turkey has issued a new navigational warning – navtex – on waters also claimed by Greece.
Egypt, Greece deal riles Turkey in East Med
Egypt and Greece have signed an agreement on how to divide territorial waters, a move swiftly condemned by Turkey.
BP backs away from frontier exploration
Despite challenges thrown up by the coronavirus outbreak, BP’s production in Africa was largely unchanged, although exploration and development has been pushed back.
Trouble on the Nile: Ethiopia denies GERD fill
Ethiopia has been forced to deny that it has begun filling the Grand Ethiopian Renaissance Dam (GERD) as a dispute with its Nile neighbours Sudan and Egypt simmers on.
Egypt pipeline fire extinguished
A fire on the Shokeir-Mostorod pipeline has been extinguished, although 17 people have been reported as being injured.
Lining up corporates to power Africa
African states trying to secure domestic energy infrastructure have tended to struggle with creditworthiness, which makes project financing more difficult.
Pharos warns of Egyptian decline
Pharos Energy has put on hold all development work in Egypt, which will lead production to decline.
TechnipFMC wins Egyptian hydrocracking work
TechnipFMC has won work to build a new hydrocracking complex for the Assiut refinery, in Egypt.
Eni extends Nooros area with Egypt find
Eni has found gas offshore Egypt, in the Nile Delta’s North El Hammad licence.
Missing diplomatic bag not enough to save Egypt
Egypt has lost its bid seeking more time in its dispute with Union Fenosa Gas (UFG), over a failure to supply gas to a liquefaction plant at Damietta.
UOG triples production in Egypt
United Oil & Gas (UOG) has increased its net production from Egypt’s Abu Sennan concession by 69%, while also reporting a reserve boost.
Cheiron starts up Gulf of Suez production
Cheiron has begun producing crude from a new field in Egypt’s southern Gulf of Suez, following the GNN oil discovery.
Egypt work terminated for Shelf Drilling
Belayim Petroleum (Petrobel) has terminated the contract for Shelf Drilling’s Trident 16, only three months after extending it.
United celebrates infill success at Abu Sennan
Testing of Egypt’s El Salmiyah-5 has seen the well flow at rates of around 8,700 barrels of oil equivalent per day, United Oil & Gas has reported.
Turkey issues warning to Haftar in Libya
Turkey’s Ministry of Foreign Affairs has warned that any attempts by General Khalifa Haftar to target its interests in Libya would have “severe consequences”.
SDX production booms in first quarter
SDX Energy reported a strong first quarter based largely on its fixed price gas business.
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.