Energean hits go on NEA/NI project
Energean has taken the final investment decision (FID) on its North El Amriya and North Idkunea (NEA/NI) subsea tieback, offshore Egypt.
Egypt
Apex scores second Western Desert find
Privately backed Apex International Energy has announced a second oil find in Egypt’s Western Desert, with another well still to go.
Pharos cuts better deal in Egypt, seeks farm out
Pharos Energy intends to farm out its Egyptian assets, with the company hiring Jefferies to handle the process.
SDX starts up Sobhi flow
SDX Energy has begun producing at its Sobhi well in Egypt’s South Disouq licence, six weeks ahead of schedule.
Egypt pushes car conversion to gas
Egypt has renewed its push to convert cars to run on natural gas, with Egyptian President Abdel Fattah al-Sisi lending his weight to the drive.
Abu Sennan drilling programme kicks off
Kuwait Energy Egypt has begun drilling the ASH-3 well, in Egypt’s Abu Sennan licence, with work expected to take around 60 days.
Total to explore Herodotus Basin
A group led by Total has signed up to explore an offshore block in Egypt’s Herodotus Basin, in the Mediterranean Sea.
Energean completes Edison E&P deal
Energean has closed its acquisition of Edison Exploration & Production from Edison for a total of $203 million.
Drilling restarting at Abu Sennan
Kuwait Energy has signed up a drilling rig for work on the Abu Sennan concession and is making progress on the ASH-2 pipeline.
Damietta LNG restart back on the cards
A restart of the Damietta LNG plant is once again on the cards following an agreement between Eni, Naturgy and two state-owned Egyptian companies.
TechnipFMC begins work on Assiut hydrocracking unit
TechnipFMC has begun work on a new hydrocracking complex at the Assiut refinery, in Egypt.
Neptune appoints new Egypt head
Mohamed Mounes Shahat will take the role of Egypt managing director for Neptune Energy, starting in December.
Energean’s Karish project 85% complete
Energean expects its Karish gas project in Israel to reach first gas in the fourth quarter of 2021 and the Edison E&P deal to close this December.
TransGlobe output declines amid company freeze
TransGlobe Energy has hunkered down to survive the crisis but remains on the lookout for expansion opportunities.
Weak demand to limit East Med gas
Poor gas demand may restrain Eastern Mediterranean production until 2023, GlobalData has warned.
BP starts up Qattameya field
BP has begun production at the Qattameya gas field offshore Egypt, in the North Damietta concession.
Dana reaches Egyptian sale, warns of impairment
Dana Gas has struck a deal to sell its Egyptian assets to IPR Wastani Petroleum for up to $236 million, including contingent payments.
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.
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.