United Oil and Gas acquiring Egypt explorer for £13m with help from BP
United Oil and Gas (UOG) plans to acquire Rockhopper Egypt for £12.8m with help from BP.
Egypt
Turkish trouble for Cyprus as gas exploration expands
The search for natural gas off Cyprus is accelerating, with several companies due to drill new wells to confirm recent discoveries, test prospects and develop known resources.
BP sells mature assets in Egypt for undisclosed fee
Energy giant BP has agreed to sell off its mature assets in Egypt’s Gulf of Suez for an undisclosed fee.
Egypt devises new contracts to attract more oil and gas investors
Egypt is finalising details of a new type of oil and gas contract to attract even more foreign investment than the $10 billion already coming into its energy industry this year.
BP celebrates first gas from major project off Egypt
BP has started production from the second phase of its West Nile Delta development offshore Egypt.
TechnipFMC wins $1bn-plus contract for Egyptian refinery expansion
TechnipFMC will modernise and expand Middle East Oil Refinery's (MIDOR's) complex near Alexandria, Egypt.
SDX makes another gas find in Egypt
SDX Energy has made a gas discovery at its South Disouq Concession in Egypt.
SDX hits gas with new Egyptian well
SDX Energy said today that it had struck gas with its SD-4X well in the South Disouq Concession, Egypt.
SDX says Egyptian well exceeds expectations
London-headquartered SDX Energy said the flow test results on a well in Egypt had exceeded expectations.
Cyprus to Egypt pipeline could cost more than £700m
The Egyptian petroleum minister confirmed yesterday that the proposed pipeline connecting Cyprus' Aphrodite gas field to Egypt's liquefied natural gas (LNG) facilities could cost more than £700 million.
SDX in Egyptian well spud
North-Africa focused SDX Energy has started drilling its Ibn Yunus-1X exploration well at South Disouq, Egypt.
BP seeks to sell stake in Egyptian business, report says
BP is seeking to sell-off its stake in Egypt’s Gulf of Suez Oil Company (GUPCO), according to a news report.
Desert sun to power Egypt with $2.8bn solar park
Egypt on Tuesday inaugurated the first solar power plant at a remote desert complex where the government plans to generate as much as 1.8 gigawatts from the sun, cutting the most populous Arab nation’s reliance on dirty and expensive fossil fuels.
Israeli gas company announces export deal with Egypt
An Israeli energy company has announced a 15 billion dollar (£10.6 billion) deal to supply natural gas to Egypt, in the largest export agreement to date for Israel's nascent natural gas industry.
BP gets first gas from Egypt’s Atoll gas field early and under budget
BP today announced first gas from the Atoll Phase One project off Egypt.
British trade envoy on oil and gas visit to Egypt
Britain’s trade envoy to Egypt has started a five-day visit to the country to strengthen ties in the oil and gas sector.
SDX hits oil pay
SDX Energy has confirmed an oil discovery in Egypt.
Shell mulls stocking Egyptian plant with gas from Israel, Cyprus
Shell is seeking creative solutions to bring gas from Israel and Cyprus to market, a step that could help turn the Mediterranean region into a major gas-producing hub.
BP back in the black as it posts strong profit
BP notched up second quarter pre-tax profits of £700million, rebounding from a £2.5billion loss a year ago.
Echo Energy completes $500,000 sale of Egyptian business
London listed Echo Energy has completed the sale of its legacy Egyptian business for a total fee of $500,000.
Aquaterra delivers new modular rig offshore Egypt
Engineering firm Aquaterra Energy has delivered a new platform for the development of the Amal field in the Gulf of Suez, offshore Egypt.
SDX Energy successfully flows natural gas at Egyptian discovery
SDX Energy has successfully flowed dry natural gas in a well test conducted at its recent gas discovery at South Disouq, Egypt.
Globalscot to help North Sea oil firms make splash abroad
Lawyer and Middle East business expert Hugh Fraser has been inducted into a global networking initiative set up to help Scottish firms break international markets.
BP brings major Egyptian project on stream
BP has started production from its West Nile Delta development in Egypt eight months early and under budget.
Rockhopper says drilling under way on Egypt licence
UK-based Rockhopper Exploration said today that a drilling campaign on the Abu Sennan Concession in Egypt had started.