Egypt to import 80 LNG cargoes worth $1.8 billion in FY 2017-18
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Egypt to import 80 LNG cargoes worth $1.8 billion in FY 2017-18

Egypt’s current gas production at 5.2bn cf per day, imports to stop at end 2018. The government succeeded in solving the energy saving crisis faced by the country…

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Cyprus block 11 reveals disappointing gas results
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Cyprus block 11 reveals disappointing gas results

Initial results from Total and ENI’s exploratory drilling in block 11 in Cyprus’ EEZ are disappointing. Based on analysis of seismic data Total was hoping to discover a…

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IOCs raised Egypt investment to $10 bn this year
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IOCs raised Egypt investment to $10 bn this year

International oil companies (IOCs) have raised their investments in Egypt to USD 10 billion this year on the back of payments the government have been making to arrears…

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Energean farm out to Repsol for 60% of Ioannina block
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Energean farm out to Repsol for 60% of Ioannina block

The energy ministry has endorsed an agreement between Energean Oil & Gas and Spain’s Repsol farming out 60 percent of the former’s exploration and exploitation rights to an…

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Major natural gas discoveries offshore Egypt propel demand for technologies & services
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Major natural gas discoveries offshore Egypt propel demand for technologies & services

Egypt is a mature fossil energy market attracting increased international attention. In the below Q&A, Mai Abdelhalim, commercial specialist, US Embassy, Egypt, discusses the latest trends and opportunities…

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Russia Novatek plans to bid for Lebanese offshore blocks
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Russia Novatek plans to bid for Lebanese offshore blocks

Russian gas producer plans to participate in a consortium with two other oil companies in the First Lebanese Offshore Licensing Round. Companies originally had until September 15th to…

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ADES wins contract extensions for two offshore jackup rigs in the Gulf of Suez
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ADES wins contract extensions for two offshore jackup rigs in the Gulf of Suez

Drilling contractor ADES International Holding has secured contract renewals for two of its jackups in the Gulf of Suez offshore Egypt. General Petroleum Co. has extended the hire…

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Only half TCF discovered by Total in Cyprus’ Block 11
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Only half TCF discovered by Total in Cyprus’ Block 11

  The Onisiphoros gas field in Cyprus’ offshore Block 11 is not commercially viable, Energy Minister Giorgos Lakkotrypis said on Tuesday as it has been found to contain…

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