Egypt’s Petroleum Sector Registers $30 B Investments in 5 Years
October 16, 2019
Permalink
News

Egypt’s Petroleum Sector Registers $30 B Investments in 5 Years

Mohamed Saafan, the First Undersecretary for Oil Affairs in the Ministry of Petroleum and Mineral Resources has delivered the opening speech of the Mediterranean Offshore Conference and Exhibition (MOC 2019)…

Continue Reading →

Vantage Drilling wins a Deepwater Drilling Contract in Egypt
October 13, 2019
Permalink
News

Vantage Drilling wins a Deepwater Drilling Contract in Egypt

ADES International Holding a UAE based company and Vantage Drilling, has secured a deep-water drilling contract in the Egyptian Mediterranean area. ADES confirmed the contract award on Friday…

Continue Reading →

Cyprus: ENI big concerns over Turkish warships in Cyprus Offshore
October 11, 2019
Permalink
News

Cyprus: ENI big concerns over Turkish warships in Cyprus Offshore

Cypriot Government sources played down remarks by ENI’s CEO who said his company would not drill off Cyprus if it meant having to deal with warships. The sources,…

Continue Reading →

France Grants EGP 1.2 B for Egypt’s Energy, Gas Projects
October 10, 2019
Permalink
News

France Grants EGP 1.2 B for Egypt’s Energy, Gas Projects

Egypt and France have signed two grants on Tuesday, October 8, 2019 with a total value of €71 million (EGP 1.2 billion) to fund a €68-million project of…

Continue Reading →

Lebanese, Egyptian Petroleum Unions Sign Cooperation Protocol
October 8, 2019
Permalink
News

Lebanese, Egyptian Petroleum Unions Sign Cooperation Protocol

During the signing of a joint cooperation protocol between the Egyptian General Trade Union for Petroleum Workers (GTUPW) and the Lebanese Federation of Petroleum Employees and Workers’ Unions…

Continue Reading →

Israel Offshore Fields Development Progress: Karish and Tanin
October 7, 2019
Permalink
News

Israel Offshore Fields Development Progress: Karish and Tanin

The float-out of the hull comes 10 months after the cutting of the first steel. Energean previously said the hull completion was expected to take 12 months. Once…

Continue Reading →

Turkish drillship ‘flagrant violation of Cyprus’ rights’
October 6, 2019
Permalink
News

Turkish drillship ‘flagrant violation of Cyprus’ rights’

The Turkish drillship Yavuz arrived within the Cyprus EEZ on Thursday night, according to a tweet on Saturday morning by Turkish Energy Minister Fatih Donmez. The ship has…

Continue Reading →

Egypt: Oil Trade Balance Records Surplus
October 3, 2019
Permalink
News

Egypt: Oil Trade Balance Records Surplus

The hydrocarbons trade balance recorded a surplus for the first time since Fiscal Year (FY) 2012/13, registering $8.1 million as a result of the leap in investments in…

Continue Reading →

Cyprus and Turkey: the battle for oil and gas in the Eastern Mediterranean
October 2, 2019
Permalink
News

Cyprus and Turkey: the battle for oil and gas in the Eastern Mediterranean

The rush for oil and gas reserves in the Eastern Mediterranean is heating up, and nowhere more so than in Cyprus where the government and the UN have…

Continue Reading →

Turkey due to start another drilling operation off Cyprus
October 1, 2019
Permalink
News

Turkey due to start another drilling operation off Cyprus

Turkey’s drillship, the Yavuz, is due to commence its second drilling operation sometime over the next few days, Turkish Energy Minister Fatih Donmez said on Monday. He did…

Continue Reading →