Oil & Gas Companies News in Egypt

Mogul Energy to Increase Interest in the East Wadi Araba Concession, Gulf of Suez, Egypt
7/31/2007 - Mogul Energy International, Inc. has entered into a letter of intent (“LOI”), dated July 30, 2007, to complete a Business Combination with Sea Dragon Energy, Inc., a private Canadian corporation. If t...
An Egyptian Kuwaiti Agreement to Explore Crude Oil at Gulf of Suez with Investments $400 million
6/14/2007 - Eng. Sameh Fahmi, Minister of Petroleum, signed an exploration and development agreement for the Egyptian General Petroleum Corporation (EGPC) with the Egyptian PICO Company and the Kuwaiti KUFPEC Com...
Dana Makes Strategic Acquisition in Egypt
4/18/2007 - Dana Petroleum plc announced that its wholly owned subsidiary, Dana Petroleum (E&P) Limited, has signed an agreement with Devon Energy Corporation to acquire Devon's entire upstream petroleum business...
Inking 3 MOU between Egypt and Russia
4/10/2007 - Eng. Sameh Fahmi, Minister of Petroleum held talks with Mr. Viktor Khristenko, Russia's Industry and Energy Minister where they discussed means of bolstering cooperation in executing joint projects in...
Perenco Acquires Further Interest in Egypt
4/4/2007 - Perenco has completed the acquisition of a further 50% interest in the Offshore North Sinai Concession (ONS) in Egypt through the purchase of Burlington Resources Egypt Limited from ConocoPhillips. Pe...
Egyptian Joint Talks with the Gazprom Company
12/26/2006 - The Gazprom Headquarters has hosted a working meeting of Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, Hany Soliman Ali, First Undersecretary of the Egyptian Ministry of Pet...
Russian-Egyptian Cooperation Development
12/4/2006 - Alexey Miller, Chairman of the Gazprom Management Committee, paid a visit to Egypt. Within the visit Alexey Miller met with Sameh Samir Fahmi, Minister of Petroleum Industry of Egypt, Rashid Mohammad ...
Centurion Closes Land Acquisition in Egypt
5/3/2006 - Centurion Energy International Inc. has closed its acquisition from CTIP Oil and Gas Limited of a 25% participating interest in the West El Manzala Concession and West El Qantara Concessions, located ...
Teikoku to Withdraw From Exploration Project In Gulf of Suez
4/19/2006 - TEIKOKU Oil Co., Ltd. has decided to liquidate its 100% subsidiary, TEIKOKU Oil Suez SEJ CO., LTD. The Company has decided to withdraw from the South East July Block in Egypt based on the assessment o...
Melrose Proposes Acquisition of Additional Interests in Egypt
4/13/2006 - Melrose Resources plc has entered into a conditional agreement to acquire the entire common stock of Merlon Petroleum Company for a cash consideration of $265 million. It is intended that the purchase...
Apache, Amerada Hess Complete Transactions in Egypt
1/17/2006 - Apache Corporation has completed the sale of its 55 percent interest in the deepwater section of Egypt's West Mediterranean Concession to Amerada Hess Corporation for $413 million. Apache President an...
Shell launches the first Regional Intilaaqah Award
11/8/2005 - Shell announced the launch of the first Regional Intilaaqah Award - “rewarding the spirit of enterprise”, which will honor young entrepreneurs in Oman, Egypt and the UAE (Abu Dhabi).where the Intilaaq...
Apache, Amerada Hess Announce Transactions in Egypt, Permian Basin
10/15/2005 - Apache Corporation has agreed to sell its 55 percent interest in the deepwater section of Egypt's West Mediterranean Concession to Amerada Hess Corporation for $413 million. Apache also has agreed to ...
Centurion Announces Expanded Gas Marketing Strategy in Egypt
9/20/2005 - Centurion Energy International Inc. is planning to expand its Egyptian gas sales by developing two new Exploration concessions, West Manzala and West Qantara (Centurion 75% working interest) which com...
Centurion updates activities in Egypt
9/17/2005 - Centurion’s Egyptian reserves increased 95% to 88.5 million boe during the first six months of 2005 Production reached a record high of 26,200 boepd, an increase of 36% above 2004 exit rate. Centuri...
Centurion Increases Egyptian Reserves By 95%
9/14/2005 - A reserve update as at June 30, 2005 has been prepared by Ryder Scott Petroleum Consultants. Centurion has increased its proved and probable reserves (before deduction of royalties, production taxes ...
Sidpec - The first petrochemical company to join the stock market.
6/6/2005 - For the first time in 5 years and for the first time in the petroleum sector, the Egyptian authorities announced that 20% of the shares of sidi krir petrochemicals company will be offered in the stock...
LUKOIL Completes Transaction to Acquire an Interest in LUKAGIP N.V.
12/22/2004 - LUKOIL completed a transaction to acquire ENI Group's 50 percent interest in LUKAgip N.V. initiated in June of 2004.

LUKAgip N.V. owns a 24 percent interest in the Concession Agreement on t...
Sanaa El Bana Appointed President of ECHEM
12/16/2004 - Cairo, 16 December 2004, Egypt’s Minister of Petroleum Eng. Sameh Fahmy has appointed Eng. Sanaa El Bana as a President of The Egyptian Petrochemicals Holding Company (ECHEM) Ms El Bana has a long ...
133rd (Extraordinary) Meeting of the OPEC Conference
12/10/2004 - The 133rd (Extraordinary) Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) convened in Cairo, Egypt, on 10 December 2004, under the Chairmanship of its Preside...

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