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North West El Amal block : Neptune Energy completes OBN multiclient survey

North West El Amal block : Neptune Energy completes OBN multiclient survey

Neptune Energy has wrapped up an ocean bottom nodes (OBN) multiclient survey in the North West El Amal block in Egyptian waters, which it says has delivered promising results for additional analysis. Prefunded by Neptune Energy, the OBN multiclient survey project was executed by WesternGeco, the seismic and geophysical data solutions unit of Schlumberger, under […]

United Oil and Gas wraps up acquisition of Rockhopper Egypt

United Oil and Gas wraps up acquisition of Rockhopper Egypt

United Oil and Gas has completed its previously announced $16 million acquisition of Rockhopper Egypt from Rockhopper Exploration to enter into the producing Abu Sennan block in Egypt. The deal, which was announced in July 2019, was closed after satisfying preceding conditions. Rockhopper Egypt holds a 22% non-operating stake in the onshore Abu Sennan concession. […]

South Disouq gas block : SDX Energy begins drilling of Salah well

South Disouq gas block : SDX Energy begins drilling of Salah well

UK-based SDX Energy has started drilling of the SD-6X well (Salah well) at the onshore South Disouq gas block in the Nile Delta in Egypt. The MENA-focused oil and gas company had a working interest of 55% in the South Disouq concession where it is partnered by US-based IPR Energy Group. Production from the South […]

EBRD offers $50m loan to upgrade SOPC oil refinery in Egypt

EBRD offers $50m loan to upgrade SOPC oil refinery in Egypt

The European Bank for Reconstruction and Development (EBRD) is providing support to Egypt’s greener oil and gas sector with a $50 million loan to upgrade the oil refinery owned by Suez Oil Processing Company (SOPC). The proceeds from the loan will be utilized for improvements of the operational efficiency of the Egyptian oil refinery which […]

Noble Energy acquires stake in EMG gas pipeline

Noble Energy acquires stake in EMG gas pipeline

Noble Energy and its partners have acquired a 39% equity stake in the Eastern Mediterranean Gas Company (EMG), the holding company of the Eastern Mediterranean Gas pipeline (EMG gas pipeline). The US-based oil and gas company’s total acquisition cost of the EMG Pipeline is valued at $185 million while the company has gained a 10% […]

Eni discovers new resources in Sidri development lease in Gulf of Suez

Eni discovers new resources in Sidri development lease in Gulf of Suez

Italian oil and gas giant Eni has pulled off the discovery of new resources in the Abu Rudeis Sidri development lease, in the Gulf of Suez, offshore Egypt. The discovery was made by the Petrobel, the operating company, which is held equally by Eni and the Egyptian General Petroleum Corporation (EGPC), through the drilling of an […]

Baltim South West gas field in Egypt brought on stream by Eni, BP

Baltim South West gas field in Egypt brought on stream by Eni, BP

Baltim South West project : Eni and BP have started production from the Baltim South West gas field in the Egyptian waters of the Mediterranean Sea. The Baltim South West gas field is located in the Baltim South development lease, located in the shallow waters of Nile Delta, and contained in 25m of water depth. […]