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Phoenix Energy to Construct Solar PV Plant within Benban Solar Park in Egypt

November 6, 2017 No Comments

Phoenix Energy will partner with Infinity Solar of Egypt and IB Vogt of Germany to develop a 50 MW solar PV power plant in Benban Solar Park near Aswan, Egypt. Phoenix Energy of Safra, Lebanon participated in the official signing of the International Finance Corporation’s (IFC) Nubian Suns Feed-in-Tariff Financing Program on 29 October 2017 […]

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Eni Announce results for the third quarter and the nine months of 2017

Eni Announce results for the third quarter and the nine months of 2017

October 30, 2017 No Comments

Yesterday, Eni’s Board of Directors approved the Group results for the third quarter and the nine months of 2017 (unaudited). Commenting on the results, Claudio Descalzi, CEO of Eni, remarked: “In the third quarter, we achieved excellent results with an increase in operating profit almost four times higher, a net result above €700 million and […]

Eni completes sale of a 30% stake in the Shorouk concession to Rosneft

Eni completes sale of a 30% stake in the Shorouk concession to Rosneft

October 13, 2017 No Comments

Eni has finalized the sale of a 30% stake in the Shorouk concession, where the super-giant Zohr gas field is located, to Rosneft. The terms of the sale, agreed in December 2016, include a payment of 1,125 million US dollars and a pro quota reimbursement of investments already made. Eni, through its subsidiary IEOC, now […]

Oil discovery at Rabul 2 Well, West Gharib Concession

Oil discovery at Rabul 2 Well, West Gharib Concession

October 11, 2017 No Comments

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, is pleased to announce that an oil discovery has been made by the Rabul 2 Well in the West Gharib Concession in Egypt (SDX 50% Working Interest & Joint Operator). The well encountered approximately 101.5 feet of net heavy oil pay […]

Rosneft to Acquire a 30% Stake in Zohr Gas Field

Rosneft to Acquire a 30% Stake in Zohr Gas Field

October 9, 2017 No Comments

Rosneft closed the deal to acquire a 30% stake in the concessions agreement for the development of Zohr field, the largest gas field in the Mediterranean Sea, from Italian company Eni S.p.A. The cost of Rosneft stake acquisition is USD 1.125 bln. The Company also refunded its share in past project costs to Eni. The […]

SDX Spuds KSR-14 development well, Morocco

SDX Spuds KSR-14 development well, Morocco

September 18, 2017 No Comments

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, is pleased to announce the spud of its KSR-14 development well on the Sebou permit in Morocco. This is the first of a nine well drilling programme on the Company’s Sebou, Gharb Centre and Lalla Mimouna permits in Morocco. The campaign […]

Baker Hughes Awarded Subsea Contract by Petrobel

Baker Hughes Awarded Subsea Contract by Petrobel

September 11, 2017 No Comments

In a signing ceremony hosted by H.E. Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources for Egypt, Baker Hughes, a GE company (NYSE: BHGE) announced a major subsea contract from Petrobel for phase two of the “supergiant” Zohr Gas Field situated in the Mediterranean Sea, off the Egyptian coast. The project underscores the company’s […]

Egypt signs 3 oil drilling deals with U.S. firms

Egypt signs 3 oil drilling deals with U.S. firms

August 30, 2017 No Comments

Egypt has signed three deals with two U.S. companies on oil drilling in the Western Desert of the Arab country, the Egyptian Oil Ministry said in a statement on Saturday. The three deals signed with Apache and Merlon Oil Corporations are worth about 80 million U.S. dollars including the digging of 17 wells for oil […]

SDX Energy Announces 2nd Qtr. To JUNE 30, 2017 Results

SDX Energy Announces 2nd Qtr. To JUNE 30, 2017 Results

August 25, 2017 No Comments

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, announced its financial and operating results for the three and six months ended June 30, 2017. All dollar values are expressed in United States dollars net to the Company unless otherwise stated. Highlights The main components of SDX’s comprehensive income of […]

BP begin production on Gas projects in Australia and Trinidad

BP begin production on Gas projects in Australia and Trinidad

August 15, 2017 No Comments

Gas projects in Australia and Trinidad are fourth and fifth of seven major projects start-ups BP expects in 2017 BP today confirmed the start of production from another two of the seven Upstream major projects that it expects to come online in 2017. Five of these seven projects have now started up. Juniper in Trinidad […]

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