Tag Archive

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 […]

Ganope Signs Contract with Schlumberger and TGS

Ganope Signs Contract with Schlumberger and TGS

July 25, 2017 No Comments

Egypt’s state-run oil and gas firm in Upper Egypt, Ganope, signed a new geophysical contract with Schlumberger and TGS. According to an Egypt Oil& Gas report, the contract includes geophysical studies on Egypt’s Red Sea territorial waters and in Upper Egypt. The contract is said to be worth $750 million. The contract was signed by […]

Nostra Terra Agrees to acquire a further 25% of East Ghazalat

Nostra Terra Agrees to acquire a further 25% of East Ghazalat

June 15, 2017 No Comments

Nostra Terra (AIM:NTOG), the oil and gas exploration and production company with a portfolio of assets in the USA and Egypt, announces that on 14 June 2017 it reached agreement with Echo Energy plc (“Echo”) to acquire Echo’s 50% stake in Independent Resources Egypt Limited (“IRE”) (“the Acquisition”). IRE owns a 50% non-operating interest in […]

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