Italian supermajor Eni SpA has struck natural gas in its first exploration well in the North El Hammad offshore Egypt in the Nile Delta, adding to a gusher of opportunities in the region. Eni, which operates the block in the Eastern Mediterranean (Med) with partners BP plc and Total SA, said the discovery at Bashrush…
Articles from Egypt
ExxonMobil Corp. has secured more than 1.7 million acres to explore offshore Egypt, helping to build its natural gas and oil portfolio in the Eastern Mediterranean.
Egypt recently reached a landmark settlement with Israel, ending a multi-year dispute over natural gas deliveries and possibly opening the way for more growth in the Middle East.
BP plc has ramped up two major natural gas projects, in Trinidad and Australia, marking the fourth and fifth of seven new facilities set to get underway this year.
Apache Corp., under pressure to sell or spin off its international portfolio to focus on the U.S. onshore, on Monday said it has reorganized its global operations, with the North American businesses, including Canada, now part of two “super” Permian and Houston regional units.
Apache Corp., under pressure to sell or spin off its international portfolio to focus on the U.S. onshore, on Monday said it has reorganized its global operations, with the North American businesses, including Canada, now part of two "super" Permian and Houston regional units.
Apache Corp. late Thursday pulled off what many analysts had not thought probable, selling a one-third operational stake in strife-torn Egypt for $3.1 billion in cash to China’s Sinopec International Petroleum Exploration and Production Corp.
Orascom Construction Industries (OCI), Egypt’s largest company, on Wednesday agreed to make the largest single investment ever in the state of Iowa — $1.4 billion — to build a nitrogen fertilizer plant that would tap U.S. natural gas supplies.
Malaysian national oil company Petronas has increased to approximately C$6 billion its bid for Progress Energy Resources Corp. in a deal that would create a company that would deliver Canadian natural gas to world markets, Progress said. The amended offer was made in an effort to block an unsolicited proposal from another company.
Malaysian national oil company Petronas plans to combine its liquefied natural gas (LNG) expertise with the unconventional resources abilities of Calgary-based Progress Energy Resources Corp. by acquiring Progress in a deal worth C$5.5 billion including debt. The combined enterprise would deliver Canadian natural gas to world markets.