Egypt

Eni’s Natural Gas Discovery Offshore Egypt Adds to Plethora of Eastern Med Opportunities

Eni’s Natural Gas Discovery Offshore Egypt Adds to Plethora of Eastern Med Opportunities

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…

July 2, 2020

ExxonMobil Builds Eastern Mediterranean Exploration Prospects Offshore 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.

December 31, 2019
Israeli-Egyptian Natural Gas Settlement Could Open Middle Eastern Market

Israeli-Egyptian Natural Gas Settlement Could Open Middle Eastern Market

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.

July 2, 2019

BP Ramps Up Trinidad, Australia Natural Gas Projects

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.

August 15, 2017

Apache Reorganizes, Putting Bigger Focus on Permian

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.

June 1, 2015

Apache Reorganizes, Putting Bigger Focus on Permian

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.

June 1, 2015

North America Onshore Boosted by Egypt Sale, Says Apache CEO

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.

September 3, 2013

Natural Gas Key to Largest Investment Ever in Iowa

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.

September 7, 2012

Petronas Adds C$500M to Progress Energy Bid

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.

August 1, 2012

Petronas-Progress Combo to Deliver Canadian Shale Gas to the World

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.

June 29, 2012
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