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Eni raises expected production from Nooros gas field by 20% in mid-2017
Eni has raised its projected production targets from the Nooros gas field to 1.2 bcf/d by mid-2017, up from 1…
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SDX Energy to buy Circle Oil’s assets in Egypt, Morocco
SDX Energy announced it has entered into non-binding heads of terms with Circle Oil to acquire its Egyptian and Moroccan…
Egyptian Electricity Holding Company signs loan agreement with NBE to pay dues to EGPC
The Egyptian Electricity Holding Company (EEHC) has taken an EGP 20 bn loan from the National Bank of Egypt to…
PetroSilah raises production to 12k bbl/d by end of FY2016-17
Merlon International JV PetroSilah are aiming to drill six wells in 2H2016-17 to increase production to 12k bbl/d from 8.7k…
EGAS signs USD 86 mn agreement with Edison
Italy’s Edison signed an agreement with EGAS for E&P operations and drilling two new wells in the Northeast Hapi offshore…
Egyptian Electricity Transmission Company invites six companies to build four transformer stations
The Egyptian Electricity Transmission Company has invited six international and Arab companies to build four transformer stations with an investment…
Merlon allocates USD 54 mn in investments to Fayoum concession in FY 2017-18
Oil and Gas producer Merlon International is allocating USD 54 mn towards its development and production operations in its El…
IOC receivables down to EGP 3.5 bn by 2016’s end -El Molla
Receivables due from EGPC to IOCs have dropped to USD 3.5 bn in 2016’s end, down from USD 3.6 bn…
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