Latest news
BP to invest $240 million in two Egyptian exploration blocks
The oil giant BP Egypt, alongside its partners, is envisaging investing $240 million in two new exploration blocks, Block 3 and Block 8, in Egypt.
read more... 12/11/2014
Egypt production decline and reduced oil price affect BG profits
BG Group registered a worse-than-anticipated 26 percent decrease in third-quarter operating profit since its production in Egypt halved and a sudden reduction in oil prices took its toll on Britain's third-largest energy firm.
read more... 29/10/2014
BG in negotiations to bring in gas to Egypt from Cyprus
BG Egypt, a division of global energy firm BG held negotiations on Tuesday to import natural gas from Cyprus, as stated by the company on Wednesday.
read more... 23/10/2014
BG Group receives $350m for gas debt from Egypt
Egyptian Government paid to British gas explorer BG Group $350 million (£219m). The payment is for significant debts to the firm which along with other important energy players is allocated money by the country.
read more... 09/10/2014
France: Total obtains Egypt gas exploration permit
French oil firm Total won a license to explore for natural gas in the Nile Delta, as declared on Monday by a source in the Egyptian Natural Gas Holding company (EGAS) owned by State.
read more... 30/09/2014