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Acquisitions and Divestitures News in Egypt

Signing of Upstream Agreement in the Gulf of Suez
Signing of Upstream Agreement in the Gulf of Suez 11/11/2017 - Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources signed a new upstream agreement in East Esh El Malaha area” Offshore Magawish” between EGPC and Trident Petroleum with total investment...
Rosneft Closes the Deal to Acquire a 30% Stake in Zohr Gas Field
Rosneft Closes the Deal to Acquire a 30% Stake in Zohr Gas Field 10/9/2017 - 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. ...
GlobalConnect Receives Final Approval of Acquisition of 25% in Abu Sennan
GlobalConnect Receives Final Approval of Acquisition of 25% in Abu Sennan 10/3/2017 - GlobalConnect Ltd, a newly established Oil and Gas Exploration and Production company with focus on MENA (Middle East and North Africa) region, has announced the final approval of Egypt government of ...
Apex International Signs Two Concession Agreements in Egypt
Apex International Signs Two Concession Agreements in Egypt 8/29/2017 - Apex International Energy has signed two concession agreements for 1.7 million acres encompassing the West Badr el Din (4,180 km 2) and South East Meleiha (2,535 km 2) concessions, located in the prol...
Agreement to Acquire Further 25% of East Ghazalat
Agreement to Acquire Further 25% of East Ghazalat 6/15/2017 - Nostra Terra, 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 a...
Eni and BP Complete Sale of 10% of Shorouk, Offshore Egypt
Eni and BP Complete Sale of 10% of Shorouk, Offshore Egypt 2/13/2017 - Eni’s CEO, Claudio Descalzi, Bob Dudley, CEO of BP, and the Egyptian Minister of Petroleum, Tarek El Molla signed a deed completing the sale to BP of a 10% stake in the Shorouk concession, offshore ...
Egyptian and Cypriot Talks to Consolidate Oil & Gas Cooperation
Egyptian and Cypriot Talks to Consolidate Oil & Gas Cooperation 1/6/2017 - Eng. Tarek El Molla Minister of Petroleum and Mineral Resources received Dr. Stelios Nicolaides, Director, Hydrocarbons Service, Ministry of Energy, Commerce, Industry and Tourism. In the presence of ...
Eni Signs Concession Agreements for Two New Exploration Blocks
Eni Signs Concession Agreements for Two New Exploration Blocks 12/27/2016 - Eni signed two new concession agreements for the North El Hammad and North Ras El Esh, located in the shallow waters in Egyptian Mediterranean Sea, as a result of the EGAS 2015 international bid round...
Eni Sells 30% Stake in Egypt's Zohr Gas Field to Rosneft
Eni Sells 30% Stake in Egypt's Zohr Gas Field to Rosneft 12/12/2016 - Eni has agreed to sell to Rosneft a 30% participating interest in the Shourouk Concession, offshore Egypt, where the supergiant gas field Zohr is located. Eni, through its subsidiary IEOC, currently h...
Minister of Petroleum to meet with Rosneft Chief Executive Igor Sechin
Minister of Petroleum to meet with Rosneft Chief Executive Igor Sechin 12/12/2016 - Rosneft Chief Executive Igor Sechin arrived yesterday in Cairo to meet tith Minister of Petroleum and Mineral Resources Tarek El Molla, to discuss existing and potential opportunities in Egypt’s oil a...
Rosneft Board to Discuss Buying Stake in Shorouk Concession
Rosneft Board to Discuss Buying Stake in Shorouk Concession 12/5/2016 - The board of Russia's Rosneft plans to discuss buying a stake of up to 35 percent in the Shorouk concession, offshore Egypt, the company said. ...
Apex International Energy Awarded First Blocks in Egypt
Apex International Energy Awarded First Blocks in Egypt 12/2/2016 - Apex International Energy, an independent oil and gas exploration and production company focused on Egypt, is pleased to announce that it has been awarded Blocks 8 and 9 by the Egyptian General Petrol...
Egypt Accepts Six Bids for Oil and Gas Exploration
Egypt Accepts Six Bids for Oil and Gas Exploration 12/2/2016 - Egypt has accepted six bids for oil and gas exploration worth a total investment of up to $200 million, the Ministry of Petroleum said. ...
Eni Aiming to Cut Stake in Egypt's Zohr Offshore Gas Find to 50%
Eni Aiming to Cut Stake in Egypt's Zohr Offshore Gas Find to 50% 11/28/2016 - Italian oil and gas company Eni is in talks with various parties to cut its stake in the giant Zohr gas field offshore Egypt to 50 percent, Chief Executive Claudio Descalzi said. ...
BP Buys 10% Interest in Egypt’s Super Giant Zohr Gas Field
BP Buys 10% Interest in Egypt’s Super Giant Zohr Gas Field 11/25/2016 - BP has agreed to buy from Eni a 10% interest in the Shorouk concession offshore Egypt, which contains the super-giant Zohr gas field, for $375 million. On closing, BP will also reimburse Eni for BP’s ...
Rockhopper Completes Acquisition of Beach’s Production & Exploration Assets
Rockhopper Completes Acquisition of Beach’s Production & Exploration Assets 8/16/2016 - Rockhopper Exploration plc, the oil and gas exploration and production company with key interests in the North Falkland Basin and the Greater Mediterranean region, has completed the acquisition of Bea...
Eni Talks to Big Oil about Stake Sale in Giant Egypt Gas Field
Eni Talks to Big Oil about Stake Sale in Giant Egypt Gas Field 8/12/2016 - Eni is talking to oil companies including Lukoil, ExxonMobil, Total and BP about selling at least a 20 percent stake in its giant gas field in Egypt, industry sources said. ...
Egypt's Tender for a Third FSRU Draws Interest from 4 Firms
Egypt's Tender for a Third FSRU Draws Interest from 4 Firms 7/20/2016 - Egypt's tender to lease a third floating and storage regasification unit (FSRU) has drawn interest from four international firms, an Egyptian official told Reuters. ...
Eni Makes Progress on $8 Bln Asset Sales Goal
Eni Makes Progress on $8 Bln Asset Sales Goal 4/29/2016 - Italy's Eni is well on track to sell assets worth 5 billion euros in the next two years as the oil major looks for resources to fund high-profile projects in Egypt and Mozambique and offset the impact...
Rockhopper Makes Acquisition of Non-Operated E&P Assets in Egypt
Rockhopper Makes Acquisition of Non-Operated E&P Assets in Egypt 4/18/2016 - Rockhopper Exploration plc, the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to announce amended terms for...

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