Egypt Tag

North Africa-focused energy exploration firm SDX Energy (LSE:SDX) has announced the discovery of gas in Egypt’s Nile Delta. The gas discovery was made at its SD-1X well, on a plot where the AIM-listed firm holds a 55% equity interest. Further drilling will now commence to deeper sections...

Italian energy firm Eni (BIT:ENI) has sold a stake in Egypt’s Zohr gasfield, worth US$1.1 billion, to state-owned Russian oil giant Rosneft (MCX:ROSN). This sale represents Eni’s ongoing ‘dual exploration model’, which aims to cash in on its most recent discovery, following a similar deal struck...

Egypt has approved six bids for oil and gas exploration projects worth a total investment of US$200 million, the Egyptian Minister of Petroleum said on Friday. Shell, BP, Apache Corp and Apex International Energy are among the companies to have had bids accepted. The General Authority for...

Oil major BP (LSE:BP) and Egyptian Natural Gas Holding Company (EGAS) have agreed to fast-track the Atoll Phase One project, generating around 300 million ft³ a day gross from 2018, three years after initial discovery.