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Weekly News Roundup - February 17th 2020
Energy Egypt Weekly News Roundup - February 17th 2020
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Egypt agrees with five majors on West Med O&G exploration
The five companies are Royal Dutch Shell, Chevron, BP, Total and ExxonMobil
Egypt to award majors seven West Mediterranean blocks
Cairo readies award of seven tracts as part of new exploration push in region
Neptune Energy signs operated offshore exploration licence.
The NW El Amal concession covers 365 km2 and is located in the Gulf of Suez
Stars align as ExxonMobil hikes up its Egypt commitment-MEES.
US major ExxonMobil has snapped up two more blocks in Egypt’s Mediterranean.
Shell Egypt has not yet closed door to offers for its WD assets.
Shell Egypt will short-list potential buyers to advance to the next stage of process.
SDX spuds Salah well at South Disouq onshore concession.
Exploration well targeting an estimated 71 billion cubic feet of gas equivalent.
Egypt’s offshore O&G segment poised for growth – O&G ME.
After Egypt's Red Sea exploration bid round, the offshore segment is set to boom.
Edison starts deepwater gas exploratory drilling in Egypt.
Energean is in the process of taking over Edison’s Egyptian assets.
Dana Gas to make decision on its assets sale by end of March.
Dana allowed bids for its development leases separately from its exploration.
Egypt hedges against oil price volatility for second year; FM.
Egypt took the step "several times in 2019-20, and it will hedge again if needed".
EGPC, CAFU sign MoU to bring Mobile Fuel Delivery to Egypt.
Egypt will be the second international market the fast-growing startup expands to.
12 companies bidding for 200 MW West Nile Delta solar plant.
Tender was originally for a 600 MW project, but was split it into several parts.
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