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El Molla: Five IOC’s are carrying out $750 million Seismic Survey of Red Sea

El Molla: Five IOC’s are carrying out $750 million Seismic Survey of Red Sea

Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Ganoub El Wadi Petroleum Holding Company (GANOPE) had agreed with five International Oil Companies (IOC’s)  six months ago to conduct a $750m seismic survey in the Red Sea to prepare reports on the  reserves of oil and gas in the territorial waters after … Continue reading

El Molla meets Shell Executives, discuss North Um Baraka concession

El Molla meets Shell Executives, discuss North Um Baraka concession

Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, met with Shell’s Deputy CEO, Samy Iskander, and  Shell Egypt’s Vice President & Country Chairman, Gasser Hanter, in the presence of  First Undersecretary of the Ministry for Gas and Geological Affairs, Mohamed Mounas, and First Undersecretary of the Ministry for Agreements and Exploration, Ashraf Farag. … Continue reading

Naftogaz struggles to find advisor for selling Egypt assets

Naftogaz struggles to find advisor for selling Egypt assets

Naftogaz repeatedly fails to find advisor to assess appropriateness of selling Egypt assets. National joint-stock company Naftogaz Ukrainy has annulled the second tender to provide investment banking services related to Naftogaz upstream assets in Egypt and search for potential buyers, as less than two bids were submitted. According to a report in the ProZorro e-procurement … Continue reading

EGL & KADMAR make its mark on Zohr, the biggest Mediterranean gas discovery

EGL & KADMAR make its mark on Zohr, the biggest Mediterranean gas discovery

Egyptian Global Logistics EGL subsidiary of KADMAR Group succeeded in handling the kick off for Egypt Mega Gas Project using the fleet of extendable trailers handling joint of 28 meters length & weighting 40 tons for Saipem project Zohr; the biggest gas discovery in Egyptian waters in the Mediterranean. EGL completed the port handling from … Continue reading