Saipem awarded offshore contract variations worth 900 million USD for the Optimised Ramp Up phase of the Zohr Field Development Project. Saipem and Petrobel have finalized offshore contract variations worth 900 million USD for Engineering, Procurement, Construction and Installation (EPCI) activities in relation to the “Optimised Ramp Up” phase of the “supergiant” Zohr Field Development … Continue reading
Qatar has turned down several requests by third-party traders to make fresh liquefied natural gas (LNG) supplies available to Egypt, raising concerns that a diplomatic row between the countries may curb regional energy trade, sources said. Top LNG producer Qatar supplies around 60 percent of Egypt’s LNG but relations suffered after Saudi Arabia, the United … Continue reading
The Abu Dhabi Fund for Development (ADFD) and the Government of Egypt have long enjoyed close and strategic ties. The constructive cooperation between the two parties continues to promote sustainable development in vital economic sectors that benefit the citizens of Egypt. To date, the Fund supported Egypt with Abu Dhabi government grants and concessionary loans … Continue reading
Four companies remain in the running for developing the 250 MW wind farm in the Gulf of Suez. Vestas, Siemens, Enercon, and Ray Power were the remaining bidders after a consortium made up of Power China and Goldenwind was eliminated from the race, Al Borsa reports. The bidding companies are scheduled to submit their technical … Continue reading
The British Embassy in Egypt launched the Oil and Gas International Scholarship Programme on Monday for up to 2,000 Egyptian employees over the coming five years to meet the changing needs of businesses in the oil and gas sector, according to an embassy statement. The programme, which is the largest scholarship program in its sector … Continue reading
AGR Software team have signed a SaaS (Software as a Service) contract with Dana Gas PJSC to supply the latest version of our P1™ software. AGR’s P1™ software helps its users to improve the accuracy of well time and cost modeling and can be applied for all drilling and well related operations, including completions and … Continue reading
Egypt: gas to the rescue A booming natural gas sector means a return to self-sufficiency and a chance to overcome some of Egypt’s economic and social problems. The crews of liquefied natural gas carriers which deliver weekly cargoes to Egypt will soon be taking their last look at Ain Sokhna port on the Red Sea. … Continue reading
