Saipem awarded $900 million offshore EPCI contract for Zohr Ramp Up Phase

Saipem awarded $900 million offshore EPCI contract for Zohr Ramp Up Phase

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

Third-party traders: Qatar turns down new LNG deals with Egypt

Third-party traders: Qatar turns down new LNG deals with Egypt

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

ADFD provides $85 million in strategic funding for energy projects in Egypt

ADFD provides $85 million in strategic funding for energy projects in Egypt

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

UK Embassy launches Oil & Gas International Scholarship Programme for Egyptians

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

Egypt’s booming gas sector means return to self-sufficiency and chance to overcome economic, social problems

Egypt’s booming gas sector means return to self-sufficiency and chance to overcome economic, social problems

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