WesternGeco, IHS Markit enter strategic collaboration on E&P data
WesternGeco, the seismic and geophysical data solutions division of Schlumberger, has entered a strategic collaboration with IHS Markit, a global provider of information, analytics, and solutions. The two companies will combined their data, technology and expertise on exploration and production (E&P) and make this available through the GAIA digital subsurface platform. WesternGeco launched GAIA to […]
US support for Egypt’s position as East Med regional gas export hub
US Deputy Energy Secretary Dan Brouillette was in town last Thursday to launch the US-Egypt Strategic Energy Dialogue with Oil Minister Tarek El Molla and the head of the Electricity Holding Company Gaber El Dessouky. Brouillette unveiled details of the initiative, and discussed regional energy issues and Egypt’s role in the East Mediterranean with a […]
Egypt and United States of America Launch Strategic Energy Dialogue
Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla, Egyptian Minister of Electricity and Renewable Energy Mohamed Shaker and U.S. Deputy Secretary of Energy Dan Brouillette launched the U.S.-Egypt Strategic Energy Dialogue, which will facilitate closer government and private sector cooperation on energy between the United States and Egypt. The Strategic Energy Dialogue between the […]
Egypt’s Offshore Red Sea Oil & Gas exploration Bid Round closes today
The Red Sea oil and gas exploration tender ends today, with bids from major oil producers expected to be announced later. Shell, ExxonMobil, Statoil, Dragon Oil, Russian Rosneft and Total have all reportedly bidding for 10 oil and gas exploration blocks off the Red Sea coast under a new production sharing contract, which were tendered […]
Dana Gas considers multiple scenarios for sale of Egypt assets
Dana Gas considers multiple scenarios for sale of Egypt assets, will decide in November: Dana Gas is considering offloading remaining arrears owed to it by the Egyptian state on to whoever ends up buying its Egyptian assets, CEO Patrick Allman-Ward told the UAE’s Al-Ittihad newspaper on Wednesday. Speaking on the sidelines of the World Energy […]
Qalaa announces operation of Hydrocracker unit at ERC Refinery
Qalaa Holdings announces the successful operation of the Hydrocracker in its flagship project Egyptian Refining Company “ERC”. All the project units are now operating. Qalaa declares all units at ERC are a go: The Egyptian Refining Company (ERC) has successfully begun hydrocracker operations, Qalaa Holdings said in a bourse filing on Thursday. With that, all […]
First well from Eni’s Baltim SW gas field linked to Egypt’s national grid
Italy’s Eni has linked the first well in its Baltim South West natural gas field to the national grid, an EGAS source said. The well has a production capacity of 50 mmcf/d and is the first of six wells, which will bring the field’s total production to 500 mmcf/d once developed during the current fiscal […]
Egypt’s Petroleum Minister: Business over politics in gas-rich East Med
“I think that energy and, specifically now, gas is very important,” Tarek el Molla told CNBC’s Hadley Gamble at the World Energy Congress in Abu Dhabi on Tuesday. The forum, which aims to establish a regional gas market and offer more competitive prices, was launched earlier this year. It consists of Egypt, Jordan, Israel, Italy, […]
El Molla talks investment in Egypt with Heads of UAE Oil Companies at WEC
Oil Minister Tarek El Molla met yesterday with Emirati Minister of State and CEO of the Abu Dhabi National Oil Company (ADNOC) Sultan Al Jaber to talk investing in Egypt’s oil and gas sector, according to a Ministry statement. El Molla also discussed the ongoing cooperation in airplane refueling in Egyptian airports with Emirates National […]
Dana Gas receives offers for its $500 million Egypt portfolio of assets
The UAE’s Dana Gas has received offers from companies interested in buying its USD 500 million Egypt portfolio, the company’s head of investor relations Mohammed Mubaideen told Mubasher. The company could potentially sell all of its assets in Egypt, depending on the offers it receives, Mubaideen said, adding that the deadline to receive offers is […]
