PGS’ MultiClient seismic reveals multiple opportunities offshore Egypt in 2021 licensing round
PGS has 3,400 km of modern MultiClient seismic data covering all the blocks on offer in the Egypt Offshore Licensing Round. This much-anticipated round extends exploration opportunities in one of Africa’s most prolific petroleum provinces. Prospectivity of the Area The Ministry of Petroleum recently announced an Egypt Offshore Licensing Round in a highly prospective area […]
Shearwater GeoServices awarded large 3D and 4D programs by Petrobras
Shearwater GeoServices Holding AS (“Shearwater”) today announced the award of a 4D monitoring contract for towed streamer seismic acquisition in the Campos Basin offshore Brazil. These 3D and 4D programs will be conducted over 9-months by the SW Empress, over the Marlim, Albacora, and Voador fields, starting in late Q2 2021. 4D time-lapse seismic monitoring […]
Lithuania’s Klaipėda LNG terminal receives first cargo from Egypt
Lithuania’s Klaipėda LNG terminal expects to receive approx. 138,000 cubic metres of LNG for the first time from Egypt. LNG carrier LNG Fukurokuju, built in 2016 and currently sailing under the flag of the Bahamas, is to deliver the cargo from Idku natural gas liquefaction plant in Egypt. The Lithuania LNG terminal, operated by KN […]
Apache moves toward revamp of its contracts in Egypt’s Western Desert
APA Corp. reached an agreement in principle with Egypt’s Ministry of Petroleum and Mineral Resources and the Egyptian General Petroleum Corp. in support of the MOP’s efforts to modernize the country’s petroleum sector. The new Production Sharing Contract (PSC) will consolidate most of the concessions in the Western Desert of Egypt operated by APA Corp. […]
Watlow launches New HELIMAX™ Ultra-Efficient Electric Heat Exchanger
Reduce Heat Exchanger Maintenance Intervals with Watlow’s New HELIMAX™ Ultra-Efficient Electric Heat Exchanger. Watlow®, an industry leader in the design and manufacture of complete thermal systems, introduces its new HELIMAX™ ultra-efficient electric heat exchanger with Continuous Helical Flow Technology™, which helps reduce the coking and fouling typically associated with standard heat exchangers. Diminishing the coking […]
Shearwater GeoServices acquires streamers from Polarcus, renews fleet
Shearwater GeoServices Holding AS (Shearwater) today announced two transactions to take over marine seismic acquisition assets previously owned by Polarcus, from Tiger Moth AS, a company affiliated with Woodstreet Inc. Shearwater has acquired streamers and related seismic equipment for a total cash consideration of USD 50 million. The company further purchased six seismic acquisition vessels […]
Egypt signs agreement for major petrochemical plant in Ain Sokhna
Egypt launches $7.5bn petrochemical plant in Ain Sokhna: Egypt has signed an agreement for a major petrochemical plant in Ain Sokhna, with an investment of $7.5 billion. Egypt has signed an agreement for a major petrochemical plant in Ain Sokhna, with an investment of $7.5 billion. Egyptian Prime Minister Mostafa Madbouly attended the signing ceremony […]
Siemens Energy & Turboden expand, decarbonize Egypt’s natgas network
Siemens Energy, together with Turboden, expands and decarbonizes Egypt’s natural gas transmission network. Siemens Energy, working with Turboden S.p.A., a Mitsubishi Heavy Industries Group Company, has started development on the GASCO Dahshour gas compressor station (GCS) in Egypt, which will increase gas compression by 25%, without further fuel consumption, while reducing CO2 emissions by 120’000 […]
Shearwater Geo starts Archer 3D seismic survey offshore Australia
Shearwater’s Geo Coral vessel has started the Archer 3D seismic survey that will cover the Dorado development and the exploration potential to the south west of the field located in the Bedout Sub-basin offshore Australia. Carnarvon Petroleum, Santos’ partner in the project, said the Archer 3D is being acquired, in conjunction with the contiguous WA-541-P […]
IPR Wastani taking Dana Gas to arbitration over cancelled Egypt deal
IPR Wastani seeks arbitration for cancelled sale of Dana Gas’ Egypt assets: IPR Wastani Petroleum is filing for arbitration after the UAE’s Dana Gas called off the sale of its oil and gas assets in Egypt to the Texas-based IPR Energy Group member, Dana Gas said in a statement cited by Reuters. The request for […]
