Egypt’s EGX Approves Listing of TAQA Arabia’s Shares with EGP 676,176,900 Capital
The Egyptian Exchange’s (EGX) listing committee approved listing the shares of TAQA Arabia, the full-service energy and utility provider in Egypt, with an issued capital of EGP 676,176,900 A total of 1,352,353,800 shares at a nominal value of EGP 0.50 apiece will be listed in Egypt Listed Securities. TAQA Arabia’s shares shall be added to […]
ExxonMobil Egypt honors its dealers for 2022 achievements & success
ExxonMobil Egypt recently held its annual convention in Cairo to celebrate the achievements and success of its dealers in 2022. During the event, ExxonMobil Egypt showcased its accomplishments during the span of 2022-2023, shared its vision for the future of motor oils, and launched many new competitive packages to provide unparalleled services. As a result […]
Wintershall Dea makes new natural gas discovery in Abu Madi reservoir
Wintershall Dea has made a natural gas discovery in the Abu Madi reservoir: Wintershall Dea has found natural gas in its Disouq concession in the onshore Nile Delta. The step-out well (NSG-3) targeted the Abu Madi reservoir inside the Disouq concession under development lease. It follows a previous discovery in the East Damanhour exploration block […]
IPR Energy Discovers Oil in North Beni Suef Concession, Western Desert, Egypt
Texas-based IPR Energy Group (“IPR”) announced the discovery of oil in its exploration concession North Beni Suef (NBS), where it operates the 5,060 km2 concession, located in Upper Egypt near Beni Suef. The first exploration well, NBS-1X, was drilled to a depth of 8,185 ft MD after a successful drilling campaign with a 1,500 hp […]
Neptune Energy updates Egypt, North Sea, Indonesia drilling schedule
Neptune Energy expects the Gudrun Field electrification project in the Norwegian North Sea to start up in the fourth quarter, the company said in its latest results statement. The Statoil-operated platform will receive power from shore via a connection to facilities serving fields in the Utsira High area. Later this year Neptune plans to drill […]
TotalEnergies-led consortium to start drilling offshore Lebanon in September
TotalEnergies, Eni and QatarEnergy have assigned a rig for the offshore southern block and will start drilling for oil and gas off the coast of Lebanon later this year. A consortium led by TotalEnergies will start drilling for oil and gas off the coast of Lebanon at the beginning of September, the country’s caretaker energy minister […]
TAG Oil achieves first production in Badr oil field in Egypt’s Western Desert
TAG Oil has announced the successful re-entry of the vertical well, BED 1-7, at the Badr Oil Field (‘BED-1’) in the Western Desert, Egypt. The Company perforated the Abu Roash ‘F’ formation (‘ARF Formation’) and conducted a Diagnostic Fracture Injectivity Test (DFIT). The reservoir was further fracture stimulated with a large 110 tons sand treatment and pump schedule with positive […]
Hitachi Energy Egypt holds workshop to demonstrate latest technologies for rail solutions
Bringing the energy to rail industry customers in Egypt. Hitachi Energy Egypt conducted a two-day workshop to showcase its portfolio of rail solutions in Egypt including grid connection solutions, rolling stock, communications, control & automation, software, and consulting services. Customers and partners from the public sector represented by the National Authority of Tunnels (NAT), Egyptian […]
Subsea Integration Alliance awarded bp WND tie-back contract offshore Egypt
Subsea 7 has announced the award of a substantial contract to Subsea Integration Alliance(1) by bp and its JV partner Wintershall Dea for the Raven Infills Project, offshore Egypt. The contract scope is for a two-well tie-back in the West Nile Delta block and includes the engineering, procurement, transport and installation of approximately six kilometres of flexible […]
ACWA Power’s 200MW Kom Ombo solar project obtains $123 million financing package
ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, today announced that it has signed a US$123 million financing package to develop the 200MW Kom Ombo project, a utility-scale solar power plant in Egypt. Financing institutions for this project include European Bank for Reconstruction and […]
