Newsletter subscribe

Video: Höegh LNG Operations

Posted: March 4, 2016 at 2:00 pm   /   Oil & Gas

Höegh LNG offers comprehensive solutions through its extensive development, project management and construction skills, and  has successfully executed integrated projects for customers, which include both floating import/receiving terminals (FSRUs) and infrastructure such as mooring systems and export pip elines. Höegh LNG’s floating terminals are based on constructing new assets with the latest and most efficient technology, […]

No Comments read more

SacOil completes Phase 2 of Lagia Oil Field Development Programme

Posted: March 2, 2016 at 8:22 pm   /   Oil & Gas

SacOil Holdings Limited, on behalf of its subsidiary, Mena International Petroleum Company Limited (“Mena”), is pleased to announce the successful completion of Phase 2 of the development programme and the achievement of the production target of 1,000 bbl/d at its 100% owned Lagia oil field in Sinai, onshore Egypt. As reported previously, Phase 2 of […]

No Comments read more

Bloomberg: Eni Leads the Pack in Replacing Oil and Gas Reserves

Posted: March 1, 2016 at 7:12 pm   /   Oil & Gas

Eni SpA led all its peers in the proportion of new resources it added to offset the oil and natural gas it pumped during the year, and that’s not even counting the new “super giant” discovery off Egypt. Reserves are crucial for valuing a company because they form the basis for future output, making Eni’s […]

No Comments read more

EGAS to issue third FSRU tender next month

Posted: March 1, 2016 at 7:06 pm   /   Oil & Gas

The Egyptian Natural Gas Holding Company (EGAS) plans to issue a tender for a third Floating Storage and Regasification Unit (FSRU) during the second half of next month, according to an EGAS official. EGAS is seeking a vessel with a capacity to regasify over 600 million cubic feet (MMcf) of gas per day. EGAS Chairman […]

No Comments read more

Pharaonic Petroleum Co. to add 70 MMcf of gas from Ha'py field in April

Posted: March 1, 2016 at 5:22 pm   /   Oil & Gas

Eng. Hassan Abady, chairman of Pharaonic Petroleum Company S.A.E., said that the Fairlift vessel owned by marine installations contractor Subsea 7 has arrived loaded with umbilicals, electric and hydraulic works, cables, pipelines and fittings in preparation for the development of the East Nile Delta Phase 3 Project (END-3) of installing and tying new offshore Ha’py […]

No Comments read more

Beach Energy announces completion of merger with Drillsearch

Posted: March 1, 2016 at 1:37 pm   /   Oil & Gas

Beach Energy Limited is pleased to advise that all conditions relating to the scheme of arrangement to merge Beach and Drillsearch Energy Limited have been satisfied. As a result, the Scheme has been implemented and Drillsearch is now a wholly owned subsidiary of Beach. Issue of new Beach shares to Drillsearch shareholders will occur today, […]

No Comments read more

Zohr supergiant gas field is all on Egypt’s side, Eni says

Posted: March 1, 2016 at 1:23 pm   /   Oil & Gas

Cypriot hopes that the some of Eni’s massive natural gas find offshore Egypt last August might have crossed into the Cyprus Exclusive Economic Zone (EEZ) were dashed on Friday when the Italian oil and gas major made it clear that the gas was all on the Egyptian side. “The comprehensive formation evaluation program confirmed the […]

1 Comment read more

Apache to slash 2016 budget by more than half, prioritise Egypt and North Sea operations

Posted: March 1, 2016 at 1:13 pm   /   Oil & Gas

Oil and gas producer Apache Corporation cut its 2016 capital budget by more than half on Thursday and said output would dip as it weathers a 70 percent slide in crude prices. The company plans to spend $1.4 billion-$1.8 billion in 2016, down more than 60 percent from last year’s levels and 80 percent from […]

No Comments read more

ENAP Sipetrol to complete $22m Western Desert pipeline next June

Posted: February 28, 2016 at 1:03 pm   /   Oil & Gas

$80 million planned investment through the end of 2017 for development of gas fields. Chilean ENAP Sipetrol, the foreign JV partner in Egyptian Petroleum Sector subsidiary Petroshahd, plans to complete the construction of a 90 km pipeline in the Western Desert by next June at a cost of $22 million. Eng. Sayed Rezk, ENAP Sipetrol’s […]

No Comments read more

Video: Black Gold in the Red Sea (Eni)

Posted: February 27, 2016 at 2:00 pm   /   Oil & Gas

The 1962 film, directed by Vittorio Gallo, offers an overview of the activities of COPE, Compagnie orientale des petrole d’Egypte, that highlights the “Mattei Formula”, the integration of Italian and Egyptian technicians and workers, respect for the Muslim faith (the construction of a small mosque at the oil field). An Arabic-language version of the documentary […]

No Comments read more