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“Strategic Investments and Synergies Critical to Global Energy Sector Progress,” says H.E. Suhail Al Mazrouei, UAE Minister of Energy

Posted: July 17, 2016 at 8:26 pm   /   Oil & Gas

UAE Officials and World Experts Share Views on Oil and Gas Industry Developments at Exclusive ‘Al Multaqa’ Gathering in Abu Dhabi. Making strategic long-term investments, and pooling knowledge and resources from within the oil and gas industry is central to energy sector progress, said senior officials and world representatives at a recent gathering in Abu […]

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Interfax: All quiet on Egypt’s LNG export front until after 2020

Posted: July 17, 2016 at 8:17 pm   /   Oil & Gas

Industry sources from inside and outside Egypt are confident the country can resume exporting LNG by the end of the decade. However, they have warned that the number of cargoes shipped from Idku will not rise out of single digits per year before then. A source from Egypt’s Ministry of Energy, who wished to remain […]

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Back to basics (Interview with the CEO of FEP Capital)

Posted: July 16, 2016 at 2:41 pm   /   Oil & Gas

Omar El Maghawry, the CEO of FEP Capital, discusses the Egyptian oil and gas market’s biggest areas for growth, the challenges faced by foreign investors and how the government can work to improve the ease of doing business for international companies operating in Egypt. FEP Capital is a financial services company that offers turnaround services […]

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Will Israeli natural gas flow in Egypt’s pipelines?

Posted: July 15, 2016 at 4:31 pm   /   Oil & Gas

A recent visit by Egypt’s Foreign Minister could signal potential cooperation between Israel and Egypt in the eastern Mediterranean gas fields. However, given domestic market needs mixed with a complicated history in Egypt-Israel business relations in the energy sector, the future remains unclear. In a rare trip, Egypt’s Foreign Minister Sameh Shoukry paid Israel a […]

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Infographic: The Volatile History of Crude Oil Markets (Visual Capitalist)

Posted: July 15, 2016 at 3:46 pm   /   Oil & Gas

Crude oil is the world’s most actively traded commodity, and oil-related trades are a staple for traders, hedgers, investors around the globe. The below infographic, put together by Aspect, covers the history of crude oil trading, while also highlighting the major events that have shaped the landscape of the oil market as we know it […]

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The natural gas revolution (ABO.net)

Posted: July 15, 2016 at 3:37 pm   /   Oil & Gas

By Katherine A. Rasmussen. ABO discussed price trends, shale gas and the role of renewables with Adam Sieminski, Administrator of the US Energy Information Administration, at the 2016 EIA Energy Conference. In its capacity as a statistical agency, what does the EIA foresee happening to oil prices, and consequently to gas prices, in the near-term? […]

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Petrobel to increase Nooros field production to 700 mcf/d in September

Posted: July 14, 2016 at 4:09 pm   /   Oil & Gas

The Nooros field production is expected to increase to 700 mcf/d following the completion of drilling by September, field general manager Hassan Fouad told Al Borsa. The Nooros field is an important gas discovery owned by Eni and BP, and was drilled by Petrobel, a joint venture between Eni subsidiary IEOC and EGPC. Current Nooros […]

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Honeywell looks to expand presence in Egypt, appoints new Country President

Posted: July 14, 2016 at 4:04 pm   /   Oil & Gas

· Appointment reinforces Honeywell’s commitment to supporting the growth ambitions of Egypt’s economy and businesses. Honeywell, a Fortune 100 cyber industrial company, has announced the appointment of Khaled Hashem as its new Country President for Egypt. The appointment marks a significant milestone for Honeywell, as the company continues to strengthen its presence in Egypt by […]

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ACWA Power invests EGP 20 million in three renewable energy projects

Posted: July 14, 2016 at 3:50 pm   /   Renewables

Saudi’s ACWA Power has invested EGP 20 mn in three renewable energy projects in Egypt under the feed-in-tariff system, Regional Director Hassan Amin told Al Mal. The projects include two wind farms and a solar power plant each with a capacity of 50 MW, he added, and are located in Benban and Ras Gharib. The […]

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Zohr's second well indicators revealed larger gas reserves – EGAS source

Posted: July 11, 2016 at 9:46 pm   /   Oil & Gas

The primary indicators of Zohr field’s second well, developed by Italian company Eni, show an increase in gas reserves owing to the discovery of a gas-carrying layer that is larger than that found in the first well. These results indicate an increase in production to 250m cubic feet per day compared to the initial test […]

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