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Bloomberg: HSBC said to take loss on Petroceltic loan as pain hits

Posted: March 23, 2016 at 12:34 pm   /   Oil & Gas

Banks said to sell Petroceltic loans for about 70% discount. European banks facing losses on loans to E&P energy companies. HSBC Holdings Plc is discovering the oil crash extends far beyond the deserts of the Gulf, the plains of west Texas and the shale fields of North Dakota. Even a small energy company in Dublin […]

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The SPE EOR Conference at OGWA opened at Public Authority for Civil Aviation (PACA) in Sultanate of Oman

Posted: March 23, 2016 at 12:14 pm   /   Oil & Gas

His Excellency Dr. Mohammed bin Hamad Al Rumhy, Minister of Oil and Gas of the Sultanate of Oman spoke at Keynote Session on opening day. The fifth edition of the SPE EOR Conference at OGWA opened on 20th March at the Public Authority for Civil Aviation (PACA) attracting over 300 delegates and VIPs. The event […]

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Video: Eni 2016-2019 Strategy Presentation – Press Conference

Posted: March 22, 2016 at 10:59 pm   /   Oil & Gas

Eni’s top management answer questions from the financial community. (Source: Eni)

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Video: Eni 2016-2019 Strategy Presentation and Q&A

Posted: March 22, 2016 at 10:57 pm   /   Oil & Gas

Presentation of the company’s strategic plan for the 2016-2019 period to the financial community. (Source: Eni)

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BG demands Egyptian government to raise gas price to $7 per million BTUs

Posted: March 22, 2016 at 10:51 pm   /   Oil & Gas

After stopping 9B stage, BG asks government to raise the price of gas to $7 or pay $1bn immediately. BG, a subsidiary of Royal Dutch Shell, is negotiating with Egyptian General Petroleum Corporation (EGPC) to price gas at $7 per million BTUs in the 9B concession area in Egyptian Mediterranean waters. EGPC has offered $ […]

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BG Egypt suspends some development wells over price dispute – source

Posted: March 22, 2016 at 10:40 pm   /   Oil & Gas

BG Egypt has suspended work at some Egyptian development projects after it failed to agree with the government on the price of gas, an Egyptian General Petroleum Corp (EGPC) official told Reuters on Tuesday. “BG has stopped work at 9A+ and 9B after failure to reach an agreement on the fixed price to be paid […]

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Video: ‪First Siemens H-Class gas turbines arrive in Egypt‬

Posted: March 22, 2016 at 10:34 pm   /   Electricity & Power

After passing through the Suez Canal, the first two SGT5-8000H gas turbines bound for the Beni Suef power plant arrived at the port of Adabiyah on 20 March 2016, about a month after they left from Berlin Westhafen. The gas turbines were transferred onto heavy-duty trucks for the last leg of their journey over land […]

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Video: Offshore Platforms 101 (BP)

Posted: March 22, 2016 at 10:00 am   /   Oil & Gas

Take a look at how offshore platforms work, including the different varieties and the unique aspects of each which suit different conditions. Video courtesy of Energy Future. (Source: BP)

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Egypt and United Kingdom sign contract to supply styrene for industrial production

Posted: March 20, 2016 at 1:35 pm   /   Oil & Gas

A contract between the Egyptian Styrene & Polystyrene production company (E.Styrenics) and the British New Perspective was signed Friday for supplying styrene material for industrial purposes. Minister of Petroleum and Mineral Resources Tarek el Molla, chairman of the Egyptian Petrochemicals Holding Company (ECHEM) Mohamed Saafan and the CEOs of the two companies witnessed the signing […]

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Video: Eni 2016-2019 Strategy Presentation

Posted: March 19, 2016 at 6:52 pm   /   Oil & Gas

Animated infographics: Strategy execution is well advanced. Eni is completing its transformation, crucial in such a complex oil price environment, in order to enhance long-term growth while meeting short-term financial constraints. Animated infographics: Succeeding in the downturn and fuelling long-term growth. Animated infographics: Exploration remains an important value driver for the company. Over the last […]

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