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Egypt finalizes two refinery modernization agreements with Technip

Posted: July 28, 2015 at 1:00 pm   /   Oil & Gas

Under two separate agreements, which were signed during a recent visit to Italy by Egyptian government officials, Technip Italy S.p.A. will provide an array of services for modernization projects at Egyptian General Petroleum Corporation’s (EGPC) 4.5 million-ton/year Assiut refinery in Upper Egypt (ASORC), and Middle East Oil Refining Company’s (MIDOR) 100,000-b/d refinery in Alexandria, Technip […]

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Eni's CEO and Egyptian MOP sign update to Head of Agreement signed last March

Posted: July 24, 2015 at 7:12 pm   /   Oil & Gas

Eni’s CEO Claudio Descalzi and the Egyptian Minister of Petroleum Sherif Ismail sign an update to the Head of Agreement signed last March in Sharm el-Sheikh. The Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail, and Eni’s CEO, Claudio Descalzi, in the presence of the Prime Minister of Egypt, Ibrahim Mahlab, and the Italian […]

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Edison signs joint development agreement with Qalaa to build a combined cycle power plant in Abu Qir

Posted: July 24, 2015 at 7:02 pm   /   Electricity & Power

On the occasion of Egypt National Day at Expo, Edison Chief Executive Officer, Bruno Lescoeur, and Qalaa Energy CEO, Mohamed Shoeib, signed a Joint Development Agreement to build an 180 MW power plant, which will bring more efficient and sustainable energy to the Egyptian customers. The agreement has been signed within the framework of the Italian-Egyptian […]

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Eni: important gas discovery in the Egyptian Nile Delta

Posted: July 20, 2015 at 7:41 pm   /   Oil & Gas

This discovery is the result of the new Eni’s strategy to re-focus its activity on near field and incremental exploration opportunities with high potential value, which allow in case of success their quick exploitation through the already existing and synergic nearby infrastructures. Eni has made an important gas discovery in the Nooros exploration prospect, located […]

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Schlumberger, Oil and Gas Skills to set up Technical Institute

Posted: July 14, 2015 at 6:03 pm   /   Oil & Gas

Minister of Petroleum and Mineral Resources Sherif Ismail attended the signing ceremony of a memorandum of understanding between Oil and Gas Skills Company and US-based Schlumberger Corporation to establish an institute to provide training in the petroleum sector. In a released statement, Ismail said that establishing the institute comes within the framework of the Ministry’s […]

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Russia's Rosneft signs two energy import deals with EGPC & EGAS

Posted: July 8, 2015 at 8:11 pm   /   Oil & Gas

Egypt and Russia’s top oil producer Rosneft have signed two initial deals for the supply of petroleum products and liquefied natural gas to Cairo, the two sides said on Tuesday. The oil ministry said in a statement the deals include the supply of benzine and bitumen, as well as 24 LNG cargoes for state gas […]

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Maersk Discoverer completes deepest well drilled in Egypt & longest in the Mediterranean

Posted: July 7, 2015 at 6:46 pm   /   Oil & Gas

Maersk Discoverer finished well 62 days ahead of time for BP and claimed two offshore Mediterranean records. In the beginning of May, the crew on Maersk Discoverer reached a great milestone when they finalised their latest well two months ahead of time. The well was another East Nile Delta success for BP, discovering 50 m […]

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Egypt raises gas price paid to Italy's Eni and Edison – EGAS official

Posted: July 6, 2015 at 9:32 pm   /   Oil & Gas

Egypt has raised the prices it pays Eni and Edison for the natural gas they produce in the country, an official with state-owned gas company EGAS said on Sunday. The agreements mark the latest move by Egyptian authorities to improve terms for foreign oil and gas businesses in the hope that more competitive pricing will […]

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PGS confirms signing significant multi-client deal for Egypt

Posted: June 29, 2015 at 9:58 pm   /   Oil & Gas

PGS confirmed that a multi-client agreement covering Egypt’s Western Mediterranean Sea was signed Wednesday 24 June 2015 by Egyptian Natural Gas Holding Company (EGAS) and PGS. Following a competitive tendering process, PGS has been selected by Egyptian Natural Gas Holding Company (EGAS) to supply services related to the largest seismic oil and gas exploration project […]

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EGAS to conduct Mediterranean's largest seismic exploration project

Posted: June 25, 2015 at 9:45 pm   /   Oil & Gas

Egypt’s state-owned gas company EGAS will carry out the largest seismic oil and gas exploration project in the Mediterranean, seeking data that could attract global exploration companies, it said on Thursday. EGAS said it has signed a deal with Norwegian seismic surveyor PGS to conduct two and three-dimensional scans in the western zone of Egypt’s […]

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