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Infographic: Siemens will boost Egypt's power generation capacity by 50%

Posted: February 3, 2016 at 2:46 pm   /   Electricity & Power

Three natural gas-fired combined cycle power plants – each powered by eight Siemens H-Class gas turbines – and up to 600 wind turbines will boost Egypt’s power generation capacity by more than 50 percent compared to the currently installed base. Beginning in 2017, they will add power to the grid in stages and will add […]

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Wood Mackenzie: Shell's acquisition of BG secures industry leading positions in deepwater oil and LNG

Posted: February 1, 2016 at 3:54 pm   /   Oil & Gas

Since the deal was announced in April, oil prices have near halved and Shell’s share price has fallen 35%. The strategic drivers for the acquisition remain compelling despite deepening turmoil across the oil and gas sector. “First mover advantage secures Shell industry leading positions in deepwater oil and LNG,” says Tom Ellacott, Senior Vice President […]

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GUPCO: BP invests $777 million this year in the Gulf of Suez

Posted: February 1, 2016 at 2:47 pm   /   Oil & Gas

Average daily production 85,000 barrels of crude and condensates, planned to reach 90,000 barrels per day during 2016. A new strategy to cut spending by $483 million. Current total reserves are 10.6 million barrels of crude and 94 billion cubic feet of gas. BP’s investment budget for exploration, development and production in the Gulf of […]

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Thomas Radwitz new General Manager of DEA Egypt

Posted: February 1, 2016 at 1:59 pm   /   Oil & Gas

As of February 1st, Dr Thomas Radwitz has been appointed General Manager of the Egyptian subsidiary of DEA Deutsche Erdoel AG. Egypt is one of the core countries for the German upstream company. Dr Thomas Radwitz, who is well experienced in Egypt‘s and the North African upstream industry, succeeds Dr Hans-Hermann Ecke, who has been […]

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Trident Petroleum signs exploration agreement for Northwest Seabird concession in the Gulf of Suez

Posted: January 31, 2016 at 4:21 pm   /   Oil & Gas

Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources, signed a new oil and gas exploration agreement in the Gulf of Suez, between Ganoub El Wadi Petroleum Holding Co (Ganope) and Egypt’s Trident Petroleum Company. The exploration agreement for Block 6 Northwest Seabird (Tair al-Bahr) concession in the Gulf of Suez, covering a ​​191 square […]

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Video: BW Singapore FSRU Floating Storage and Regasification Unit

Posted: January 28, 2016 at 6:15 pm   /   Oil & Gas

BW’s state-of-the-art FSRU BW Singapore was built at Samsung Heavy Industries (SHI) in Korea. She offers low environmental footprint, high efficiency, storage capacity in excess of 170,000cbm and a peak regasification capacity of 750 mmscfd. (Source: BW Group)

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BG shareholders approve Shell deal, transaction to be completed Feb 15th

Posted: January 28, 2016 at 5:42 pm   /   Oil & Gas

BG announces that at the Court Meeting and the BG General Meeting held earlier today in connection with the recommended cash and share offer made by Royal Dutch Shell plc (“Shell”) to acquire the entire issued and to be issued share capital of the Company (the “Combination”) to be effected by way of a Court-sanctioned […]

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The World Refining Association’s Inaugural Egypt Downstream Summit Next Month to Highlight New Opportunities for Egypt’s Refining and Petrochemical Sectors

Posted: January 28, 2016 at 4:40 pm   /   Oil & Gas

Under the Patronage of Egypt Minister of Petroleum and Mineral Resources, H.E Tarek El Molla The World Refining Association (WRA) to host Egypt’s key stakeholders and industry experts together to discuss innovative ideas on how Egypt can realise its downstream potential. The World Refining Association’s Inaugural Egypt Downstream Summit & Exhibition is taking place next […]

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The Egyptian government to engage DFIs and investors to outline 30GW of energy projects this February

Posted: January 27, 2016 at 6:23 pm   /   Electricity & Power

Next month (16 -18 February 2016) Egypt’s government, regulators and public sector stakeholders will discuss the role of DFIs and the private sector to fund and build 30GW of electricity generation, transmission and distribution projects that are about to go to tender, and projects which will require additional investments and partnerships to be completed.       The […]

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Shell shareholders vote in favour of recommended combination between Shell and BG

Posted: January 27, 2016 at 5:38 pm   /   Oil & Gas

Royal Dutch Shell plc announces the poll result from today’s General Meeting held at the Circustheater, Circusstraat 4, 2586 CW, The Hague, The Netherlands. Shell shareholders expressed their support for the recommended combination with BG Group plc by carrying the resolution to approve and implement the transaction. Full details of the resolution passed, together with […]

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