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Rosneft eyes building Hydrocarbon Terminal in Suez Canal Economic Zone

Posted: May 19, 2016 at 2:05 pm   /   Oil & Gas

Rosneft is looking into the possibility of building an oil and gas terminal in Egypt’s Suez Canal Economic Zone, the Russian trade envoy to Egypt said Tuesday. Preparations for talks on the hydrocarbon terminal project between Rosneft and Suez economic zone authorities are underway, he added, noting that in 2015, the Russian trade representation in […]

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Egypt, Israel reported to be nearing compromise on natural gas dispute

Posted: May 19, 2016 at 1:55 pm   /   Oil & Gas

Egypt and Israel are close to a compromise that would sweep away a major obstacle to a multibillion-dollar natural gas deal. Israel may agree to settle for half of the $1.73 billion fine Egypt was ordered to pay it so talks on exporting Israeli offshore gas there can go ahead, two people familiar with the […]

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Video: ‪Egypt’s Future Energy Mix An Investor’s Perspective | Egypt Energy Forum‬

Posted: May 19, 2016 at 1:46 pm   /   Oil & Gas, Renewables

Deb Frodl, Global Executive Director, ecomagination – GE Egypt Energy Forum – A World Future Energy Summit event World Future Energy Summit 2016, Abu Dhabi, UAE | 18–21 Jan 2016 (Source: World Future Energy Summit)

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Occidental denies takeover bid for Apache

Posted: May 18, 2016 at 8:33 pm   /   Oil & Gas

Shares of U.S. independent oil and gas producer Apache Corporation rose more than 3 percent early on Wednesday to $56.84 each, partly on an unverified report it was the takeover target of Occidental Petroleum Corporation. Occidental said it had no knowledge of any pending transaction, while Apache declined to comment on what it called rumors. […]

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Apache set to be acquired by Occidental Petroleum in $25 billion deal

Posted: May 18, 2016 at 4:36 pm   /   Oil & Gas

Occidental Petroleum (OXY) are about to announce they are taking over Apache Corporation in a deal thought to be worth at least $25 Billion. Apache Corporation are expected to announce the takeover to their staff shortly. Occidental Petroleum (OXY) is a US-based oil & gas company producing over 650,000 barrels of oil equivalent per day […]

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Shell and BG to receive $400 million of dues by end of June

Posted: May 18, 2016 at 12:51 pm   /   Oil & Gas

The $3.2 billion debt is promised to be fully repaid by the end of 2016. Shell and British Gas (BG) have reached an agreement with the Petroleum Ministry to obtain $400m of their financial dues by the end of June, in exchange for renting a driller and resuming work in the 9B phase of the […]

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EGAS to rent FSRU located in Jordan with 500 mcf/d capacity from 2017

Posted: May 18, 2016 at 12:42 pm   /   Oil & Gas

Gas line with Amman to re-open this summer, importing 200 mcf/d. The Egyptian Natural Gas Holding Company (EGAS) plans to rent a gasification ship located in Jordan with a capacity of 500m cubic feet of gas daily and to host it in a private port controlled by SUMED in Ain Sokhna in 2017. A prominent […]

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Infographic: Boosting Egypt's power capacity (Siemens)

Posted: May 18, 2016 at 11:13 am   /   Electricity & Power

‪Siemens will boost Egypt’s power generation capacity: In total, 24 highly efficient turbines, 24 heat recovery steam generators, twelve steam ‪turbines, and 36 generators will be installed in three power plants.‬ ‪http://sie.ag/1U6Hy6V‬ (Source: Siemens AG)

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Video: ‪Creating Value in Oil and Gas – Lisa Davis, Siemens AG‬

Posted: May 18, 2016 at 11:13 am   /   Oil & Gas

“Creating Value in Oil & Gas” presented by Lisa Davis, Member of the Managing Board, Siemens AG. Learn how Siemens technologies, services and solutions for electrification, automation and digitalization make oil and gas processes safer, more efficient and more cost-effective. Siemens Oil & Gas Innovations Conference 2016, Houston, TX. Visit http://sie.ag/1WcV20g for more information. (Source: […]

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Circle Oil completes infill drilling campaign on North West Gemsa field

Posted: May 17, 2016 at 12:59 pm   /   Oil & Gas

Circle Oil plc, the international oil and gas exploration, development and production company announces that the 2016 infill drilling campaign on the North West Gemsa field (Circle Oil 40%, NPIC 50%, SDX 10%) has been completed. The second of the two production wells, AASE-24 has been drilled to TD, completed and tied in to the […]

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