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Video: The Beni Suef gas turbines leave from Berlin (Siemens)

Posted: February 26, 2016 at 12:57 pm   /   Electricity & Power

Sarah Hashish reports from Berlin, where the first two SGT5-8000H gas turbines bound for the Beni Suef power plant in Egypt are being lifted by heavy-duty cranes onto a motor barge. For more information visit http://www.siemens.com/energy/sgt-800 (Source: Siemens AG)

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Subsea 7 awarded West Nile Delta contract offshore Egypt

Posted: February 26, 2016 at 12:19 pm   /   Oil & Gas

Subsea 7 S.A. announced the award of a major (*) contract by BP, and partner DEA (Deutsche Erdoel AG), for the development of the Giza, Fayoum and Raven subsea fields offshore Alexandria, Egypt. This is the second phase of the West Nile Delta project, where the field development will be at depths of up to […]

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Strong Global Demand for Petrochemicals Fuels Optimism, says Chevron Phillips Chemical’s EVP at IHS CERAWeek

Posted: February 26, 2016 at 12:04 pm   /   Oil & Gas

Operating within the challenge and uncertainty of the current energy environment, Chevron Phillips Chemical Company LP’s Executive Vice President Mark Lashier outlines the company’s growth strategy at IHS CERAWeek in Houston, Texas. During a panel discussion, Lashier said, “We have an enthusiastic long-term view for petrochemicals thanks to a one-two combination of strong global demand […]

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EGA holds Roundtable headed by Minister of Petroleum

Posted: February 25, 2016 at 3:53 pm   /   Oil & Gas

The Egyptian Gas Association (EGA) held its first executive roundtable, titled “The Future of Natural Gas Industry in Egypt.” The purpose of the roundtable was to bring together industry leaders from both the private and public sectors, allowing them to connect and collaborate on the different issues affecting the natural gas industry in Egypt. In […]

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British companies looking to bring experience and expertise to Egypt’s new energy discoveries

Posted: February 24, 2016 at 1:31 pm   /   Oil & Gas

Terry Willis, Director of Africa and Middle East at the Energy Industries Council (EIC), has affirmed Egypt as a key market for leading British companies working in the oil and gas sector. Willis is in Egypt leading a week-long trade mission for eight British companies that provide specialised goods and services to the global energy […]

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MIDOR signs $1.2 billion loan agreement

Posted: February 24, 2016 at 1:18 pm   /   Oil & Gas

Egypt’s state-owned Middle East Oil Refinery Company (MIDOR) has signed an initial loan agreement with three banks for $1.2 billion, the state news agency said on Tuesday. The loan represents around 80 percent of the cost of its $1.4 billion Alexandria refinery lab expansion, while the remaining $230 million will be self-financed, MIDOR Chairman Mohamed […]

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PM Ismail and Schneider Electric's CEO discuss cooperation

Posted: February 23, 2016 at 7:46 pm   /   Electricity & Power

Prime Minister Sherif Ismail met on Saturday with Schneider Electric’s Chief Executive Officer in Egypt and North Africa Albert Fuchet, on the sidelines of Africa 2016 investment forum in the Red Sea resort city of Sharm el Sheikh. Ismail voiced appreciation for the projects being carried out by Schneider in Egypt, which serve the government’s […]

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The first steps of Zohr, the largest gas discovery in the Mediterranean Sea

Posted: February 22, 2016 at 3:32 pm   /   Oil & Gas

The Egyptian Ministry of Petroleum and Mineral Resources has approved that the Egyptian Natural Gas Holding Company (EGAS) grants Eni the Zohr Development Lease. The development plan envisages the start of production by the end of 2017, just two years after the discovery, with a progressive ramp up until reaching a volume of about 75 […]

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Dana Gas Egypt commits €355 million to E&P over three years

Posted: February 22, 2016 at 3:20 pm   /   Oil & Gas

Despite the state of global energy markets, Dana Gas, the Middle East’s leading privately owned gas company has faith enough in Egypt and the Al-Sisi administration to commit millions in exploration and production (E&P) in the country. Dana is based in the United Arab Emirates, but has assets in Egypt and the Kurdistan Region of […]

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Eni completes authorization process for the development of Zohr gas field

Posted: February 22, 2016 at 3:07 pm   /   Oil & Gas

The Egyptian Ministry of Petroleum has approved that EGAS grants Eni the Zohr Development Lease, which allows for the development of the gas field located offshore Egypt. The Egyptian Ministry of Petroleum and Mineral Resources has approved that the Egyptian Natural Gas Holding Company (EGAS) grants Eni the Zohr Development Lease, which, following the contractual […]

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