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SDX Energy raises $11m in funds to support operations in Egypt

Posted: May 24, 2016 at 1:33 pm   /   Oil & Gas

Oil and gas exploration and production company SDX Energy Inc has raised approximately $11 million through a private placement, which will be used to fund its activities in Egypt. “The proceeds will mainly be used on workover and waterflood programs at Meseda and on South Disouq’s 3D seismic program,” said Stephane Foucaud, an analyst at […]

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BP's exploration strategy shrinks with budget cuts

Posted: May 24, 2016 at 1:22 pm   /   Oil & Gas

The surprise departure of BP’s exploration boss has turned the spotlight on an oil search strategy that, after years of spending cuts, is focusing mainly on expanding existing fields rather than venturing expensively into the unknown. That caution reflects a firm chastened by the $55 billion cost of its 2010 Gulf of Mexico spill, and […]

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Infographic: Eastern Mediterranean pipelines (ABO.net)

Posted: May 24, 2016 at 1:06 pm   /   Oil & Gas

The existing pipelines, mostly concentrated in Egypt, Israel, Jordan and Lebanon and those still under construction bring gas to Europe. (Source: ABO.net)

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Egypt's gas projects to increase daily production to 5.5-6 bcf by end of 2019

Posted: May 23, 2016 at 1:59 pm   /   Oil & Gas

Egypt will increase its natural gas production to between 5.5 and 6 billion cubic feet per day by the end of 2019, Oil Minister Tarek El Molla said on Sunday, up from the current 3.9 bln cubic ft per day. Once an energy exporter, Egypt has turned into a net importer because of declining oil […]

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Video: Ghana Floating Production Storage and Offloading (Eni)

Posted: May 23, 2016 at 1:35 pm   /   Oil & Gas

The Offshore Cape Three Points (OCTP) is an integrated oil and gas development project and represents an important contribution to energy access in Ghana. The development of national resources in Ghana gas is a high priority for improving access to energy in the country. (Source: Eni)

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Circle Oil offers its stake in North West Gemsa field for sale

Posted: May 21, 2016 at 7:10 pm   /   Oil & Gas

Circle Oil Plc, the Irish incorporated oil and gas exploration, development and production company, is looking to sell its 40% stake in North West Gemsa field. The concessions are operated by a joint production company PetroAmir, whose partners include: EGPC, Zhen Hua (NPIC – 50% working interest and operator); Circle Oil Egypt Limited (40% working […]

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Siemens celebrates placement of first gas turbines at Beni Suef and new brand claim

Posted: May 21, 2016 at 1:39 pm   /   Electricity & Power

• Power plant capacity of 4.8 gigawatts once completed. • Reliable electricity for 15 million people. • Around 4,000 skilled Egyptian workers at construction site currently. • New Siemens brand claim “Ingenuity for life” launched in Egypt. Siemens celebrated the arrival of four H-class gas turbines at the Beni Suef power plant in Egypt. Two […]

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Video: Siemens celebrates placement of first gas turbines at Beni Suef & new brand claim

Posted: May 21, 2016 at 1:22 pm   /   Electricity & Power

On May 19, Siemens celebrated the placement of two of the 400 MW H-class turbines alongside six 500 kV generator transformers at the Beni Suef power plant in Egypt. An important milestone for the plant – set to become the world’s biggest gas-fired combined-cycle power plant complex when completed. http://www.siemens.com/egypt-megaproject (Source: Siemens AG)

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Assiut Refinery lets contract to Bechtel for modernization project

Posted: May 21, 2016 at 1:15 pm   /   Oil & Gas

Assiut Petroleum Refining Co. (ASORC), a subsidiary of Egyptian General Petroleum Corp. (EGPC), has let a contract to a subsidiary of Bechtel Corp., San Francisco, for a grassroots unit to be built as part of ASORC’s $1.5-billion modernization program at its 4.5 million-tonne/year refinery in Assiut, Egypt, about 400 km south of Cairo. Bechtel Hydrocarbon […]

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SDX Energy: Positive Development Well results in NW Gemsa

Posted: May 20, 2016 at 7:56 pm   /   Oil & Gas

Al Amir S.E. #24 Development Well SDX Energy Inc., an oil & gas exploration and production company with assets in Egypt & Cameroon, is pleased to provide the following update on the recently completed Al Amir SE 24 (AASE-24) development well in North West Gemsa, where SDX Energy has 10% working interest. The well encountered […]

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