Newsletter subscribe
Archive
Egy-Cyp

Cyprus signs deal with Egypt for transfer of natural gas via pipeline

Posted: September 1, 2016 at 9:44 pm   /   Oil & Gas

Cyprus signed a deal on Wednesday for the transfer of natural gas via pipeline to Egypt, once extraction starts of discoveries made off the Mediterranean island. U.S. energy firm Noble found an estimated 4.5 trillion cubic feet of natural gas in one prospect off Cyprus in late 2011. A consortium of Italy’s ENI and Korea’s […]

No Comments read more
adnoc

ADNOC joins as Host of SPE Annual Technical Conference and Exhibition

Posted: September 1, 2016 at 9:39 pm   /   Oil & Gas

The Society of Petroleum Engineers (SPE) is pleased to announce that the Abu Dhabi National Oil Company (ADNOC) will be the host organization of this year’s SPE Annual Technical Conference and Exhibition (ATCE). ATCE will take place in Dubai from 26–28 September under the patronage of the Vice President and Prime Minister of the United […]

No Comments read more
Paul Welch

SDX CEO: Egypt's Oil & Gas Sector set to grow in next 5 years

Posted: August 25, 2016 at 4:25 pm   /   Oil & Gas

The Egyptian oil and gas sector is set to grow over the next five years, exploration and production company SDX Energy Inc.’s president and CEO Paul Welch said. “It will grow. Businesses will grow, employment will grow,” Welch told Rigzone. Supporting his prediction, Welch stated that ENI S.p.A’s giant Zohr discovery in Egypt still needs […]

No Comments read more
south disouq

SDX Energy 'well placed' to drill South Disouq well

Posted: August 25, 2016 at 4:20 pm   /   Oil & Gas

SDX Energy Inc. is well placed to maximize the potential of its South Disouq asset in Egypt, says the company’s president and CEO Paul Welch. “We have a solid financial position which is underpinned by high-margin production that enables us to generate positive free cash flow down to $15 oil,” he commented in a company […]

No Comments read more

Eni plans to raise Nooros production to 180 mcf/d by mid-September

Posted: August 24, 2016 at 7:13 pm   /   Oil & Gas

Eni plans to bring gas production at Nooros field to 180 mcf/d by mid-September after connecting three of the field’s wells to the national grid, Al Borsa reports. Gas production from the field is expected to reach 700 mcf/d by year’s end, said a source from EGAS. (Source: Enterprise.press)

No Comments read more

Danish wind turbine manufacturer Vestas expected to sign $2.3bn Egypt agreement

Posted: August 24, 2016 at 7:10 pm   /   Renewables

Shares in Danish wind-turbine maker Vestas rose almost 5 percent on Monday after a minister said it expects to sign a cooperation agreement with the Egyptian government worth up to 2 billion euros ($2.3 billion). The agreement could lead to as much as 2.2 gigawatt (GW) of orders, the Danish ministry of energy, utilities and […]

No Comments read more

Apache plans on increasing investment in Egypt’s oil & gas exploration sector

Posted: August 22, 2016 at 4:08 pm   /   Oil & Gas

The government is providing new areas for international companies to increase their oil and gas exploration processes, says CEO. Apache, an American company specialised in the field of petroleum, plans to inject new investments in Egypt during the coming period and to sign new contracts for exploration soon, according to the company’s CEO John Christmann. […]

No Comments read more

Egypt Discovery Transforms Petroleum Outlook in Eastern Mediterranean

Posted: August 19, 2016 at 1:16 am   /   Oil & Gas

Egypt is in a different league than its neighbors in the Eastern Mediterranean when it comes to oil and gas exploration. Op-Ed by Carole Nakhle The Lebanese Center for Policy Studies. When it comes to oil and gas exploration and production, Egypt is in a different league than its neighbors in the Eastern Mediterranean. Its […]

No Comments read more

EGAS to tender up to nine new Mediterranean concessions, reprice North Sinai gas

Posted: August 17, 2016 at 7:00 pm   /   Oil & Gas

EGAS will issue tenders for oil and gas exploration and production in eight or nine concession in the Mediterranean by the end of the year, Oil Minister Tarek El Molla told Al Borsa, bringing the total number of concessions during the year to 30. The new tender is set to be issued once EGPC and […]

No Comments read more
EBRD Egypt Solar

Scatec Solar hoping for compromise deal to keep Egypt solar scheme

Posted: August 17, 2016 at 4:13 pm   /   Renewables

A group of developers, including Scatec Solar, are renegotiating the terms of their power purchase agreements (PPA) with the Egyptian government in an effort to keep them on the existing timetable. Enel Green Power had previously confirmed that it had put its operations in the country on hold. A second consortium that won capacity in […]

No Comments read more