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EGAS makes first LNG payments for year – sources

Posted: March 8, 2016 at 1:42 pm   /   Oil & Gas

Egypt’s state-owned EGAS has made its first payments to liquefied natural gas (LNG) suppliers since payment terms for deliveries were extended, trade sources said. Egypt imports around six to eight cargoes of LNG per month and traders said that until last week EGAS had not paid suppliers since December when it extended payment terms to […]

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Egypt's Ethydco finishes 97% of its $1.9bn ethylene complex

Posted: March 7, 2016 at 8:19 pm   /   Oil & Gas

Egyptian Ethylene and Derivatives Company (Ethydco) has finished 97.2 percent of its petrochemicals complex, Chairman Abd El-Rahman Zeid announced Saturday. The total investment cost of the project is estimated at US$1.9 billion. He made these remarks in his speech during the visit of Petroleum Minister Tarek El-Molla’s visit to the complex. The complex encompass four […]

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Eni’s Clean Sea to Survey Mediterranean and West Africa

Posted: March 7, 2016 at 8:04 pm   /   Oil & Gas

Clean Sea, proprietary technology designed by Eni’s research laboratories, will be used for the first time for marine environmental monitoring and offshore asset inspection in the Mediterranean region and West Africa. Clean Sea is the result of one of Eni’s most recent R&D projects, focusing on environmental characterization and protection. According to the company, this […]

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Video: The oil and gas chain (Total)

Posted: March 5, 2016 at 4:00 pm   /   Oil & Gas

The fossil fuel value chain starts with finding and producing deposits, which generally takes between 10 and 15 years, and spans oil and gas transportation. Discover more about the oil and gas chain. For more information, visit Planète Energies website: (Source: Total)

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Egypt seals deal with Azerbaijan on refining crude in local plants

Posted: March 5, 2016 at 1:17 pm   /   Oil & Gas

The Egyptian government has reached an agreement with Azerbaijan on refining 500,000 barrels of crude oil a month in the Egyptian refineries, and exchanging Egypt’s naphtha with petrol 95. In statements to Al Mal newspaper, the head of Egyptian General Petroleum Corporation (EGPC) Mohamed Al Masry said that the agreement aims at using spare refining […]

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Infographic: Growing demand for energy (BP Energy Outlook)

Posted: March 5, 2016 at 1:09 pm   /   Oil & Gas, Renewables

Energy consumption by fuel (billion tonnes of oil equivalent) Today around 32% of energy consumed comes from oil, 30% from coal, and 24% from gas – so 86% from fossil fuels in total. Hydroelectricity accounts for 7%, nuclear for 4% and other renewables for just 3%. We believe a diverse mix of fuels and technologies […]

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Petrobel extends duty for KS Medstar-1 Jackup Rig in a new $6 million contract

Posted: March 4, 2016 at 7:37 pm   /   Oil & Gas

KS Energy Group’s Jack-Up Rig “KS Medstar-1” continues to drill in Egypt under a new contract valued at US$6 million. KS Energy Limited announced that a subsidiary of KS Drilling Pte Ltd has secured a new contract with Belayim Petroleum Company (Petrobel) for the KS Medstar 1 (300′ ILC), a 300-feet cantilever jack-up drilling rig […]

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Video: Höegh LNG Operations

Posted: March 4, 2016 at 2:00 pm   /   Oil & Gas

Höegh LNG offers comprehensive solutions through its extensive development, project management and construction skills, and  has successfully executed integrated projects for customers, which include both floating import/receiving terminals (FSRUs) and infrastructure such as mooring systems and export pip elines. Höegh LNG’s floating terminals are based on constructing new assets with the latest and most efficient technology, […]

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SacOil completes Phase 2 of Lagia Oil Field Development Programme

Posted: March 2, 2016 at 8:22 pm   /   Oil & Gas

SacOil Holdings Limited, on behalf of its subsidiary, Mena International Petroleum Company Limited (“Mena”), is pleased to announce the successful completion of Phase 2 of the development programme and the achievement of the production target of 1,000 bbl/d at its 100% owned Lagia oil field in Sinai, onshore Egypt. As reported previously, Phase 2 of […]

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Bloomberg: Eni Leads the Pack in Replacing Oil and Gas Reserves

Posted: March 1, 2016 at 7:12 pm   /   Oil & Gas

Eni SpA led all its peers in the proportion of new resources it added to offset the oil and natural gas it pumped during the year, and that’s not even counting the new “super giant” discovery off Egypt. Reserves are crucial for valuing a company because they form the basis for future output, making Eni’s […]

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