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Infographic: Mittelplate – Overview of technical facilities (DEA Group)

Posted: May 13, 2016 at 1:22 pm   /   Oil & Gas

Mittelplate Drilling and Production Island is located in the southern section of the Schleswig-Holstein Wadden Sea, which has enjoyed national park status since 1985. Mittelplate is in Protection Zone 2 of the National Park, where only certain activities are permitted. Oil production in the Mittelplate area is one of activities permitted on these offshore mud […]

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Video: DEA Seismic Surveys

Posted: May 12, 2016 at 1:29 pm   /   Oil & Gas

DEA Deutsche Erdoel AG Seismic Surveys. How we use 3D seismic technology to find oil and natural gas. (Source: DEA Group)

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Independent Resources close to extracting revenue at East Ghazalat

Posted: May 12, 2016 at 1:27 pm   /   Oil & Gas

Independent Resources was moving closer to extracting revenue from its East Ghazalat concession in Egypt on Tuesday, as it updated the market on the project’s recent developments. The firm holds a 50% share in East Ghazalat, along with fellow AIM-traded company Nostra Terra Oil & Gas. Its board said it was continuing to make progress […]

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Petroceltic International provides examinership process update

Posted: May 12, 2016 at 1:19 pm   /   Oil & Gas

Petroceltic International Plc, the international Oil and Gas exploration development and production company, provides an update on the status of the petition for examinership of Petroceltic and two wholly owned subsidiary companies presented to the High Court of Ireland on 4 March 2016. On 4 March 2016 Sunny Hill Limited announced that Worldview EHS International […]

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Eni's production reaches 65,000 boed with Nooros field just 10 months after discovery

Posted: May 11, 2016 at 9:01 pm   /   Oil & Gas

Eni, following the start of production of the Nidoco North 1X exploration well and the Nidoco North West 4 development well, brought the production of Nooros field,  to around 65,000 barrels of oil equivalent per day. This new milestone is achieved in just 10 months of discovery. Eni, following the start of production of the […]

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Deal Flow for Corporate Oil & Gas Players

Posted: May 11, 2016 at 8:59 pm   /   Oil & Gas

The 14th Africa Independents Forum 2016, held 25-26th May in London at the Waldorf Hilton, being hosted by the Global Pacific & Partners / ITE Group Plc JV, gathers together leading independents and corporate players worldwide and from across Africa, both listed and unlisted, large and small, established and new entrants, and provides enhanced exposure […]

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Minister of Petroleum speaks before the Bilateral US-Arab Chamber of Commerce

Posted: May 11, 2016 at 8:42 pm   /   Oil & Gas

On the sidelines of the Offshore Technology Conference (OTC), which was held the US city of Houston, Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, participated in the annual meeting of the Egyptian Ministry of Petroleum, which was organized by the Bilateral US-Arab Chamber of Commerce under the slogan of (Increasing the Current […]

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OTC 2016: El-Molla holds intensive talks with International Companies

Posted: May 11, 2016 at 8:35 pm   /   Oil & Gas

On 6th may 2016, Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources, held various meetings with a number of Heads of international companies operating in Egypt. He discussed the development program of North Alexandria fields and Atoll field, with BP’s Chief Executive for research and production, the development program of North Alexandria fields and […]

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Expansion of gas production tops state priorities for next period

Posted: May 11, 2016 at 7:56 pm   /   Oil & Gas

Egypt currently consumes about 73m tonnes of oil, 33m tonnes of this is directed to the electricity sector. The Cairo Oil Refining Company (CORC) is currently working on launching a new plant to refine about 4.2m tonnes of crude oil annually into liquefied petroleum gas (LPG) and other petroleum derivatives, Egyptian General Petroleum Corporation (EGPC) […]

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ECHEM eyes $15 billion investments in Egypt

Posted: May 11, 2016 at 7:50 pm   /   Oil & Gas

The Egyptian Petrochemicals Holding Company (ECHEM) is designing a blueprint for hiking investments from $5 billion to $15 billion within 5-10 years, said ECHEM Vice-President Hussien Ismail. Feasibility studies are underway for a number of vital projects, including a petrochemical project in Suez Canal Axis, a Polypropylene production project, as well as a plant for […]

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