Siemens signs long-term service agreement for existing power stations in Egypt
Solution upgrades to help meet demand peaks at three power plants currently operating in Egypt Will help ensure reliability and availability of country’s energy supply Siemens has extended a long-term contract to provide service and maintenance, as well as component upgrades, at the Nubaria, Talkha and El Kureimat power stations in Egypt. The agreement was […]
IEA: Oil price recovery will be short-lived
A recent rise in oil prices is a “false dawn” and the oversupply of crude is set to worsen, according to the International Energy Agency (IEA). The IEA expects oil stocks to grow by two million barrels a day in the first quarter and 1.5 million barrels a day in the following three months. In […]
As Big Oil shrinks, boards plot different paths out of crisis
As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis. Crude prices have tumbled around 70 percent over the past 18 months to around $35 a barrel, leading to five of the world’s top oil companies […]
SDX Energy: Positive Development Well results boosts Production from NW Gemsa
Al Amir S.E. #23 Development Well Test Results – 3,860 BOPD! SDX Energy Inc., an oil & gas exploration and production company with assets in Egypt & Cameroon, is pleased to announce the Al Amir SE 23 development well in North West Gemsa, has encountered significant oil bearing reservoir sections in both the Kareem Rahmi […]
EBRD: $341 million loan to upgrade Egypt’s oil and gas infrastructure
The European Bank for Reconstruction and Development (EBRD): The funds will be used to construct and operate a bulk-liquids terminal. A US$ 341 million facility to Sonker, an Egyptian company providing hydrocarbon storage and bunkering, will support a significant upgrade of the country’s oil and gas infrastructure and will contribute to the energy security of […]
Eni and EGPC establish JV for Zohr ‘super giant’ gas field
Eni and Egyptian General Petroleum Corporation (EGPC) have announced to enter into a joint venture to create Petro Shorouk. Petro Shorouk will be a subsidiary of Petrobel and will be tasked to complete the first stage of development of the Zohr gas field by the end of 2017, according to Daily News Egypt reports. The […]
Video: What is LNG? Turning natural gas into liquid (Shell)
As global demand for natural gas grows, companies are using advanced technology to transport it from source to customers. Gas can be piped over relatively short distances. But cooling the gas to -162°C (-260°F) turns it to liquid for easier, safe shipment to faraway markets overseas. Shell provided the natural gas for the first liquefied […]
Italy eyes energy projects in Egypt
Italian Minister of Economy Federica Guidi previously said Egypt is keen on attracting Italian investments Italy has agreed to upgrade Egypt’s Middle East Oil Refinery (MIDOR), participate in building a complex for petrochemical industries in Ain Sokhna, and update a number of combined-cycle power plants. The projects are also expected to increase energy efficiency, Head […]
Infographic: Siemens will boost Egypt's power generation capacity by 50%
Three natural gas-fired combined cycle power plants – each powered by eight Siemens H-Class gas turbines – and up to 600 wind turbines will boost Egypt’s power generation capacity by more than 50 percent compared to the currently installed base. Beginning in 2017, they will add power to the grid in stages and will add […]
Wood Mackenzie: Shell's acquisition of BG secures industry leading positions in deepwater oil and LNG
Since the deal was announced in April, oil prices have near halved and Shell’s share price has fallen 35%. The strategic drivers for the acquisition remain compelling despite deepening turmoil across the oil and gas sector. “First mover advantage secures Shell industry leading positions in deepwater oil and LNG,” says Tom Ellacott, Senior Vice President […]
