EBRD finances $11 million environmental upgrade of Egypt’s Carbon Holdings
New investments will help local petrochemicals producer reduce N2O emissions. As part of its drive to help the Egyptian economy move to more environmentally friendly ways of production, the EBRD is providing local petrochemicals producer Carbon Holdings with a US$ 11 million loan. The funds will be used to improve standards beyond the current industry […]
Dana Gas receivables in Egypt reach $283 million in Q1 2017
Dana Gas said Thursday that total receivables in Egypt increased in the first quarter of fiscal year 2017 to $283 million, compared to $265 million in Q1-2016. The company has collected $13 million during Q1-2017, about 42% of total dues, according to a statement. “Dana Gas Egypt’s production was solid in Q1-2017. The onshore gas […]
Minister of Petroleum meets with Chief Executive Officer of German DEA
Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources met with Thomas Rappuhn, Chief Executive Officer of German DEA Deutsche Erdoel AG. El Molla discussed the mechanisms of future cooperation between the Egyptian Petroleum Sector and DEA , and the possibility of establishing cooperation between both sides over the coming period in the projects […]
Video: The West Nile Delta Story (BP)
Watch the story behind the West Nile Delta project in Egypt. The project was delivered eight months ahead of start-up schedule and under budget. First gas was exported to Egypt’s national grid on 24 March 2017 and the commissioning of all nine wells of the development’s first two fields and ramp up to stable operations […]
Egypt to cut down on LNG imports as production output surges
Rising domestic natural gas production prompted Egypt to start talks with its LNG suppliers to cut down on contracted cargo deliveries. The Egyptian Natural Gas Holding Company (EGAS) is looking to defer a number of cargoes scheduled for delivery through 2017, Reuters reports citing analysts. In addition to deferring 2017 cargoes, the company is looking […]
Total and Careem cooperate to raise road safety awareness
Total, the French integrated oil and gas company, signed a partnership agreement with Careem Egypt, to raise awareness of road safety among its customers. This came on the sidelines of the conference held by both companies to announce the launch of the joint campaign. Total’s annual investment is estimated at $18bn-$20bn, with net income of […]
Infographic: West Nile Delta – Taurus / Libra, Egypt (BP)
The WND development consists of five gas fields across two BP-operated offshore concession blocks, North Alexandria and West Mediterranean Deepwater. Production from the five fields is expected to reach up to 1.3 billion cubic feet a day (bcf/d), equivalent to about 30 per cent of Egypt’s current gas production. All the produced gas will be […]
BP starts production from West Nile Delta eight months ahead of schedule, production 20% above plan
BP today announced that it has started gas production from the first two fields, Taurus and Libra, of the West Nile Delta development in Egypt. The project was delivered eight months ahead of start-up schedule and under budget. First gas was exported to Egypt’s national grid on 24 March 2017 and the commissioning of all […]
First gas from West Nile Delta contributes to DEA’s growth
• Production from the West Nile Delta (WND) project commenced. • First gas ahead of schedule and production above plan. Production from the offshore WND gas fields commenced on 24 March 2017 from the first two fields, Taurus and Libra. Nine wells have now been commissioned and the fields are currently producing at a flow […]
Höegh Gallant begins periodical maintenance, to operate at full capacity during the summer
Norway’s Höegh began periodical servicing and maintenance operations last week on its Egypt-anchored Höegh Gallant floating storage and regasification, Al Borsa reports. The FSRU, a key part of Egypt’s natural gas import infrastructure, will be back at operating at full capacity throughout the summer months, re-gasifying 500 mmcf/d. (Source: Enterprise.press)