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EGAS

Bloomberg: Swiss Court Fines Egypt $2 Billion

Posted: April 29, 2017 at 11:06 pm   /   Oil & Gas

• Court says Egypt breached contract to supply gas to Israel. • Israel now hoping to export natural gas to southern neighbor. A Swiss court ordered Egyptian natural gas companies to pay Israel’s state-owned electricity provider $2 billion in fines for breach of previous contracts, a step that could complicate chances for the two nations […]

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taqa

TAQA Gas to supply Egyptian Black Sand Company with 1,300 cubic metres of gas per day

Posted: April 27, 2017 at 1:55 pm   /   Oil & Gas

The Egyptian Black Sand Company (EBSC) signed a contract with TAQA Gas, a subsidiary of TAQA Arabia, to supply 1,300 cubic metres of gas per day to the black sand separation plant in Kafr Al-Sheikh. Major General Ashraf Soltan, chairperson of the EBSC, said that the company contracted with TAQA to provide the gas necessary […]

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Dana Gas makes first Egypt gas condensate sale as arrears continue to mount

Posted: April 27, 2017 at 1:40 pm   /   Oil & Gas

Dana Gas PJSC, the Middle East’s largest regional natural gas company, has today achieved an important milestone with the first international sale of condensate in Egypt under the Gas Production Enhancement Agreement (GPEA). The first cargo is approximately 150,000 barrels of Wastani condensate and was loaded on 15 April 2017. The buyer has issued a […]

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Abu Sennan

Rockhopper Exploration commences Abu Sennan drilling campaign

Posted: April 26, 2017 at 1:05 pm   /   Oil & Gas

Rockhopper Exploration plc, the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to announce the commencement of the 2017 drilling campaign on the Abu Sennan Concession in Egypt in which the Company has a 22% working interest. Exploration well Al Jahraa SE-2X, situated on […]

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Nutty Security

ThinJack® Unveils NuttySecurity™ in Egypt

Posted: April 25, 2017 at 7:44 pm   /   Oil & Gas

New technology from leading Aberdeenshire-based oil service company ThinJack Ltd has received a warm welcome at its unveiling to the Egyptian market. The company, which has a global reputation for riglessly separating seized well flanges, recently held the Egyptian launch of NuttySecurity™ at the Egypt Petroleum Show (EGYPS), in Cairo. The technology is being delivered […]

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MOS

Maridive turns profitable in FY2016

Posted: April 24, 2017 at 8:40 pm   /   Oil & Gas

Maridive and Oil Services on Sunday posted a consolidated net profit of $21.07 million for fiscal year 2016, against a consolidated net loss of $23.43 million for FY15. Standalone net profits increased in FY16 by 43.4% to $11.14 million, versus EGP 7.76 million for FY15, according to a bourse filing. Revenues, however, declined in FY16 […]

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Egypt & Siemens to form JV boosting oil generator business

Posted: April 23, 2017 at 12:27 pm   /   Oil & Gas

State-run Egyptian Electricity Holding and Egyptian Maintenance Company for Petroleum Services are in the process to establish a joint venture with German industrial giant Siemens, Ministry of Petroleum announced in a Thursday statement. Egyptian Minister of Petroleum Tarek el-Molla received earlier a delegation from Siemens, which involved Emad Ghaly, chief executive of Siemens Egypt; and […]

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President Sisi underlines importance of developing Egypt's petroleum sector

Posted: April 23, 2017 at 12:21 pm   /   Oil & Gas

President Abdel Fattah El Sisi highlighted on Thursday 20/04/2017 the importance of developing the petroleum and mineral wealth sector in Egypt, as a cornerstone of national economy. During a meeting with Prime Minister Sherif Ismail and Petroleum Minister Tarek el-Molla, the president urged attracting more foreign investments in this field. He also highlighted the necessity […]

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Egypt considers deferring as many as 25 LNG shipments this year and many more in 2018

Posted: April 23, 2017 at 12:04 pm   /   Oil & Gas

There are jitters in the LNG market over Egypt’s planned deferral of some 25 shipments of LNG this year and more in 2018, various sources tell Reuters. The nation’s appetite for LNG imports will decrease further once Egypt’s major gas developments come online, starting with the supergiant Zohr field this fall. Only a small portion […]

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GE to localize its equipment manufacturing in Egypt

Posted: April 20, 2017 at 9:52 pm   /   Oil & Gas

The company is looking for another location to establish a new facility. General Electric (GE) Oil & Gas president and CEO for the Middle East, North Africa, and Turkey region (MENAT), Rami Qasem, stated that the company is committed to Egypt, adding that GE is willing to localize more of its manufacturing in the country. […]

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