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EastMed

EastMed pipeline project seeks offshore EPCI players in tender

Posted: April 30, 2020 at 3:02 pm   /   Oil & Gas

IGI Poseidon has rolled out a tender for EPCI activities related to offshore sections of EastMed pipeline project. IGI Poseidon is a 50:50 joint venture between Public Gas Corporation of Greece (DEPA) and Edison International Holding. Eastern Mediterranean (EastMed) is a 1,900 kilometers long natural gas pipeline project to connect the gas reserves of the […]

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frontier

Frontier, Rystad Energy to discuss Oil Market Uncertainty in Age of COVID-19

Posted: April 27, 2020 at 7:30 pm   /   Oil & Gas

Frontier LIVE will feature Rystad Energy, the independent energy research and business intelligence company for the Oil Market Uncertainty in the Age of COVID-19 Webinar on Thursday, April 30, 2:00pm – 2:45pm BST. Join us for analysis and interactive discussion on what now for the oil market in these extraordinary times. Simon Sjøthun of Rystad […]

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Damietta LNG

Eni, Naturgy’s deal with Egypt to restart Damietta LNG plant breaks down

Posted: April 26, 2020 at 3:07 pm   /   Oil & Gas

The resolution of a long-simmering dispute over a shuttered Damietta LNG plant has fallen apart despite an agreement reached last month, according to a cabinet statement. Parties to the dispute include Spanish gas firm Naturgy Energy Group, Italy’s Eni, and the Egyptian government. Why does this matter? First, the dispute was closely followed by investors […]

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Dana Gas

Dana Gas to demerge its Upstream and Midstream businesses

Posted: April 25, 2020 at 2:18 pm   /   Oil & Gas

Shareholders of Dana Gas, the Middle East’s largest regional private sector natural gas company, at the Annual General Meeting gave approval for the demerger of the Company’s Upstream and Midstream businesses. Shareholders also approved the Board of Director’s recommendation to distribute an AED 5.5 fils per cash dividend for the financial year ended 31 December […]

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SDX

SDX Energy announces successful flow rate test at Sobhi discovery well in Egypt

Posted: April 25, 2020 at 2:13 pm   /   Oil & Gas

SDX Energy, the MENA-focused oil and gas company, has provided an update on well-testing operations at the SD-12X (‘Sobhi’; SDX 100% working interest) discovery well in the South Disouq Exploration Permit onshore Nile Delta, Egypt (SDX 55% working interest). The drill stem test (DST) at the Sobhi well began with a step-rate test of one […]

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Enppi

Enppi targeted by spear phishing attack, cybersecurity firm Bitdefender says

Posted: April 23, 2020 at 7:02 pm   /   Oil & Gas

Cybersecurity firm Bitdefender says state-owned oil and gas company Enppi has been targeted by a spear phishing malware attack, Energy Voice reports. Emails claiming to represent the company, impersonating tender documents and referencing the Rosetta development, went out starting on 31 March, in an attempt to gain insider information. Spear phishing picks up Egyptian opportunity […]

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Med-TSO

Bridging the energy gaps across the Mediterranean: Med-TSO Action Plan 2020-25

Posted: April 23, 2020 at 6:46 pm   /   Electricity & Power

With 2020 begins a new phase for the Association of Mediterranean Transmission System Operators, described in the Action Plan 2020-25. The plan was brought to life after the European Commission shared its renewed interest in the Association’s technical activities, aimed at reinforcing a multilateral cooperation across members with the hopes of inspiring further integration of […]

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pharos

Pharos Energy exits group looking to acquire Shell’s Western Desert assets

Posted: April 21, 2020 at 2:11 pm   /   Oil & Gas

On 6 March 2020, Pharos Energy confirmed that it was in the preliminary stages of evaluating the acquisition, as part of a consortium, of Shell Egypt’s upstream portfolio in the Western Desert in Egypt (‘Western Desert Assets’). The Board of Pharos evaluates M&A opportunities with reference to strict strategic, financial and operational criteria. In light […]

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saipem

Saipem, Petrojet win contract for Egypt’s first polybutadiene plant

Posted: April 21, 2020 at 2:04 pm   /   Oil & Gas

Saipem awarded Egypt’s first polybutadiene plant, in consortium with Petrojet, for an overall amount of approximately 150 million USD. Saipem, leading a consortium with Egypt-based Petrojet, has been awarded a contract by Egyptian Ethylene & Derivatives Co. (Ethydco) for the first polybutadiene-producing facility in Egypt, with an expected production capacity of 36,000 MT/Y. Saipem and […]

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ACWA

ACWA Power contributes EGP 5.5m to support Egypt in combating COVID-19

Posted: April 21, 2020 at 1:57 pm   /   Electricity & Power

ACWA Power contributes EGP 5.5 million to support Tahya Misr Fund’s efforts in combating COVID-19. The contribution will be directed towards ventilators and RT-PCR detection kits. ACWA Power – a leading energy and water desalination provider – has donated EGP 5.5 million to Tahya Misr Fund with an aim to support the Egyptian government’s efforts […]

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