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TWMA awarded $15m contract by bp for WND, END Projects in Egypt

Posted: August 16, 2023 at 3:03 pm   /   Oil & Gas

TWMA has been awarded a contract worth up to $15 million to support a large-scale oil and gas project for bp in Egypt. The drilling waste management specialist will utilise its award-winning RotoMill drill cuttings processing technology to process all drilling waste generated from bp’s WND & END exploration and development project in the Mediterranean […]

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Joint Venture of Wintershall Dea and EGAS First to Achieve Zero Routine Flaring in Egypt

Posted: August 3, 2023 at 11:04 pm   /   Oil & Gas

Wintershall Dea and its partner, the Egyptian Natural Gas Holding Company (EGAS), have achieved zero routine flaring at the DISOUCO Joint Venture in Egypt. The JV company between EGAS and Wintershall Dea becomes the first company in Egypt to do so. In October 2022 Wintershall Dea and EGAS signed a letter of intent to reduce […]

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Hitachi Energy advances the energy transition dialogue in Morocco

Posted: August 3, 2023 at 10:57 pm   /   Electricity & Power

The High Voltage Energy Day event brought together key industry stakeholders from various sectors to discuss Morocco’s energy future. Hitachi Energy, a pioneering technology leader, held its High Voltage Energy Day event in Morocco’s vibrant city of Casablanca in June 2023, joined by customers and partners. Bringing together participants from diverse market industries and business […]

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ExxonMobil Egypt Celebrates Kafr Elsheikh University’s Triumph in Enactus Egypt’s National Competition

Posted: August 3, 2023 at 10:52 pm   /   Oil & Gas

ExxonMobil Egypt joined the final round of Enactus Egypt’s annual national competition, bringing together 1300 students. Kafr Elsheikh University Enactus Team was announced as the national champion of this competition with the project “Hermetia” for its innovative approach in contributing to solving fish, poultry and animal feed shortage and innovating the first biological water filter. […]

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Wintershall Dea Q2 2023: progress against diversification and decarbonisation strategy

Posted: August 3, 2023 at 10:49 pm   /   Oil & Gas

In a media roundtable today, Wintershall Dea CEO Mario Mehren reported the company’s operational and financial results from the second quarter.   The company reported stable production at 322,000 barrels of oil equivalent per day in Q2 2023, up three per cent year-on-year. EBITDAX was at 975 million euros, 24 per cent lower year-on-year, reflecting […]

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ACWA Power granted land for 10 GW Wind Project in Egypt

Posted: July 18, 2023 at 11:51 am   /   Renewables

ACWA Power, a Saudi-listed company and the world’s largest private water desalination company, the first mover into green hydrogen, and a leader in energy transition, today signed a memorandum of understanding (MoU) with the New and Renewable Energy Authority (NREA) to allocate land for a 10 GW wind project in Egypt. The agreement was signed […]

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ExxonMobil Egypt Signs Collaboration Agreement with Opel Agent Mansour Automotive

Posted: July 18, 2023 at 11:43 am   /   Oil & Gas

ExxonMobil Egypt Signs a Collaboration Agreement with Mansour Automotive, Opel Exclusive agent in Egypt to Supply Opel with Premium Lubricants ● Askar: We take great pride in our new collaboration with Mansour Automotive and Opel Exclusive agent in Egypt, a preeminent name in the Egyptian automotive market, and we believe this collaboration is of strategic […]

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Shell, Partners to Develop Phase 10 in Egypt’s West Delta Deep Marine (WDDM) Concession

Posted: July 6, 2023 at 8:16 pm   /   Oil & Gas

Development of tenth phase of WDDM concession to commence in Q4/2023, with first gas output expected in 2024 Shell Egypt (BG Delta Limited) a subsidiary of Shell plc., and its partners; the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC) and Petronas signed an agreement to commence development of the tenth […]

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Eni to acquire Neptune Energy, with Norway assets going to Var, in $4.9bn deal

Posted: June 23, 2023 at 3:49 pm   /   Oil & Gas

Italian supermajor Eni’s takeover of Neptune Energy – a deal that has been rumoured for months – has officially been confirmed. A sale and purchase agreement has been formally agreed between the two groups, with Eni-owned Var Energi simultaneously signing a deal for Neptune’s Norwegian assets. The combined value of both transactions is $4.9 billion, subject to […]

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Actis, Edra looking to acquire Egypt’s Siemens power plant for up to $2 bn

Posted: June 11, 2023 at 2:40 pm   /   Electricity & Power

PE firm Actis and Malaysian power company Edra could spend up to USD 2 bn to acquire one of our Siemens-built power plants. Actis, Edra eye Siemens power plant: Private equity outfit Actis and Malaysian power company Edra have renewed their interest in acquiring one of the three Siemens-built power plants in a transactionthat could be worth USD 2 bn, Bloomberg reported Thursday, citing anonymous […]

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