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south_ramadan

Pico hits oil pay in South Ramadan concession offshore Egypt

Posted: January 14, 2019 at 1:01 pm   /   Oil & Gas

Pico Oil has encountered oil pay at its well located in the South Ramadan concession offshore Egypt. The South Ramadan Concession is located offshore in the Gulf of Suez. SDX Energy is a 12.75% equity owner in the concession with Pico holding 37.5% and operatorship and GPC holding the remaining 50%. SDX Energy said on […]

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Fenosa

Egypt in talks with Union Fenosa Gas over Damietta LNG arbitration claim

Posted: January 13, 2019 at 2:10 pm   /   Oil & Gas

Egypt is in talks with Spanish-Italian JV Union Fenosa Gas (UGS) in a bid to have the European outfit drop its arbitration claim over gas supply interruptions at the Damietta liquefaction plant, an industry source tells the domestic press. The World Bank’s International Centre for Settlement of Investment Disputes ordered in September that Egypt pay […]

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jan-de-nul

Jan de Nul completes umbilical installation project offshore Egypt

Posted: January 9, 2019 at 4:12 pm   /   Oil & Gas

Jan De Nul Group has completed the installation and burial of the two main subsea umbilicals for the exploitation of new gas fields in the West Nile Delta concessions, located in the North Alexandria region. Specifically for this project, Jan De Nul Group reconfigured its multi-purpose vessel Willem de Vlamingh for umbilical installation. The two […]

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Idku

Egypt exporting 520 mmcf/d of natural gas from Idku LNG plant – official

Posted: January 6, 2019 at 3:30 pm   /   Oil & Gas

Egypt is currently exporting 520 million cubic feet of liquified natural gas (LNG) per day from its Idku export plant, a petroleum ministry official said on Wednesday. The country had been exporting 300 million cubic feet of LNG, the official said. The gas is exported by Malaysia’s Petronas, Royal Dutch Shell, and Egypt’s two main […]

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Gas Market

Egypt drafts strategy to become East Mediterranean energy hub

Posted: January 3, 2019 at 2:27 pm   /   Oil & Gas

Gov’t puts pen to paper on strategy for Egypt’s EastMed energy hub ambitions: A government committee has drafted a strategy to advance Egypt’s plan to become the premier energy hub in the Eastern Mediterranean region, according to a Cabinet statement. The strategy involves studying and benchmarking similar projects elsewhere, conducting a cost–benefit analysis, and devising […]

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Zohr

Production from Zohr natural gas field expected to reach 3 bcf/d this year

Posted: January 3, 2019 at 2:18 pm   /   Oil & Gas

Output from the Zohr natural gas field is expected to reach 3 bcf/d this year, Oil Ministry spokesman Hamdy Abdel Aziz told Al Hayah Al Youm’s Lobna Assal. The development of Zohr and several other fields, including the Nooros and Atoll, helped Egypt achieve natural gas self-sufficiency and halt LNG imports last year, Abdel Aziz […]

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egypt-solar-farm

JinkoSolar, Schneider donate 55kW off-grid solar project to Sinai town

Posted: January 3, 2019 at 1:43 pm   /   Renewables

JinkoSolar and Schneider Electric have completed a 55kW off-grid solar power project in Sinai to provide 35 families with electricity, according to a company statement. Before the project, the families of Abu Ghuraqd village used diesel generators, which gave them access to power only 8 hours per day and caused both noise and air pollution. […]

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World-Bank-RISE

Egypt’s renewable energy framework one of fastest-improving globally

Posted: January 3, 2019 at 1:27 pm   /   Renewables

Egypt among fastest-improving countries in developing renewable energy regulatory framework, says the World Bank. Egypt is one of the three fastest-improving countries in terms of regulatory frameworks for renewable energy between 2010 and 2017, according to the World Bank’s Regulatory Indicators for Sustainable Energy (RISE) 2018 report. Egypt’s total RISE score — which assesses regulation […]

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Saipem

Saipem lands $1.2 billion Zohr EPCI contract from Petrobel

Posted: December 20, 2018 at 6:18 pm   /   Oil & Gas

Saipem and Petrobel have negotiated an offshore contract addendum worth more than $1.2 billion for EPCI activities in relation to the “Ramp Up to Plateau” phase of the ‘supergiant’ Zohr field development project in the Mediterranean Sea off Egypt. The current addendum to the work includes the installation of a second 30-inch diameter gas export […]

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Siemens

Siemens strengthens Egypt’s grid with two new substations in the Delta

Posted: December 20, 2018 at 2:11 pm   /   Electricity & Power

Fast-track installation and erection time of less than 15 months. Featuring one of the country’s largest turnkey substations ever supplied. Substations will transmit electricity from the Burullus plant, supplying 15 million Egyptians with electricity. In a new move aimed at improving the resilience of Egypt’s power grid, Siemens today announced the completion of the two […]

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