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WesternGeco Seismic

First phase of Red Sea seismic mapping completed – El Molla

Posted: October 21, 2018 at 3:16 pm   /   Oil & Gas

Phase one of seismic mapping of Red Sea completed: The first phase of the seismic mapping of energy and mineral resources in the Red Sea — a precursor step to tendering exploration concessions there — has been completed, Oil Minister Tarek El Molla said on Thursday, according to Al Shorouk. Tendering concessions there to the […]

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Lukoil

Lukoil’s CEO hopes for prompt extraction at Meleiha Block in Egypt

Posted: October 21, 2018 at 2:20 pm   /   Oil & Gas

Russia’s oil giant LUKoil hopes that extraction at the Meleiha Block, which the company is developing jointly with Italy’s Eni and Japan’s Mitsui, will start as soon as the talks with the Egyptian government are finished, LUKoil CEO Vagit Alekperov said on Friday. Russia’s oil giant LUKoil hopes that extraction at the Meleiha Block, which […]

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End of an era: The Höegh Gallant leaves Egypt, sets U.S. destination

Posted: October 21, 2018 at 1:49 pm   /   Oil & Gas

The Höegh Gallant floating storage regasification unit (FSRU), until recently the final critical link in Egypt’s natural gas import chain, left Egypt on Thursday, ending an era of gas imports and ushering Egypt’s re-emergence as a regional gas export hub. The FSRU set course for the US Sabine Pass production facility, according to Reuters. Höegh […]

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WDDM

Production from first well of Shell’s WDDM Phase 9B begins at 20 mmcf/d

Posted: October 21, 2018 at 1:42 pm   /   Oil & Gas

Shell-EGPC JV Rashid Petroleum Company (Rashpetco) has begun production from its natural gas well at the West Delta Deep Marine field Phase 9B, Chairman Sabry El Sharkawy said. The well’s initial output is estimated at 20 mmcf/d and the entire project is set to come online by 2H2019, producing up to 400 mmcf/d according to […]

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Clean-Coal

Egypt to build world’s biggest, most advanced clean-coal power plant

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

As ports go, even sailors could struggle to find Hamrawein on the map. This town on the Red Sea, 600 kilometres south-east of Cairo is dwarfed by other harbours on the route to Suez, but all that will change over the next six years as Egypt builds the world’s largest clean-coal plant. A Chinese conglomerate […]

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SDX

SDX Energy ends talks with BP over the sale of Egyptian assets

Posted: October 18, 2018 at 3:26 pm   /   Oil & Gas

SDX Energy and BP mutually agree to end discussions which could have see SDX buy a package of assets. SDX Energy, the North Africa focused oil and gas company, has announced that, further to the announcement made on 20 September 2018, discussions regarding its proposed acquisition of a significant package of assets in Egypt from […]

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BP Concessions

BP’s Qattameya well to produce 60 mmcf/d of gas by 2020

Posted: October 18, 2018 at 3:19 pm   /   Oil & Gas

BP will begin producing 60 mmcf/d of natural gas from its Qattameya Shallow-1 exploration well in the North Damietta East Nile Delta marine concession by 2020, a source from the industry told Youm7. Early works on the well are due to begin soon as BP had promised in April to begin production by no later […]

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Bloomberg Markets

Egypt planning new Oil & Gas production contracts to attract investors

Posted: October 18, 2018 at 12:58 pm   /   Oil & Gas

New, simpler terms for exploration in country’s frontier areas. Egypt seeks investment as it targets gas shipments to Europe. Egypt is working on a new model for future oil and natural gas production contracts in undeveloped areas to spur exploration and help become self-sufficient in energy, oil ministry and company officials said. The most populous […]

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Faramid

EGAS agrees to purchase gas from Eni’s Faramid at $2.6/MMBtu

Posted: October 18, 2018 at 12:42 pm   /   Oil & Gas

The Egyptian Natural Gas Holding Company (EGAS) reportedly agreed to purchase natural gas produced from Eni’s Faramid South asset at USD 2.6/MMBtu, sources from EGAS said. The well, which is in Eni’s East Obayed concession in the Western Desert, has been closed pending Eni reaching an agreement with Royal Dutch Shell over the terms of […]

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UEG-KEC

United Energy to raise Egypt investment, participate in upcoming Bid Rounds

Posted: October 18, 2018 at 12:37 pm   /   Oil & Gas

Petroleum Minister Tarek Molla welcomed plans of China’s United Energy Group to invest in Egypt for the first time. The company expressed desire to take part in international tenders in Egypt in view of promising investments in oil exploration in the country. Molla made the remarks during a meeting on Wednesday with a delegation from […]

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