Newsletter subscribe
Sapura

Sapura Energy secures Gulf of Suez work offshore Egypt

Posted: April 25, 2019 at 8:39 am   /   Oil & Gas

Sapura Offshore Sdn Bhd has received a subcontract from Pan Marine Petroleum Services Co. The work scope includes the installation of six new subsea pipelines in the Gulf of Suez for the Gulf of Suez Petroleum Co., a joint venture between BP plc and Egyptian General Petroleum Corp., the national oil company. Works will be […]

No Comments read more
BP

ENOC’s Dragon Oil to acquire BP’s mature assets in Egypt?

Posted: April 17, 2019 at 8:36 am   /   Oil & Gas

Emirates National Oil Company (ENOC) subsidiary Dragon Oil is set to acquire unspecified assets in Egypt within the next three to four months, Dragon Oil CEO Ali Al Jarwan told Oil & Gas Middle East. According to Al Jarwan, the asset should add 70k bpd to the company’s production. While Al Jarawan did not disclose […]

No Comments read more
dragon-oil

Dragon Oil to finalise acquisition in Egypt in next 3 to 4 months

Posted: April 12, 2019 at 9:35 am   /   Oil & Gas

In an exclusive interview with Oil & Gas Middle East, Dragon Oil CEO Ali Al Jarwan revealed the company’s progress on its $13bn expansion plans. Dragon Oil, the exploration and production arm of Emirates National Oil Company (ENOC), will finalise an acquisition in Egypt in the next three to four months, CEO Ali Al Jarwan […]

No Comments read more
Scatec

Scatec Solar connects first part of 400 MW solar plant in Egypt to grid

Posted: April 12, 2019 at 9:32 am   /   Renewables

First part of Scatec Solar’s 400 MW solar power plant in Egypt in commercial operation. Scatec Solar and partners have grid connected and reached commercial operation for 65 MW of their 400 MW Benban project in Egypt. The Benban solar power plant is Scatec Solar’s largest project under construction, and the Company is the largest […]

No Comments read more
Carbon Holdings

Interview with Karim Hefzy, Carbon Holdings’ MD of Project Development

Posted: April 10, 2019 at 9:39 am   /   Oil & Gas

How is the Tahrir Petrochemical Complex (TPC) project progressing? When is it expected to come into operation and what will its production capacities be? As we announced in June last year, Tahrir Petrochemical Complex is a circa US$11bn project that will be financed by debt and equity from investors around the world. Since this announcement, […]

No Comments read more
UEG

United Energy Group completes acquisition of Kuwait Energy

Posted: April 10, 2019 at 9:23 am   /   Oil & Gas

Shalakany assists United Energy Group on their successful acquisition of Kuwait Energy PLC. Shalakany are pleased to announce that they acted for Hong Kong listed energy corporation United Energy Group Limited (“UEG”) as Egyptian legal counsel in their acquisition of the entire share capital of Kuwait Energy PLC (“KE”) for over USD 650 million, which […]

No Comments read more
LNG

Egypt tenders four LNG cargoes for May loading – sources

Posted: April 10, 2019 at 9:16 am   /   Oil & Gas

The cargoes are offered in two separate tenders, both of which close on April 9. Egypt’s natural gas company EGAS has offered four liquefied natural gas (LNG) cargoes for loading from the Idku plant between May 6 and June 1, two industry sources said on Monday. The cargo loading dates are May 6-8, May 18-20, […]

No Comments read more
Shell

Shell appoints Khaled Kassem as Egypt Chairman, Managing Director

Posted: April 8, 2019 at 10:21 pm   /   Oil & Gas

Royal Dutch Shell has appointed Khaled Kassem to head its Egypt business, the company said on Sunday. Tunisian Kassem was named as chairman and managing director in Egypt, starting in May. He replaces Gasser Hanter. Kassem was previously head of Shell’s Tunisia business. (Source: Reuters)

No Comments read more
SDX

SDX Energy announces potential delay for South Disouq first gas

Posted: April 8, 2019 at 10:17 pm   /   Oil & Gas

SDX Energy reports that the current targeted start-up date for gas production at South Disouq of mid-year 2019 is based on an overall development concept, whereby an Early Production Facility (‘EPF’) will be leased to process the produced gas, prior to completion of the main Central Gas Processing Facility. At present, the final commercial terms […]

No Comments read more
SOCO

SOCO International completes acquisition of Merlon El Fayum Petroleum Company

Posted: April 5, 2019 at 4:45 pm   /   Oil & Gas

Further to the Company’s announcement on 29 March 2019, SOCO has announced the completion of the acquisition of Merlon Petroleum El Fayum Company from Merlon International. As previously announced, SOCO agreed to acquire Merlon in consideration for approx. US$136 million in cash and the issue of 65,561,041 new SOCO ordinary shares to the Seller. Prior […]

No Comments read more