8:31 pm Energean might reduce its budget for Egypt by $140 million
1:57 pm Chevron cuts 2020 capital spending by $4 bn in response to COVID-19 outbreak
1:51 pm Eni to cut capex by 25% this year to temper the impact of coronavirus
3:39 pm Total to slash over $2.5 billion from its E&P business as oil crisis bites
3:36 pm GHP Exploration farming out 50% of its share in West Gebel El Zeit Concession
2:27 pm Shell slashes capital expenditure, reduces operating costs
BMI: Why Egypt looks set to be regional leader in electricity for next nine years
Fitch Solutions’ BMI Research Egypt Power report on Egypt’s electricity sector is on track to generate an exportable surplus. The report sees Egypt increasing power generation to 265 terawatt hours (TWh) by 2023 from 231.5 […]
Schneider Electric signs agreement with Egypt to build power control centers
Schneider Electric has signed an agreement with the Electricity Ministry to build power control centers for Egypt’s electricity grid, an Ittihadiya statement said. President Abdel-Fattah El-Sisi met with SE’s Executive Vice President for International Operations […]
Egypt achieved unprecedented growth in oil & gas, power sectors – Mitsubishi
The general manager of Mitsubishi Heavy Industries said Wednesday that Egypt has achieved unprecedented growth in the energy sector, whether in the oil sector and the oil and gas explorations or the electricity. Such successes […]
HSBC frontrunner to advise Sovereign Fund on Siemens plant stake sale
Sovereign fund to tap HSBC as advisor on combined-cycle plant stake sale? HSBC is reportedly the frontrunner to advise the Sovereign Fund of Egypt on the sale of a 70% stake in the first of […]
Egypt to invest EGP 75 billion in 2020 to improve electricity grids
Minister of Electricity and Renewable Energy Mohamed Shaker said on Monday Egypt will implement a plan with investments exceeding EGP 75 billion to improve electric grids nationwide in 2020. In statements to Nile TV channel […]
Med-TSO, MEDREG partner for training on Regulating Electricity Infrastructure Investment
Regulating Electricity Infrastructure Investment – Med-TSO and MEDREG together for a three-day training in Rome. In light of their common interest in strengthening the harmonization of regulatory frameworks and in speeding up operative integration of […]
Med-TSO’s Technical Committees for Planning and Exchange met in Rome
On November 27th and 28th, the Technical Committees of Planning and International Electricity Exchange met in Rome to implement Med-TSO’s ongoing Mediterranean Project 2, with the objective to promote the progressive integration and interconnection of […]
Actis, Engie, Datang are all in running for stake in Egypt’s Siemens plants
More details on potential investors in Egypt’s Siemens combined-cycle power plants: Actis, France’s Engie, and China Datang Overseas Investment are all competing alongside Blackstone’s Zarou to acquire a stake in the Siemens / Orascom Construction […]
Zarou is reportedly leading the race for a stake in Siemens power plants
Zarou is the top contender for stake in Siemens power plants: Blackstone Group’s Zarou is reportedly the frontrunner out of six investors looking to acquire a stake in the Siemens / Orascom Construction / Elsewedy […]
Egypt’s sovereign wealth fund looks to acquire 30% stake in Siemens plants
Egypt’s new sovereign wealth fund could take a 30% stake in Siemens-OC-Elsewedy power plants and place the rest with international investors. Sovereign wealth fund is looking to acquire a 30% stake in the Siemens / […]
