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Oil & Gas
Nabors

ADES concludes deal with Nabors for three jackup rigs

Posted: June 17, 2018 at 3:13 pm   /   Oil & Gas

ADES International has completed its acquisition of three jackup rigs operating offshore the Middle East from Nabors Industries. Total purchase price was $83 million. The rigs have been renamed Admarine 655, Admarine 656, and Admarine […]

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sidpec-uop

Sidpec, Honeywell UOP sign contract for polypropylene plant

Posted: June 17, 2018 at 3:06 pm   /   Oil & Gas

Sidi Kerir Petrochemicals (Sidpec) has signed a licensing agreement with the US-based Honeywell UOP to set up a new polypropylene plant at Sidpec’s complex in Alexandria. The agreement was signed by Sidpec’s chairman Mohamed Abadi […]

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ERC

Qalaa’s ERC refinery fires up boilers after connecting gas, power

Posted: June 17, 2018 at 3:02 pm   /   Oil & Gas

ERC begins running boilers after connecting refinery with power and gas: Qalaa Holdings’ Egyptian Refining Company (ERC) has begun running the USD 4.3 billion Mostorod refinery’s boilers, Qalaa said in a regulatory filing on Wednesday. The […]

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Subsea 7

Subsea 7 awarded EPCI contract for WDDM Phase 9b offshore Egypt

Posted: June 13, 2018 at 2:39 pm   /   Oil & Gas

Subsea 7 announced today the award of a sizeable(1) engineering, procurement, installation and commissioning contract by Burullus Gas Company for the West Delta Deep Marine Phase 9b development project, offshore Egypt. The scope includes connecting […]

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East-Med

Delek could invest up to $200 million for access to EMG’s gas pipeline to Egypt

Posted: June 13, 2018 at 2:34 pm   /   Oil & Gas

Israel’s Delek could invest up to USD 200 million to gain access to EMG’s subsea natural gas pipeline to Egypt’s Sinai: Shareholders in Israel’s Delek Group will meet on 1 July to vote on investing […]

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West Med PGS

PGS gathering seismic data for Egypt’s West Mediterranean Bid Round in 2019

Posted: June 11, 2018 at 2:34 pm   /   Oil & Gas

PGS to gather seismic data for Egyptian frontier licensing round. Oslo-listed player to acquire 2D and 3D data in West Mediterranean ahead of licensing exercise. Oslo-listed Petroleum Geo-Services (PGS) is set to acquire further seismic […]

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thyssenKrupp

Thyssenkrupp eyes work on 5 refining, petrochemicals projects in Egypt

Posted: June 11, 2018 at 2:23 pm   /   Oil & Gas

Egyptian Petroleum Minister Tarek El-Molla has met with the Chairman of the German-Arab Chamber of Industry and Commerce (GACIC) Ulrich Hermann and representatives of German multinational conglomerate ThyssenKrupp. ThyssenKrupp is willing to collaborate with the […]

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Sea Spark

SolstadFarstad PSV wins BP Egypt one-year assignment

Posted: June 10, 2018 at 3:17 pm   /   Oil & Gas

SolstadFarstad has won various contracts for its platform supply vessel (PSV) fleet, adding more than 2,500 vessel working days to the company’s backlog. These are as follows: Maersk Oil North Sea has contracted four PSVs […]

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Technip

MIDOR, Technip sign $1.7 billion contract for refinery expansion

Posted: June 10, 2018 at 3:11 pm   /   Oil & Gas

The project aims at increasing petroleum products, in addition to raising the refinery’s capacity to 175,000 barrels per day. Middle East Oil Refinery (MIDOR) and France-based Technip Company have signed a contract for refinery project […]

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Top-ten-largest-remaining-NG-ultra-deepwater

Egypt has fourth largest remaining ultra-deepwater natural gas reserves

Posted: June 6, 2018 at 2:09 pm   /   Oil & Gas

Egypt is one of the ten countries in the world with the largest remaining ultra-deepwater natural gas reserves, with around 18,852 bcf ready to be economically recovered, according to GlobalData Energy. Ultra-deepwater gas production set […]

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