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Oil & Gas

Siemens to modernize offshore jack-up rig for Arabian Drilling Company

Posted: February 22, 2020 at 12:10 pm   /   Oil & Gas

German conglomerate Siemens has been awarded a contract by Arabian Drilling Company to modernize an offshore jack-up drilling rig for a customer in the Middle East. Siemens said that the upgrade of the rig’s integrated […]

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Technip Sign

Egypt awards TechnipFMC contract for Assiut Hydrocracking Complex

Posted: February 22, 2020 at 12:04 pm   /   Oil & Gas

Egyptian refiner advances grassroots hydrocracking complex: Assiut National Oil Processing Co. has let a contract to a consortium of Engineering Co. for Petroleum & Chemical Industries, Petroleum Projects & Technical Consultation Co., and TechnipFMC for […]

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Abu Sennan

United Oil & Gas announces completion of Rockhopper Egypt acquisition

Posted: February 22, 2020 at 11:52 am   /   Oil & Gas

United Oil & Gas, the AIM listed oil and gas exploration and development company, has announced the satisfaction of the regulatory conditions attached to its proposed acquisition of Rockhopper Egypt, which holds a 22% interest […]

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Gaston debuts truck-to-tank gas transfer in Egypt with EGP 150m investment

Posted: February 19, 2020 at 4:02 pm   /   Oil & Gas

Gaston for Compressed Natural Gas, a subsidiary of Saad El Din Group, began implementing the first phase of a government plan to transfer natural gas across the country using tankers instead of pipelines, which would […]

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Dragon Oil

Dragon Oil to invest $650 mn in Egypt, looks to acquire Western Desert assets

Posted: February 18, 2020 at 1:57 pm   /   Oil & Gas

Dragon Oil to invest USD 650 million in Egypt over the next five years: UAE-based oil and gas company Dragon Oil plans to invest an additional USD 650 million in Egypt over the next five […]

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Shell to drill seven wells at Egypt’s WDDM Phase 9B, adding 236 bcf/d of gas

Posted: February 18, 2020 at 1:36 pm   /   Oil & Gas

The drilling of seven wells at West Delta Deep Marine (WDDM) phase 9B is set to produce initial reserves of 236 billion cubic feet of gas, a statement by the oil ministry said. Sabry El-Sharkawy, […]

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Tech Giants ‪Google, Microsoft, Amazon‬ enter Oil Business using AI Machine Learning

Posted: February 18, 2020 at 1:00 pm   /   Oil & Gas

Big tech has entered the oil business: Google, Microsoft, and Amazon are keen to market themselves as leaders in energy-saving initiatives. But the same machine learning technology these companies use to reduce dependence on fossil […]

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Oman hosts SPE’s ESP Symposium with Opening Address by HE Salim Al Aufi, Ministry of Oil & Gas

Posted: February 18, 2020 at 12:39 pm   /   Oil & Gas

The Society of Petroleum Engineers (SPE) brings you the Symposium; ESP Journey to the Future taking place in Muscat, Oman on 19-20 February.  Hosted by Petroleum Development Oman and Occidental Oman, it will bring together […]

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WestMed MEES

Egypt agrees with five majors on West Mediterranean exploration

Posted: February 16, 2020 at 2:09 pm   /   Oil & Gas

Egypt agrees with five energy firms on exploration in Mediterranean: minister. Egypt has reached initial agreements with five major energy firms to explore for oil and gas in deep waters in off its western coast […]

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Egypt hedges against oil price volatility for second year, FM Maait confirms

Posted: February 16, 2020 at 2:02 pm   /   Oil & Gas

Egypt has hedged against volatility in global oil prices for a second consecutive year and could do so again, Finance Minister Mohamed Maait said. The North African country took the step “several times in the […]

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