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Oil & Gas

Egypt: Looking for a New Energy Independence (ABO Oil Book)

Posted: February 11, 2016 at 10:36 am   /   Oil & Gas

Egypt’s biggest news in the hydrocarbon sector is called Zohr, the largest natural gas field in the Mediterranean that could push forward Egypt’s plan to become energy independent. According to the last report by the […]

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Infographic: Eni's activities in Egypt

Posted: February 10, 2016 at 1:40 pm   /   Oil & Gas

Eni has been present in the country since 1954 and today is the leading international hydrocarbons operator. Click here to view the fully interactive infographic of Eni’s operations in Egypt. (Source: Eni S.p.A.)

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Egypt may not meet 2016 target to pay back oil arrears – PM

Posted: February 10, 2016 at 1:20 pm   /   Oil & Gas

Lower oil and gas revenues mean the debt will ‘at least [be reduced] to a very reasonable’ level by end of year, Prime Minister Ismail says. Egypt may miss its target of repaying the $3 […]

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IEA: Oil price recovery will be short-lived

Posted: February 10, 2016 at 11:15 am   /   Oil & Gas

A recent rise in oil prices is a “false dawn” and the oversupply of crude is set to worsen, according to the International Energy Agency (IEA). The IEA expects oil stocks to grow by two […]

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As Big Oil shrinks, boards plot different paths out of crisis

Posted: February 9, 2016 at 6:11 pm   /   Oil & Gas

As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis. Crude prices have tumbled around 70 […]

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SDX Energy: Positive Development Well results boosts Production from NW Gemsa

Posted: February 8, 2016 at 3:49 pm   /   Oil & Gas

Al Amir S.E. #23 Development Well Test Results – 3,860 BOPD! SDX Energy Inc., an oil & gas exploration and production company with assets in Egypt & Cameroon, is pleased to announce the Al Amir […]

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EBRD: $341 million loan to upgrade Egypt’s oil and gas infrastructure

Posted: February 7, 2016 at 2:43 pm   /   Oil & Gas

The European Bank for Reconstruction and Development (EBRD): The funds will be used to construct and operate a bulk-liquids terminal. A US$ 341 million facility to Sonker, an Egyptian company providing hydrocarbon storage and bunkering, […]

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Eni and EGPC establish JV for Zohr ‘super giant’ gas field

Posted: February 6, 2016 at 3:05 pm   /   Oil & Gas

Eni and Egyptian General Petroleum Corporation (EGPC) have announced to enter into a joint venture to create Petro Shorouk. Petro Shorouk will be a subsidiary of Petrobel and will be tasked to complete the first […]

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Video: What is LNG? Turning natural gas into liquid (Shell)

Posted: February 5, 2016 at 7:36 pm   /   Oil & Gas

As global demand for natural gas grows, companies are using advanced technology to transport it from source to customers. Gas can be piped over relatively short distances. But cooling the gas to -162°C (-260°F) turns […]

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Italy eyes energy projects in Egypt

Posted: February 4, 2016 at 5:01 pm   /   Oil & Gas

Italian Minister of Economy Federica Guidi previously said Egypt is keen on attracting Italian investments Italy has agreed to upgrade Egypt’s Middle East Oil Refinery (MIDOR), participate in building a complex for petrochemical industries in […]

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