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Oil & Gas

Statoil launches new subsea concept 

Posted: April 23, 2016 at 6:19 pm   /   Oil & Gas

At the Barents Sea Conference in Hammerfest, a new subsea concept developed by Statoil was presented by Margareth Øvrum, executive vice president for technology, projects and drilling in Statoil. The new subsea solution is called […]

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Deepwater Egypt, Guyana to sustain subsea capex

Posted: April 22, 2016 at 9:23 pm   /   Oil & Gas

Douglas-Westwood (DW) latest subsea hardware market forecast predicts expenditure of $94.3 billion between 2016 and 2020. This represents a 19% decline compared to the 2011-2015 period. Report author Mark Adeosun said SURF and pipeline spend […]

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Heads of International Oil Companies’ view at the 8th Mediterranean Offshore Conference (MOC 2016)

Posted: April 22, 2016 at 4:59 pm   /   Oil & Gas

Eng. Hisham Mekkawy, BP Regional President of North Africa reviewed the company’s experience in Egypt, pointing out that BP is proud of its long history of partnership with Egypt, which extends for more than 50 […]

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Video: Chevron CEO John Watson discusses LNG market on CNBC

Posted: April 22, 2016 at 2:00 pm   /   Oil & Gas

Several of our business leaders attended the 18th International Conference & Exhibition on Liquefied Natural Gas – LNG 18 – in Perth, Australia this week. This year’s conference theme was “the transformation of gas” and […]

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BP’s Taurus/Libra gas fields to begin production next year

Posted: April 21, 2016 at 8:24 pm   /   Oil & Gas

BP Plc’s Regional President, North Africa, Hesham Mekawi (photo), has announced that the company’s operated Taurus/Libra gas fields in West Nile Delta project will begin production next year. According to him, the company at present […]

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Minister of Petroleum launches the 8th Mediterranean Offshore Conference and Exhibition (MOC 2016)

Posted: April 21, 2016 at 8:16 pm   /   Oil & Gas

Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, and Mohamed Ahmed Abdel Zaher, Governor of Alexandria, have announced the launching of the 8th Mediterranean Offshore Conference and Exhibition (MOC) on April 19th, under […]

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Zohr gas field to produce 1 billion cubic feet per day by end of 2017

Posted: April 20, 2016 at 9:44 pm   /   Oil & Gas

Egypt has agreed with Italy’s Eni to begin production of 1 billion cubic feet per day of gas at the Zohr gas field, the biggest in the Mediterranean, by the end of 2017, oil minister […]

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Egypt to launch new oil exploration round for 11 blocks in Western Desert and Gulf of Suez

Posted: April 20, 2016 at 9:32 pm   /   Oil & Gas

Egypt plans to launch a new oil exploration round next week, offering 11 blocks in the Western desert and the Gulf of Suez, Petroleum Minister Tarek el-Molla said on Tuesday. He said that Egypt also […]

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ENGIE signs LNG and renewable energy agreements with Egypt

Posted: April 19, 2016 at 7:36 pm   /   Oil & Gas, Renewables

Firstly, a cooperation agreement for further development of renewable energy with the National Renewable Energy Association (NREA) and the Egyptian Electricity Transport Company (EETC). On the occasion of  the State Visit of President François Hollande […]

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Petroceltic shareholder Worldview fails attempted takeover

Posted: April 19, 2016 at 6:47 pm   /   Oil & Gas

On 24 March 2016, Sunny Hill Limited, a company wholly owned by the Worldview Economic Recovery Fund, made an all cash offer to acquire the entire issued and to be issued share capital of Petroceltic […]

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