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Oil & Gas

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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Wood Mackenzie: Shell's acquisition of BG secures industry leading positions in deepwater oil and LNG

Posted: February 1, 2016 at 3:54 pm   /   Oil & Gas

Since the deal was announced in April, oil prices have near halved and Shell’s share price has fallen 35%. The strategic drivers for the acquisition remain compelling despite deepening turmoil across the oil and gas […]

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GUPCO: BP invests $777 million this year in the Gulf of Suez

Posted: February 1, 2016 at 2:47 pm   /   Oil & Gas

Average daily production 85,000 barrels of crude and condensates, planned to reach 90,000 barrels per day during 2016. A new strategy to cut spending by $483 million. Current total reserves are 10.6 million barrels of […]

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Thomas Radwitz new General Manager of DEA Egypt

Posted: February 1, 2016 at 1:59 pm   /   Oil & Gas

As of February 1st, Dr Thomas Radwitz has been appointed General Manager of the Egyptian subsidiary of DEA Deutsche Erdoel AG. Egypt is one of the core countries for the German upstream company. Dr Thomas […]

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Trident Petroleum signs exploration agreement for Northwest Seabird concession in the Gulf of Suez

Posted: January 31, 2016 at 4:21 pm   /   Oil & Gas

Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources, signed a new oil and gas exploration agreement in the Gulf of Suez, between Ganoub El Wadi Petroleum Holding Co (Ganope) and Egypt’s Trident Petroleum Company. […]

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Video: BW Singapore FSRU Floating Storage and Regasification Unit

Posted: January 28, 2016 at 6:15 pm   /   Oil & Gas

BW’s state-of-the-art FSRU BW Singapore was built at Samsung Heavy Industries (SHI) in Korea. She offers low environmental footprint, high efficiency, storage capacity in excess of 170,000cbm and a peak regasification capacity of 750 mmscfd. […]

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