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Oil & Gas
LNG-Plant-Idku

Shell exporting 300 mmcf/d of natural gas from Idku LNG plant

Posted: November 12, 2018 at 1:25 pm   /   Oil & Gas

Shell processing 300 mmcf/d of gas at Idku liquefaction plant – sources: Royal Dutch Shell’s Idku liquefaction plant is reportedly processing 300 mmcf/d of natural gas, compared to 250 mmcf/d last month, sources close to the […]

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TransGlobe

TransGlobe Energy sets 2019 Capital Budget for Egypt at $24.1 million

Posted: November 11, 2018 at 2:27 pm   /   Oil & Gas

TransGlobe Energy Corporation announces the 2019 plan and capital budget. HIGHLIGHTS 2019 capital budget of $34.1 million (before capitalized G&A) Egypt $24.1 million Canada $10.0 million (C$13.0 million) 2019 production of 14.0 to 15.0 MBoepd […]

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SBGS-Manta-ROV

Seabed, ARGAS to acquire Red Sea 3D data for Saudi Aramco

Posted: November 8, 2018 at 1:59 pm   /   Oil & Gas

Seabed Geosolutions and ARGAS will conduct a 3D ocean bottom node survey in the Red Sea. This will involve acquiring and processing 3D data over a large area in various water depths, using Seabed’s 4C […]

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energymarket_stock

15% reduction in oil & gas production costs in Egypt

Posted: November 8, 2018 at 1:54 pm   /   Oil & Gas

The Ministry of Petroleum succeeded in cutting the cost of producing oil and gas by 15%, which saves substantial funds and increases production. A source at the Ministry of Petroleum and Mineral Resources told Daily […]

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Onshore Rig

ADES acquires 12 onshore drilling rigs from Weatherford in Kuwait

Posted: November 3, 2018 at 2:00 pm   /   Oil & Gas

ADES International Holding Ltd. has completed the acquisition of twelve onshore rigs from Weatherford International Plc in Kuwait, the company said on Nov. 2. The transaction forms part of the previously signed definitive agreement with […]

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Zohr Plant

Eni estimates investment in Zohr gas processing plant at $5 billion

Posted: November 3, 2018 at 1:47 pm   /   Oil & Gas

Italian Eni has estimated the cost of implementing the Zohr gas treatment plant to be $5bn, with a capacity of 3.2bn cubic feet of gas daily, in order to connect the production of the project […]

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Polarcus

Marine seismic players optimistic as exploration budgets ‘likely to increase’

Posted: November 3, 2018 at 1:37 pm   /   Oil & Gas

Oslo-listed marine seismic data providers TGS and Polarcus are hoping 2019 will be a year of a more significant recovery for seismic players, as they expect the oil and gas companies to boost their exploration […]

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TechnipFMC

TechnipFMC provides details on MIDOR refinery expansion contract

Posted: November 3, 2018 at 1:16 pm   /   Oil & Gas

TechnipFMC PLC has confirmed details of its scope of work on an earlier awarded let by the Egyptian government for implementation of the expansion at state-owned Middle East Oil Refinery Co.’s (Midor) 115,000-b/d refinery in […]

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Minister

Egypt to become East Mediterranean energy trading center – El Molla

Posted: October 30, 2018 at 4:37 pm   /   Oil & Gas

Egypt is working to become a regional center for trading energy in the Eastern Mediterranean region during the upcoming period through the exploitation of its strong infrastructure, Minister of Petroleum Tarek El-Molla said. El Molla […]

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Egypt USA

El Molla: New form of exploration agreement for Red Sea Bid Round

Posted: October 28, 2018 at 3:18 pm   /   Oil & Gas

The Ministry of Petroleum has finalised the form of the new petroleum agreements, to be included in the first tender for natural gas exploration in the Red Sea. The tender is scheduled to be launched […]

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