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Oil & Gas

A wealth under the sea (ABO Oil Magazine)

Posted: May 7, 2016 at 12:14 pm   /   Oil & Gas

By Luca Bertelli, Chief Exploration Officer – Eni The Levantine Basin, in the eastern Mediterranean, covers the territorial waters of various countries (Egypt, Israel, Lebanon, Cyprus, and Syria) and an area of approximately 80,000 km2. […]

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OTC 2016: Onshore and offshore exploration success puts Egypt in spotlight

Posted: May 6, 2016 at 8:07 pm   /   Oil & Gas

Hopes are momentum generated will keep the country on companies’ radars despite today’s market conditions. Egypt’s energy sector has come a long way in five years, resetting itself from unstable to energized with the gigantic […]

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OTC 2016: Shell executive offers insight on forging a world-leading supply chain

Posted: May 6, 2016 at 7:48 pm   /   Oil & Gas

Low oil prices have increased pressure on the oil and gas industry to improve the capital efficiency of major projects, and examine the supply chain that is vital to their successful execution. That was the […]

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OTC 2016: Aker Solutions Wins Engineering Achievement Award

Posted: May 6, 2016 at 1:54 pm   /   Oil & Gas

Aker Solutions this week won an engineering achievement award at the OTC conference in Houston for its El-drive subsea electric actuators which are more compact, effective and environmentally friendly than traditional hydraulic solutions. The newly […]

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SDX Energy announces US$11 million private placement and intention to apply for admission to trading on the AIM market

Posted: May 6, 2016 at 1:43 pm   /   Oil & Gas

SDX Energy, an oil & gas exploration and production company with assets in Egypt & Cameroon, has announced that the Company has effected a private placement fundraising for a total of approx. US$11 million. A […]

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Video: GE Introduces the SeaPrime™ I Subsea MUX BOP Control System

Posted: May 6, 2016 at 1:28 pm   /   Oil & Gas

The GE Oil & Gas SeaPrime™ I Subsea BOP Control System translates electrical controls from the surface to hydraulic controls subsea that operate Blowout Preventer (BOP) systems, as deep as 12,500ft below sea level. The […]

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OTC 2016: GE Oil & Gas receives Spotlight Award for subsea mux BOP control system

Posted: May 6, 2016 at 1:27 pm   /   Oil & Gas

GE Oil & Gas has received an OTC Spotlight Award for the SeaPrime, a subsea mux BOP control system. It allows drilling contractors to continue drilling if components of one point of distribution (POD) fail. […]

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Eni plans a further exploration well at Zohr to target deeper horizon

Posted: May 5, 2016 at 8:11 pm   /   Oil & Gas

Eni plans a further exploration well at Zohr to target deeper horizon identified on seismic data. Eni was awarded the Shorouk Offshore licence in January 2014 as part of the 2012 EGAS licensing round. The […]

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OTC 2016: Egypt eyes free-market future as gas demand requires more development

Posted: May 5, 2016 at 12:07 am   /   Oil & Gas

The recent Zohr discovery in Egypt’s Mediterranean basin has given the country an impetus to further its move to an open oil economy, according Minister Tarek Elmolla of Egypt’s Petroleum and Mineral Resources Ministry. Among […]

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Apache, BP and others expand in emerging Egypt

Posted: May 4, 2016 at 1:23 pm   /   Oil & Gas

Houston-based Apache Corp. focused on growing in U.S. shale plays and selling most of its international holdings. But now that the oil bust is in full bloom, especially in North America, Apache’s chief executive is […]

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