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Oil & Gas
Energean Power FPSO

Energean’s H1 2020 results: Strong performance with 52.1 kboed production

Posted: September 10, 2020 at 1:01 pm   /   Oil & Gas

Strong performance in 1H 2020 with 52.1 kboed pro forma production – pro forma $177million revenue, $66 million operating cash flow, $350 million capex reduction. Energean has today announced HY results for the period ended […]

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Storage Terminal

Total Egypt, Ola Energy to construct Alexandria petroleum storage facility

Posted: September 8, 2020 at 1:15 pm   /   Oil & Gas

Total Egypt, OLA to partner in Alexandria Petroleum Products Terminal construction Total Egypt and OLA Energy Egypt have signed a joint venture agreement to jointly own, build, and operate a new petroleum products terminal in […]

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Dana Gas

Dana Gas in talks with IPR Energy over the sale of its Egypt assets

Posted: September 3, 2020 at 2:40 pm   /   Oil & Gas

United Arab Emirates’ Dana Gas is negotiating details of a sale of its Egyptian assets with Texas-headquartered IPR Energy, three sources familiar with the matter said, ahead of a repayment of some $300 million in […]

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gas pipeline

Egypt and Cyprus are in “extensive discussion” on planned gas pipeline

Posted: September 1, 2020 at 12:41 pm   /   Oil & Gas

Egypt, Cyprus talking ‘extensively’ about moving ahead with gas pipeline: Egyptian and Cypriot officials are in “extensive discussions” on a planned natural gas pipeline linking the two countries, Al Mal reports, citing an unnamed government […]

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Karish

Energean announces Karish field update: First topsides lift, FPSO suction anchors installed

Posted: September 1, 2020 at 12:30 pm   /   Oil & Gas

Karish Development: First topsides lift in Singapore and installation of the Energean Power FPSO suction anchors at the Karish field completed Energean plc, the gas producer focused on the Mediterranean, is pleased to announce two […]

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Gas-LNG

Egypt’s natural gas exports, renewables more than doubled in 2019 – BP

Posted: August 31, 2020 at 1:53 pm   /   Oil & Gas, Renewables

Egypt had a good year in 2019 for natural gas exports and renewables, according to BP: Egypt’s natural gas exports more than doubled to 4.5 bn cbm in 2019, up from 2 bn cbm in […]

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Taqa

EGAS, TAQA Arabia sign agreement to deliver natgas to El Wadi El Gedid

Posted: August 26, 2020 at 12:27 am   /   Oil & Gas

The Egyptan Natural Gas Holding Company (EGAS) signed yesterday a cooperation protocol with Qalaa Holdings’ TAQA Arabia to connect homes in El Wadi El Gedid to the natural gas grid by using compressed natural gas […]

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bapetco

Bapetco made eight new discoveries in Egypt in FY 2019-2020

Posted: August 26, 2020 at 12:22 am   /   Oil & Gas

Shell-EGPC JV Badr El-Din Petroleum Company (Bapetco) made eight new discoveries in its Egypt concessions in FY2019-2020 with confirmed oil reserves of 10.6 mn bbl, according to an Oil Ministry statement. Bapetco drilled 44 developmental […]

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Al Hamra

Egyptian PM inaugurates $100m marine crude oil pipeline at El Hamra port

Posted: August 24, 2020 at 2:17 pm   /   Oil & Gas

The Egyptian Prime Minister, Mostafa Madbouly, on Wednesday inaugurated the eight-kilometre El-Hamra-Shamandoura crude oil pipeline at a cost of $100 million. The marine pipeline, a key for developing the capabilities of the El-Hamra Petroleum Port […]

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Egypt Government

Egypt’s Cabinet approves dispute settlements with Petroceltic, Italgen

Posted: August 23, 2020 at 12:59 pm   /   Oil & Gas, Renewables

Cabinet okays settlements with Petroceltic, Italgen: The Madbouly government has approved agreements to resolve disputes with Italgen and Petroceltic. The first covers a dispute between EGPC and Petroceltic International, which sought international arbitration to recover […]

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