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Oil & Gas
Damietta LNG

Damietta LNG plant to restart with first cargo in February – S&P Global Platts

Posted: January 27, 2021 at 12:27 pm   /   Oil & Gas

Egyptian LNG exports remain strong as Damietta LNG prepares to restart Seven cargoes shipped from Idku so far in January17 LNG cargoes shipped in Q4 as prices roseDamietta LNG seen loading first cargo on Feb […]

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ADES lands six-month jack-up rig deal in Egypt’s Gulf of Suez

Posted: January 27, 2021 at 12:21 pm   /   Oil & Gas

Oil and gas drilling rig contractor ADES has secured a new contract for the Admarine 5 jack-up drilling rig in the Gulf of Suez, Egypt. “The contract, secured with a top-tier client, covers a firm […]

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Mubadala joining Shell in Egypt’s Red Sea Block 4 exploration

Posted: January 23, 2021 at 8:19 pm   /   Oil & Gas

Egypt’s Minister of Petroleum and Mineral Resources has signed a concession agreement with Mubadala Petroleum for oil and gas exploration activities in Red Sea block 4. The 3,084-sq km (1,191-sq mi) concession, owned by the […]

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Chevron invests $235 million in Leviathan/Tamar to Egypt gas pipeline

Posted: January 23, 2021 at 8:15 pm   /   Oil & Gas

Chevron Corp. and other companies helping to develop Israel’s natural gas fields will invest around $235 million in pipelines to export the fuel to Egypt. The partners in the Leviathan and Tamar fields, which sit […]

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TechnipFMC awarded Egypt Subsea Tieback Contract by Energean

Posted: January 23, 2021 at 8:11 pm   /   Oil & Gas

Having taken the final investment decision on the North El Amirya and North Idku (NEA/NI) concession tieback project offshore Egypt, Energean plc reported Thursday that it has awarded the project’s engineering, procurement, installation and commissioning […]

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North El Amriya - North Idku Development

Energean announces North El Amriya, North Idku Final Investment Decision

Posted: January 21, 2021 at 2:50 pm   /   Oil & Gas

Energean plc announce that Final Investment Decision has been taken on the North El Amriya and North Idkunea (“NEA/NI”) concession subsea tieback project in offshore Egypt. The NEA concession contains two discovered and appraised gas […]

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Red Sea

Shell Egypt signs exploration agreement for offshore Red Sea Block 4

Posted: January 21, 2021 at 2:44 pm   /   Oil & Gas

Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, signed a new agreement with Shell Egypt to exploration for oil and gas in concession area (4), in the deep waters of the Red Sea, […]

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DNV GL changes name to DNV as it gears up for decade of transformation

Posted: January 16, 2021 at 12:52 pm   /   Oil & Gas

DNV GL, the assurance and risk management company, will change its name to DNV on 1 March 2021. The move comes after a comprehensive review of the company’s strategy as it positions itself for a […]

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Egypt, ITFC sign $1.1 billion funding agreement to import commodities

Posted: January 16, 2021 at 12:46 pm   /   Oil & Gas

Egypt’s Ministry of Oil on Wednesday has signed an agreement with the International Islamic Trade Finance Corporation (ITFC) of the Islamic Development Bank to fund importing of oil commodities and other supplies. The volume of […]

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Pharos Energy conducting formal farm-out process for its Egypt assets

Posted: January 13, 2021 at 11:55 am   /   Oil & Gas

Pharos Energy, an oil and gas exploration and production company, has issued the following trading and operations update to summarise recent operational activities and to provide trading guidance in respect of the financial year to […]

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