Newsletter subscribe
Tag: Deep Water

Oxford Business Group: Egypt takes giant step towards energy independence

Posted: December 4, 2017 at 1:56 pm   /   Oil & Gas

Oxford Business Group: Progress on major gas projects to advance Egypt’s energy independence. A recently discovered gas field in Egypt – one of the world’s largest – is on track to begin production by the start of next year, which should quickly ease the country’s reliance on energy imports. The first flow of gas from […]

No Comments read more

ADES, Vantage Drilling JV to offer deepwater drilling services in Egypt

Posted: November 15, 2017 at 7:21 pm   /   Oil & Gas

Offshore driller Vantage Drilling has entered into a joint venture with ADES to provide deepwater drilling services in Egypt. In a statement on Wednesday, ADES said the alliance will benefit from Vantage’s deepwater drilling experience and ADES’ “leadership position” within the Egyptian offshore drilling market. The joint venture will operate Vantage’s deepwater drilling units in […]

No Comments read more

Wood Mackenzie: Gas mega-projects drive BP’s MENA growth

Posted: November 14, 2017 at 2:45 pm   /   Oil & Gas

MENA will constitute 38% of BP’s total production by 2025, compared to 27% currently. As part of the transition to a lower carbon world, gas is becoming an increasingly important component of the majors’ portfolios. Nowhere is this trend more visible than within BP’s Middle East and North Africa (MENA) portfolio. Using the Upstream Company […]

No Comments read more

BP’s Atoll field is 93% complete, production on track by year’s end

Posted: November 9, 2017 at 4:41 pm   /   Oil & Gas

BP will launch production at the USD 3.8 bilion Atoll field in the North Damietta concession ahead of schedule by the end of the year, said Hassan Abady, Chairman BP JV Pharaonic Oil Company, Al Ahram reports. Development of the field is 93% complete, including the drilling of three deepwater wells 950 meters below the […]

No Comments read more

Rosneft finalizes acquisition of 30% Zohr stake in $1.125 billion deal

Posted: October 9, 2017 at 4:35 pm   /   Oil & Gas

Rosneft closed the deal to acquire a 30% stake in the concessions agreement for the development of Zohr field, the largest gas field in the Mediterranean Sea, from Italian company Eni S.p.A. The cost of Rosneft stake acquisition is USD 1.125 bln. The Company also refunded its share in past project costs to Eni. The […]

No Comments read more

Eni betting big on Zohr explorer Luca Bertelli finding new treasure

Posted: October 7, 2017 at 7:52 pm   /   Oil & Gas

Italian oil major Eni is betting billions on Luca Bertelli being able to achieve something he’s been doing since he was nine years old: spotting things others overlook. The geologist, who heads Eni’s exploration team, began collecting rocks as a boy growing up in Tuscany, developing a curious eye that eventually led him to discover […]

No Comments read more

DuPont to supply DynaWave® Scrubbing Technology for Egypt's Zohr gas field

Posted: September 24, 2017 at 7:41 pm   /   Oil & Gas

Technology Helps Minimize Environmental Impact. DuPont Clean Technologies (DuPont) recently signed a contract with Kinetics Technology (KT) for Eni’s giant Zohr deepwater gas field in the Egyptian Exclusive Economic Zone of the Mediterranean Sea. Under the contract, DuPont will be delivering the technology license, engineering and proprietary equipment for two MECS® DynaWave® wet gas scrubbing […]

No Comments read more

Edison delays deep-water drilling campaign in Egypt as it seeks partner

Posted: September 20, 2017 at 1:08 pm   /   Oil & Gas

Edison stalls on Egypt deep-water wells: Italian operator delays drilling of probes on two separate blocks where it has been hunting a partner. Italy’s Edison has put off a deep-water drilling campaign off Egypt by about a year. The company was planning to drill two wells on its wholly-owned North Thekah and North Port Fouad […]

No Comments read more

Major natural gas discoveries offshore Egypt propel demand for technologies & services

Posted: September 16, 2017 at 8:52 pm   /   Oil & Gas

(Offshore Magazine) Curt Cultice US Commercial Service, Department of Commerce Egypt is a mature fossil energy market attracting increased international attention. However, there is a continued demand for new energy technologies from innovative US suppliers committed to long-term partnerships with Egypt. In the below Q&A, Mai Abdelhalim, commercial specialist, US Embassy, Egypt discusses the latest […]

No Comments read more

Egyptian drilling contractor ADES builds shallow-water jackup fleet

Posted: September 16, 2017 at 8:42 pm   /   Oil & Gas

(Offshore Magazine) Jeremy Beckman Drilling contractors continue to downsize in most parts of the world except the Middle East, where offshore activity has held steady. One of the more opportunistic players in the region is ADES International Holding which has taken advantage of continued overcapacity in the market to acquire and recondition legacy jackups from […]

No Comments read more