Egypt to build world’s biggest, most advanced clean-coal power plant
As ports go, even sailors could struggle to find Hamrawein on the map. This town on the Red Sea, 600 kilometres south-east of Cairo is dwarfed by other harbours on the route to Suez, but all that will change over the next six years as Egypt builds the world’s largest clean-coal plant. A Chinese conglomerate […]
SDX Energy ends talks with BP over the sale of Egyptian assets
SDX Energy and BP mutually agree to end discussions which could have see SDX buy a package of assets. SDX Energy, the North Africa focused oil and gas company, has announced that, further to the announcement made on 20 September 2018, discussions regarding its proposed acquisition of a significant package of assets in Egypt from […]
BP’s Qattameya well to produce 60 mmcf/d of gas by 2020
BP will begin producing 60 mmcf/d of natural gas from its Qattameya Shallow-1 exploration well in the North Damietta East Nile Delta marine concession by 2020, a source from the industry told Youm7. Early works on the well are due to begin soon as BP had promised in April to begin production by no later […]
Egypt planning new Oil & Gas production contracts to attract investors
New, simpler terms for exploration in country’s frontier areas. Egypt seeks investment as it targets gas shipments to Europe. Egypt is working on a new model for future oil and natural gas production contracts in undeveloped areas to spur exploration and help become self-sufficient in energy, oil ministry and company officials said. The most populous […]
EGAS agrees to purchase gas from Eni’s Faramid at $2.6/MMBtu
The Egyptian Natural Gas Holding Company (EGAS) reportedly agreed to purchase natural gas produced from Eni’s Faramid South asset at USD 2.6/MMBtu, sources from EGAS said. The well, which is in Eni’s East Obayed concession in the Western Desert, has been closed pending Eni reaching an agreement with Royal Dutch Shell over the terms of […]
United Energy to raise Egypt investment, participate in upcoming Bid Rounds
Petroleum Minister Tarek Molla welcomed plans of China’s United Energy Group to invest in Egypt for the first time. The company expressed desire to take part in international tenders in Egypt in view of promising investments in oil exploration in the country. Molla made the remarks during a meeting on Wednesday with a delegation from […]
Egypt, Höegh LNG rework FSRU Gallant contract
Höegh, EGAS rework FSRU Höegh Gallant deal. Höegh LNG said it has decided to amend the Höegh Gallant FSRU time charter with Egypt Natural Gas Holdings Company (EGAS). Under the amended contract, the Höegh Gallant will be chartered as an LNG carrier to a third party, and EGAS will compensate for the rate difference between […]
BP: Egypt’s WND Giza, Fayoum fields to produce 400 mmcf/d by end of 2018
BP will begin production at two of its Egyptian gas fields as part of its West Nile Delta project by the end of 2018, a petroleum ministry statement said on Monday. The fields, Fayoum and Giza, will initially yield around 400 million cubic feet of gas per day, by the end of 2018, the statement […]
Egypt part of Dragon Oil’s $500 million regional investment budget?
Egypt in line for a chunk of Dragon Oil’s USD 500 million regional investment budget? Emirates National Oil Company (ENOC) subsidiary Dragon Oil is planning to invest about USD 500 million next year in oil and gas assets as part of an international expansion strategy to boost its production to 300k bbl/d of oil by […]
IRENA: Egypt can generate over 50% of its electricity with renewable energy
IRENA’s new ‘Egypt Renewable Energy Outlook’ report shows renewables could present cost savings of USD 900 million annually. Egypt has the potential to generate up to 53 per cent of its electricity from renewable sources by 2030, according to a new report by the International Renewable Energy Agency (IRENA). The Egypt Renewable Energy Outlook report, released at a high-level conference in Cairo […]
