TGS, AustinBridgeporth to acquire World’s Highest Resolution Gravity Data over Egypt
TGS, in partnership with AustinBridgeporth, has been granted exclusive rights to acquire the world’s highest resolution gravity imagery, eFTG (enhanced Full Tensor Gravity Gradiometry), within Egypt. The first phase, which surveys the Upper Egypt region, was signed by Ganope Chairman His Excellency Mr. Mohamed Abdelazeem at the 2019 Mediterranean Offshore Conference (MOC) in Alexandria, Egypt. […]
Egypt, USTDA sign $690K deal to fund feasibility study of petchem development
USTDA Advances Petrochemicals Development in Egypt – Feasibility study will identify essential industrial design. The U.S. Trade and Development Agency today awarded a feasibility study grant to the Egyptian Petrochemicals Holding Company (Echem), for what will be Egypt’s first polyoxymethylene (POM) plant. Echem will select an American firm to conduct the study. “Today’s announcement of […]
El Molla meets with BP’s Bernard Looney to discuss gas projects
Minister of Oil and Mineral Wealth Tarek el Molla conferred on Monday with the newly-appointed Chief Executive Officer of British Petroleum Company Bernard Looney and Chief Executive of Operations, Exploration and Research William Lane and Regional President of BP in North Africa and the Middle East Hisham Mekawy and BP Chairman in Egypt Karim Alaa. […]
Egypt’s NREA reviews Vestas’ bid for 250 MW Ras Ghareb wind plant
The New and Renewable Energy Authority (NREA) is reviewing the offer Denmark’s Vestas submitted in the tender to build a 250 MW wind energy plant in Ras Ghareb, and will make a decision within weeks, sources told the local press. Vestas is currently the only company bidding for the contract, after other bidders had either […]
United Oil & Gas raises $6.3 million to fund Rockhopper Egypt acquisition
United Oil conditionally raises USD 6.3 million to partially fund Rockhopper Egypt acquisition: Irish energy company United Oil & Gas has conditionally raised USD 6.3 million to partially finance its planned USD 16 million acquisition of Rockhopper Egypt’s business, United Oil said in an LSE disclosure. The company raised the amount through a share issuance, […]
SDX Energy achieves stabilised plateau production at South Disouq
SDX Energy, the MENA-focused oil and gas company, has achieved its targeted stabilised plateau production rate of 50 MMscfe/d from its operated South Disouq concession (SDX: 55% working interest) in Egypt approx. three months earlier than initially expected. Gas has been flowing through the South Disouq Central Processing Facility (‘CPF’) since 7 November 2019 with […]
Engie, Orascom inaugurate Egypt’s largest wind farm at Ras Ghareb
ENGIE and its consortium partners inaugurated today the 262.5 MW Ras Ghareb wind park, Egypt’s first private and largest wind farm. Ras Ghareb project started commercial operation in October 2019, 6 weeks ahead of schedule. It is the first wind farm tendered on a Build-Own-Operate (BOO) scheme in the country and is part of the […]
Med-TSO’s Technical Committees for Planning and Exchange met in Rome
On November 27th and 28th, the Technical Committees of Planning and International Electricity Exchange met in Rome to implement Med-TSO’s ongoing Mediterranean Project 2, with the objective to promote the progressive integration and interconnection of Power Systems and the enhancement of cross-border electricity exchanges for the TSOs across the 19 Mediterranean countries that are members […]
Egypt signs $1.1 bn funding agreement with Islamic Trade Finance Corporation
Egypt to get USD 1.1 bn ITFC loan for commodity imports: Egypt has signed a USD 1.1 bn funding agreement with the Islamic Trade Finance Corporation (ITFC) to help it import petroleum products and food in 2020, according to a cabinet statement. The funds are part of a USD 3 bn agreement between Egypt and […]
The Challenges Facing Eastern Mediterranean Gas, by Amira El-Mazni
Gas has been discovered in the East Mediterranean for a decade, yet most remain undeveloped. This article reviews these discoveries and share some risks & various technical, commercial & political challenges facing their full development. Ever since the discovery of “Tamar” and “Leviathan” gas reserves within the Israeli EEZ, “Aphrodite” within the Cypriot EEZ, the […]
