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Tag: Egypt
West Gharib

SDX Energy extends Egypt’s West Gharib PSA for ten years to 2031

Posted: March 6, 2021 at 11:22 am   /   Oil & Gas

AIM-listed SDX Energy, the MENA-focused oil and gas company, has received final approval from the Egyptian authorities to extend the Production Services Agreements governing its producing Meseda and Rabul oil fields in its West Gharib concession in Egypt until 9 November 2031.   Mark Reid, CEO of SDX, commented: ‘We are very pleased to have secured […]

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Lekela West Bakr

Lekela’s West Bakr Wind Farm reaches 1 Million Man-Hours without Lost Time Incidents

Posted: March 1, 2021 at 6:16 pm   /   Renewables

West Bakr Wind, Lekela’s 250MW project in Egypt, celebrates a new milestone today, as it reaches 1 million hours of work with no Lost Time Incidents (LTIs), i.e., an incident that results in an employee missing work due to an injury. To commemorate this achievement, Lekela celebrated with its workers and subcontractors onsite with the […]

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mario mehren

Wintershall Dea APC: A challenging year. A strong performance.

Posted: February 27, 2021 at 7:16 pm   /   Oil & Gas

2020 was a challenging year. Wintershall Dea ended it with a strong operational dynamic in the fourth quarter and is well-positioned for the future. All the background information, reports and media about this year’s Annual Press Conference (APC) 2021. “2020 was undoubtedly a difficult year for everybody and I’m proud of the way that Wintershall […]

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Egypt Palestine

Egypt, Palestine sign MoU to develop Gaza Marine gas field

Posted: February 24, 2021 at 2:11 pm   /   Oil & Gas

Egypt is also set to work with Palestine to develop the Gaza Marine gas field under an MoU EGAS Chairman Magdy Galal signed with Palestine Investment Fund Chairman Mohammed Mustafa yesterday, according to Wafa News Agency. Palestine is one of the founding members of the EastMed Gas Forum. President Mahmoud Abbas received today Egypt’s Minister […]

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pipeline

Hungary to import Egyptian gas once Greek-Bulgarian pipeline is complete

Posted: February 24, 2021 at 2:06 pm   /   Oil & Gas

Hungary plans to import Egyptian natural gas once a Greek-Bulgarian pipeline is complete, Hungarian Foreign Minister Péter Szijjártó said at a press conference with Egyptian Foreign Minister Sameh Shoukry yesterday after a meeting on trade, cooperation, and curbing illegal migration to Europe. What does a pipeline to Bulgaria have to do with Hungary? Greece and […]

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Damietta-LNG

New ownership agreement for Damietta LNG plant to be signed next month

Posted: February 24, 2021 at 1:58 pm   /   Oil & Gas

Dispute that put Damietta LNG in a coma to end next month: It seems possible that the plant will be making regular scheduled shipments starting from next month, as a final agreement to establish a new ownership structure for the Damietta LNG plant is due to be finalized on 15 March, Oil Ministry spokesperson Hamdy […]

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Wataneya

Franchisers added to list of potential buyers for Wataniya Petroleum

Posted: February 24, 2021 at 1:53 pm   /   Oil & Gas

Franchisers are now on the list of potential buyers for 80-90% of military-owned Wataniya Petroleum, Sovereign Fund of Egypt (SFE) CEO Ayman Soliman told Reuters. The inclusion of franchising as a potential model for the sale came after the fund saw that some markets, including Europe, follow that model. The SFE, which is managing the […]

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Damietta

Damietta LNG plant restarts production, first cargo lifted – Eni

Posted: February 23, 2021 at 1:58 pm   /   Oil & Gas

The first LNG cargo from the Damietta liquefaction plant in Egypt was successfully produced and lifted. This is the first LNG cargo produced by the terminal after it was shut down in 2012. Such event represents an important milestone in the process to complete the agreement reached on December 1st 2020 aimed at settling all […]

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Eni

Eni scales back Egypt daily oil & gas production after demand shock

Posted: February 23, 2021 at 1:50 pm   /   Oil & Gas

Eni’s daily production of oil and gas from its Egypt-based assets fell 18% in 2020, as global energy markets reckoned with one of the biggest demand shocks in history thanks to the pandemic. Figures in the company’s full-year earnings statement show that oil and gas production slumped to 291k barrels of oil equivalent per day […]

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Turboden

Turboden, Siemens Energy start development of GASCO NatGas Compressor Station in Dahshour

Posted: February 22, 2021 at 12:58 pm   /   Oil & Gas

Turboden, together with Siemens Energy, starts the development of a “first of its kind” high efficient gas compressor station at GASCO in Dahshour, Egypt. A 28MWe Organic Rankine Cycle (ORC) system coupled to Electrical Motor Driven (EMD) Compressor Trains working in island mode to increase the Dahshour station compression capacity of 25% without any additional […]

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