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Tag: Egypt
https://enterprise.press/stories/2019/10/13/karmsolar-signs-egp-230-mn-loan-agreement-with-banque-misr/

KarmSolar signs EGP 230 million loan agreement with Banque Misr

Posted: October 15, 2019 at 12:45 pm   /   Renewables

KarmSolar has signed a EGP 230 mn loan agreement with Banque Misr to build 24 MW solar power plants, CEO Ahmed Zahran told the local press. Zahran did not say how many plants the company will establish with the money. KarmSolar is also in talks with five local and international banks for a EGP 1 […]

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Tungsten Explorer

ADVantage to drill deepwater Nigma prospect offshore Egypt

Posted: October 14, 2019 at 4:30 pm   /   Oil & Gas

ADES International Holding has won an order to drill its second deepwater well in the Egyptian sector of the Mediterranean Sea. ADVantage, the joint venture between ADES and Vantage Drilling International, will drill the Nigma-1 well for an unnamed IOC, using the drillship Tungsten Explorer. The program is set to last 73 days. The contract […]

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shell-moc

Shell announces participation in MOC 2019 as Platinum Sponsor

Posted: October 11, 2019 at 3:30 pm   /   Oil & Gas

Under The Patronage of H.E Eng Tarek El Molla, Minister of Petroleum and Mineral Resources: Shell Egypt is the 10th Mediterranean offshore Conference and Exhibition (MOC2019) Platinum Sponsor. Shell Egypt announced its participation in the 10th Mediterranean offshore Conference and Exhibition (MOC 2019) as a platinum sponsor. The event will be held from the 15th […]

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Vantage

ADES International wins its second deepwater drilling contract in Egypt

Posted: October 11, 2019 at 2:29 pm   /   Oil & Gas

ADES International Holding has secured a deep-water drilling contract in the Egyptian Mediterranean area. ADES confirmed the contract award on Friday with an unnamed “top tier international oil company”. Award to be sub-contracted out to company’s joint venture with Vantage Drilling. The company said it would provide the work via Vantage Drilling’s Tungsten Explorer. The […]

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Shell

Production at Shell’s Rashid, Burullus fields rises to 290 mmcf/d in September

Posted: October 9, 2019 at 1:10 pm   /   Oil & Gas

Royal Dutch Shell’s natural gas output from the Rashid and West Nile Delta Burullus fields increased to 290 mmcf/d in September from 220 mmcf/d the previous month, an EGAS source told the local press. The company recently linked 80 mmcf/d from a newly-developed well to the natural gas grid, offsetting the field’s natural depreciation. Shell […]

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United

United Oil & Gas’ acquisition of Rockhopper to close by 4Q2019

Posted: October 8, 2019 at 3:51 pm   /   Oil & Gas

United Oil & Gas’ acquisition of Rockhopper Egypt “progressing well”: Rockhopper Exploration’s sale of its Egypt business to Irish energy company United Oil & Gas is on track to be completed by the end of 4Q2019, Rockhopper said in a statement yesterday. Rockhopper and United had signed a USD 16 million share purchase agreement in […]

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IPP

Egypt’s Renewable Energy IPP Model – by Shehata & Partners Law Firm

Posted: September 22, 2019 at 12:41 pm   /   Renewables

In Egypt, an independent power plant (“IPP“) may, subject to applying for and successfully being granted a generation license, sell electricity to private consumers under two different schemes; the net-metering scheme and the wheeling scheme. Both schemes are regulated by EgyptERA and involve the relevant network operator, being the relevant DisCo, or EETC (concerning the […]

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LightsourceBP

Lightsource BP eyes projects worth $8 billion amid expansion plans

Posted: September 22, 2019 at 12:34 pm   /   Renewables

BP’s solar energy arm eyes $8 billion worth of projects amid expansion plans. Lightsource BP, in which the major took a 43 per cent stake in 2017 eyes possible expansion in China and Australia – Lightsource BP chief executive Nick Boyle said he was targetting 10GW capacity build-up by 2023. Lightsource, the solar arm of […]

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LNG

Egyptian LNG to return to full operation – Petroleum Economist

Posted: September 22, 2019 at 12:27 pm   /   Oil & Gas

One of Egypt’s two liquefaction plants will back to full operation next month. The 7.2mn t/yr Egyptian LNG (ELNG) facility will return to 100pc of nameplate capacity next month, the firm’s senior optimisation manager Tamer Abdelsalam told the Gastech conference in Houston. It is currently operating at 90pc capacity. Full output is a far cry […]

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Eni

Eni starts production of Baltim SW field offshore Egypt in record time

Posted: September 18, 2019 at 12:33 pm   /   Oil & Gas

Eni successfully started-up production from the offshore Baltim South West gas field in Egypt. Discovered by Eni in June 2016, the field goes on-stream in a record time. It lies within the Great Nooros area in which Eni first recognised great gas production potential and where it is conducting other new exploration projects. Eni announces the […]

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