SDX Energy extends Egypt’s West Gharib PSA for ten years to 2031
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 […]
Lekela’s West Bakr Wind Farm reaches 1 Million Man-Hours without Lost Time Incidents
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 […]
Wintershall Dea APC: A challenging year. A strong performance.
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 […]
Egypt, Palestine sign MoU to develop Gaza Marine gas field
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 […]
Hungary to import Egyptian gas once Greek-Bulgarian pipeline is complete
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 […]
New ownership agreement for Damietta LNG plant to be signed next month
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 […]
Franchisers added to list of potential buyers for Wataniya Petroleum
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 […]
Damietta LNG plant restarts production, first cargo lifted – Eni
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 […]
Eni scales back Egypt daily oil & gas production after demand shock
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 […]
Turboden, Siemens Energy start development of GASCO NatGas Compressor Station in Dahshour
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 […]
