PGS’ MultiClient seismic reveals multiple opportunities offshore Egypt in 2021 licensing round
PGS has 3,400 km of modern MultiClient seismic data covering all the blocks on offer in the Egypt Offshore Licensing Round. This much-anticipated round extends exploration opportunities in one of Africa’s most prolific petroleum provinces. Prospectivity of the Area The Ministry of Petroleum recently announced an Egypt Offshore Licensing Round in a highly prospective area […]
Lithuania’s Klaipėda LNG terminal receives first cargo from Egypt
Lithuania’s Klaipėda LNG terminal expects to receive approx. 138,000 cubic metres of LNG for the first time from Egypt. LNG carrier LNG Fukurokuju, built in 2016 and currently sailing under the flag of the Bahamas, is to deliver the cargo from Idku natural gas liquefaction plant in Egypt. The Lithuania LNG terminal, operated by KN […]
Apache moves toward revamp of its contracts in Egypt’s Western Desert
APA Corp. reached an agreement in principle with Egypt’s Ministry of Petroleum and Mineral Resources and the Egyptian General Petroleum Corp. in support of the MOP’s efforts to modernize the country’s petroleum sector. The new Production Sharing Contract (PSC) will consolidate most of the concessions in the Western Desert of Egypt operated by APA Corp. […]
Egypt signs agreement for major petrochemical plant in Ain Sokhna
Egypt launches $7.5bn petrochemical plant in Ain Sokhna: Egypt has signed an agreement for a major petrochemical plant in Ain Sokhna, with an investment of $7.5 billion. Egypt has signed an agreement for a major petrochemical plant in Ain Sokhna, with an investment of $7.5 billion. Egyptian Prime Minister Mostafa Madbouly attended the signing ceremony […]
Siemens Energy & Turboden expand, decarbonize Egypt’s natgas network
Siemens Energy, together with Turboden, expands and decarbonizes Egypt’s natural gas transmission network. Siemens Energy, working with Turboden S.p.A., a Mitsubishi Heavy Industries Group Company, has started development on the GASCO Dahshour gas compressor station (GCS) in Egypt, which will increase gas compression by 25%, without further fuel consumption, while reducing CO2 emissions by 120’000 […]
IPR Wastani taking Dana Gas to arbitration over cancelled Egypt deal
IPR Wastani seeks arbitration for cancelled sale of Dana Gas’ Egypt assets: IPR Wastani Petroleum is filing for arbitration after the UAE’s Dana Gas called off the sale of its oil and gas assets in Egypt to the Texas-based IPR Energy Group member, Dana Gas said in a statement cited by Reuters. The request for […]
Elsewedy Electric signs EGP 870 mn deal for Delta regional control center
Elsewedy Electric subsidiary signs EGP 870 mn agreement for Delta regional control center: A consortium of Elsewedy Electric’s unit, Elsewedy Electric for Trading and Distribution, and Japan’s Hitachi ABB has won an EGP 870 mn turnkey EPC contract to build the Delta regional control center with the Egyptian Electricity Transmission Company, according to a press […]
EBRD assisting Egypt with green hydrogen development studies
The European Bank for Reconstruction and Development (EBRD) is assisting the Egyptian and Moroccan governments with studies for developing green hydrogen. Speaking at the World Hydrogen Mena online conference on 21 April, Gabriel Lastours, head of energy Middle East and Africa at EBRD, said that the development bank was doing studies for the governments in […]
Wintershall Dea announces gas production from WND’s Raven field offshore Egypt
Major milestone achieved with start-up of third phase of West Nile Delta project The fifth field in the offshore project, Raven will significantly boost production of WND Wintershall Dea and operator bp produce gas from Raven, the fifth field of the offshore West Nile Delta project. Currently, Raven’s gross production is approximately 600 million standard […]
Sale talks over Dana Gas’ Egypt assets to IPR Wastani break down
UAE’s Dana Gas walks back on plans to offload Egypt assets: Abu Dhabi-listed energy producer Dana Gas has canceled plans to sell its Egypt-based onshore oil and gas assets after failing to reach an agreement on certain conditions with would-be buyer IPR Wastani Petroleum, Dana said in a statement. Dana and Wastani, which had both […]
