Shell VP: Egypt to remain low-cost option for East Med LNG exports
Egypt’s Idku and Damietta LNG export plants are likely to remain the low-cost option for East Mediterranean gas producers looking to export, and the process of starting up supplies through Egypt from around the region is one of “normal project development,” Shell country chair and vice president Gasser Hanter said Tuesday. Hanter played down the […]
EGAS, EGPC 2018 Bid Rounds results announced with 12 blocks awarded
Shell wins big in Egypt: Supermajor lands five blocks in latest bid round, while ExxonMobil makes debut. Royal Dutch Shell, Eni, BP and Exxon Mobil were among the winners in one of Egypt’s largest ever oil and gas exploration tenders on Tuesday, as the country looks to sustain an investment upswing spurred by major discoveries. […]
DEA awarded new exploration licence in the Nile Delta Onshore Egypt
German upstream company is back to exploration in Egypt! The Egyptian Natural Gas Holding Company (EGAS) has awarded one new licence to DEA in its 2018 Bid Round. The East Damanhour exploration block (originally offered as Block 10) is covering 1,418 square kilometres and is located west of the Disouq development leases, where DEA is […]
DEA: First Gas from Giza, Fayoum WND fields offshore Egypt
Next milestone at DEA’s West Nile Delta project: First Gas from the Giza and Fayoum fields offshore Egypt. Production start from additional two gas fields in time and below budget. West Nile Delta contributes to DEA’s continuous growth. Maximum rate from Giza and Fayoum of approximately 700 mmscfd expected. DEA and operator BP commenced production […]
Carbon Holdings sponsors Egypt Petroleum Show EGYPS 2019
Chairman and CEO of Carbon Holdings, Basil El-Baz, will be attending the Egypt Petroleum Show (EGYPS) and will be a key note speaker discussing the petrochemical industry and Egypt’s economy. Carbon Holdings, a mid-to-downstream petrochemical company and catalyst of industrial development in Egypt, announced today that it will participate in and sponsor the 2019 Egypt […]
Eni’s offshore Nour one of six high-impact wells to watch – Wood Mackenzie
Consultant identifies six high-impact wells to watch. Latin American offshore plays will account for one-third of the large prospects due to be drilled globally this year, according to Wood Mackenzie. Potentially giant reservoirs off Brazil, Guyana, and Mexico will attract the highest investment. Dr Andrew Latham, vp, Global Exploration at Wood Mackenzie, said: “We expect […]
Zohr gas field offshore Egypt building to peak capacity – Rosneft
Gas produced from the deepwater Zohr field in the Egyptian sector of the Mediterranean Sea totaled 12.2 bcm last year, according to partner Rosneft. During the second half of the year, output increased almost fourfold compared with H1, when production amounted to 3.1 bcm. Over the course of 2018, the treatment capacity was increased in […]
Petrobel awards Shelf Drilling’s jack-up contract for operations in Egypt
Offshore drilling contractor Shelf Drilling has received a contract award for one of its jack-up rigs with Belayim Petroleum Company (Petrobel) for operations in the Gulf of Suez, offshore Egypt. Shelf Drilling said on Monday that the Trident 16 jack-up drilling rig had been awarded a one-year contract. The contract includes mutually agreeable options, and […]
Neptune, DEA submit bids for Edison oil and gas assets – sources
Pair of companies looking to take over oil and gas assets from Italian player. Private equity-backed Neptune Energy and Germany’s DEA have submitted bids for the oil and gas assets in Egypt, Italy and elsewhere which EDF’s Italian unit Edison is selling, industry sources said on Friday. The offers are non-binding at this stage, one […]
Alcazar AEES1 Solar PV project first of thirty to commence operation in Benban Solar Park Egypt
World’s Largest Solar Park’s First Round 2 PV Project Achieves Completion. Alcazar Energy’s 64 MW Solar PV plant (AEES1) is the first of thirty projects in the Benban Solar Park to complete construction and enter commercial operation. Benban will be the largest solar power installation in the world with up to 1.5 GW capacity located […]
