Neptune prepares for well on Yakoot gas prospect offshore Egypt
Neptune Energy provides offshore Egypt and Indonesia project updates in its full-year 2022 report. Neptune Energy expects to drill its first operated well this summer in Egypt’s North West El Amal concession in the southern Gulf of Suez. The well, targeting the Yakoot structural trap in shallow water, follows the acquisition of 3D seismic in 2020. […]
Egypt launches new bid round for Brownfields in Gulf of Suez, Eastern Desert
Announcement of 2023 International Bid Round for Brownfields (Gulf of Suez & Eastern Desert) The Egyptian General Petroleum Corporation (EGPC) invites Oil and Gas companies to participate in the 2023 International Bid Round for Brownfields which includes (8) Eight brownfields, (7) Seven of them under the supervision of SUCO (Two Fields) and OSOCO (Five Fields) […]
Shelf Drilling secures contract extension on Rig 141 offshore Egypt
UAE-headquartered offshore drilling contractor Shelf Drilling has secured a one-year contract extension for the Rig 141 jack-up rig in direct continuation of its current term with Gemsa Petroleum Company for operations in the Gulf of Suez offshore Egypt. Following this extension, the expected availability of the rig is February 2024. (Source: Shelf Drilling)
Sovereign Fund of Egypt joins ACWA Power as co-investor of 1.1 GW Wind Energy project in the Suez Gulf Area
ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, today signed a memorandum of Understanding (MoU) with The Sovereign Fund of Egypt (TSFE) to explore a joint investment in the 1.1 GW Wind Energy project, located in the Gulf of Suez in Egypt. The MoU […]
Petrofac to explore feasibility of green hydrogen to ammonia facility in Egypt
Petrofac, a leading international service provider to the energy industry, has won its first new energies project in Egypt with an in-country subsidiary of Egypt-focused Mediterranean Energy Partners (MEP). The project is an early-stage study assessing the feasibility of a new green hydrogen to ammonia facility that will target the production of 125,000 tonnes of […]
ACWA Power in advanced talks with SFE over 250MW wind farm in Gulf of Suez
ACWA Power and the sovereign wealth fund eye a new Suez wind farm: Saudi renewables company ACWA Power is in advanced talks with the Sovereign Fund of Egypt (SFE) to build a c. 250 MW wind farm in the Gulf of Suez, Al Borsa reports, citing unnamed sources who claimed a contract could be signed within weeks. […]
UAE’s Dragon makes huge 100 mn oil barrel discovery in Gulf of Suez
Dragon Oil strikes for the first time — and strikes big — in Suez concessions: Emirates National Oil Company (ENOC) subsidiary Dragon Oil has discovered a 100-mn-barrel oil field in the Gulf of Suez concessions it acquired from BP in 2020, the company said during a sit-down with Oil Minister Tarek El Molla, according to a ministry statement. The […]
Wintershall Dea divests its interest in the Gulf of Suez concession
Transfer of interest to the Egyptian General Petroleum Corporation after 38 years of efficient production. Proud history in Egypt will continue. Stronger focus on production of natural gas. As of 1st January 2022, after 38 years of economic and efficient production from the Gulf of Suez, Wintershall Dea is closing this chapter of its long […]
Hitachi Energy to connect Gulf of Suez wind farm with Egypt’s national power grid
The solution will help the country meet its renewable energy targets advancing a sustainable energy future for all. Hitachi Energy is delivering to Vestas, the world’s leading supplier of wind turbines1 and engineering, procurement and construction (EPC) contractor a grid integration solution to connect the 250 megawatt Gulf of Suez 1 wind farm in Egypt, owned by the […]
Eni awarded five Exploration Licenses in Egypt 2021 Bid Round
The licenses are located in the Eastern Mediterranean Sea, Western Desert and Gulf of Suez Eni has been awarded five new exploration licenses by the Egyptian Ministry of Petroleum. The licenses, four of which as Operator, are in the Egyptian offshore and onshore, and follow the successful participation to the 2021 competitive “Egypt International Bid […]
