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Tag: Gulf of Suez
Vestas

Egypt, Vestas sign agreement for 250 MW wind farm in Gulf of Suez

Posted: August 20, 2020 at 1:13 pm   /   Renewables

Egypt, Vestas-led intl group agree to build 250-MW wind farm Egypt’s New and Renewable Energy Authority (NREA) and an Italian-French-Chilean alliance led by Danish turbine maker Vestas Wind Systems A/S have signed an agreement to realise a 250-MW wind project in the Gulf of Suez. Involving an investment of around EUR 228 million (USD 270.2m), […]

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Egypt-NW-Gemsa-SDX

Gulf Energy pays $1.4 million to North Petroleum for operations at NW Gemsa

Posted: August 16, 2020 at 11:45 am   /   Oil & Gas

Gulf Energy has paid off USD 1.4 million in arrears SDX Energy owed to China’s North Petroleum for production at the North West Gemsa concession, which SDX and North Petroleum were operating together, Al Mal reports, citing an unnamed industry source. SDX sold its 50% working interest in the concession to Gulf Energy last month […]

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Orascom-Construction-Ras Ghareb

EBRD to provide $50m long-term loan for Egypt’s Ras Ghareb wind plant

Posted: August 9, 2020 at 1:35 pm   /   Renewables

EBRD to provide long-term loan to Egypt for large wind plant in Gulf of Suez: The EBRD has approved a USD 50 mn long-term loan to help finance a USD 560 mn, 500 MW wind power plant in the Gulf of Suez. The plant, which will be located approximately 40 km northwest of Ras Ghareb, […]

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Cheiron-gulf-assets

Cheiron sees first oil from Geisum appraisal well in Egypt’s Gulf of Suez

Posted: June 19, 2020 at 2:09 pm   /   Oil & Gas

PICO GoS Limited, a Cheiron Group company, has achieved the first oil production from its appraisal well GNN-4 in the Geisum Concession in Egypt’s Gulf of Suez. The Geisum Concession is located offshore Egypt in the Southern Gulf of Suez in shallow waters with a depth ranging from 30 to 200 feet, covering an area […]

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Shelf-Drilling

Shelf Drilling receives early termination of jack-up contract offshore Egypt

Posted: June 19, 2020 at 2:06 pm   /   Oil & Gas

Shelf Drilling hit by another early termination of jack-up contract: Shelf Drilling has received an early termination of a drilling contract for a jack-up rig operating offshore Egypt. Shelf Drilling said on Friday it has received a notification from a customer on early termination of the Trident 16 contract. As a result, the contract end […]

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Neptune

Neptune Energy completes OBN seismic survey offshore Egypt

Posted: May 9, 2020 at 3:10 pm   /   Oil & Gas

Neptune Energy announced the successful completion of an ocean bottom nodes (OBN) multiclient survey in the North West El Amal block, offshore Egypt, delivering promising results for further analysis. The project, prefunded by Neptune, was carried out by WesternGeco, the seismic and geophysical data solutions division of Schlumberger, under a contract with the Egyptian General […]

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GHP-Farm_out

GHP Exploration farming out 50% of its share in West Gebel El Zeit Concession

Posted: March 24, 2020 at 3:36 pm   /   Oil & Gas

GHP Exploration is farming out a 50% working interest in its West Gebel El Zeit concession, situated in the prolific Gulf of Suez basin. GHP Exploration is announcing an opportunity for a farm-in (up to 50%) into its attractive and prospective – West Gebel El Zeit concession, Egypt. The concession is adjacent to producing oilfields […]

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shelf drilling

Shelf Drilling secures jack-up rig contract extension offshore Egypt

Posted: March 9, 2020 at 2:58 pm   /   Oil & Gas

Shelf Drilling has secured a one-year contract extension for the Trident 16 jack-up rig in direct continuation of its current term with Belayim Petroleum Company (‘Petrobel’) for operations in the Gulf of Suez offshore Egypt. The Trident 16 has been working with Petrobel in Belayim fields since 2015, and following this extension, the expected availability […]

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Lekela

Lekela starts construction of 250 MW West Bakr wind farm in Ras Ghareb, Egypt

Posted: February 29, 2020 at 12:59 pm   /   Renewables

Work has now started on the West Bakr wind project site in Ras Ghareb, Egypt. The 250 MW project is being developed by Lekela, an Independent Power Producer (IPP). Construction of the West Bakr wind project is currently underway. Work has recently been launched at a ceremony attended by several Egyptian officials, including the Minister […]

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Dragon Oil

Dragon Oil to invest $650 mn in Egypt, looks to acquire Western Desert assets

Posted: February 18, 2020 at 1:57 pm   /   Oil & Gas

Dragon Oil to invest USD 650 million in Egypt over the next five years: UAE-based oil and gas company Dragon Oil plans to invest an additional USD 650 million in Egypt over the next five years by acquiring operating assets in the Western Desert, COO Tayeb Huwair told Hapi Journal without disclosing which units the […]

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