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Tag: Gulf of Suez

Egypt to resolve energy issues with 21 new oil & gas projects in 3 years

Posted: September 19, 2017 at 1:38 pm   /   Oil & Gas

The petroleum sector is starting to regain its strength after the difficult period that followed the 25 January and the 30 June revolutions. The sector managed, over the past four years, to achieve distinct results in all petroleum fields after the return of political stability and security, backed by efforts and procedures made by the […]

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Egyptian drilling contractor ADES builds shallow-water jackup fleet

Posted: September 16, 2017 at 8:42 pm   /   Oil & Gas

(Offshore Magazine) Jeremy Beckman Drilling contractors continue to downsize in most parts of the world except the Middle East, where offshore activity has held steady. One of the more opportunistic players in the region is ADES International Holding which has taken advantage of continued overcapacity in the market to acquire and recondition legacy jackups from […]

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ADES wins contract extensions for two offshore jackup rigs in the Gulf of Suez

Posted: September 13, 2017 at 7:12 pm   /   Oil & Gas

Drilling contractor ADES International Holding has secured contract renewals for two of its jackups in the Gulf of Suez offshore Egypt. General Petroleum Co. has extended the hire of the Admarine VI to March 2018, while the Admarine V will work for a further year for Petrobel, with an optional six-month extension. In addition, ADES […]

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Cabinet approves assignment of Ras Fanar development area in Gulf of Suez to EGPC

Posted: September 7, 2017 at 2:32 pm   /   Oil & Gas

The Sherif Ismail cabinet granted preliminary approval to transferring supervision of oil and gas production in Ras Fanar to the Egyptian General Petroleum Corporation (EGPC), until legislation is issued to govern the region. The cabinet approved Wednesday assigning the development of the Gulf of Suez’s Ras Fanar region to the Egyptian General Petroleum Corporation (EGPC). […]

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Petrobel: Zohr gas field work 83.5% complete, progressing quickly

Posted: August 22, 2017 at 3:40 pm   /   Oil & Gas

Progress of development works of the Mediterranean’s largest gas field Zohr was given at a current rate of 83.5 percent, with $4 billion in investments so far. At the beginning of the month, Zohr works were 80 percent complete as stated by the Ministry of Petroleum, with $3.8 billion in investments. In a meeting with […]

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Paul Welch

SDX to exit South Ramadan, switch focus to South Disouq in Egypt

Posted: July 30, 2017 at 6:05 pm   /   Oil & Gas

AIM-listed player to relinquish South Ramadan asset as it concentrates efforts on South Disouq development. SDX Energy is letting go of an offshore asset in Egypt as the UK-based player looks to concentrate capital in the country on a fast-track gas development in the north. The AIM-listed company held talks this week with its partners […]

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wind power

Four companies remain in bid for 250 MW wind farm in Gulf of Suez

Posted: July 26, 2017 at 12:57 pm   /   Renewables

Four companies remain in the running for developing the 250 MW wind farm in the Gulf of Suez. Vestas, Siemens, Enercon, and Ray Power were the remaining bidders after a consortium made up of Power China and Goldenwind was eliminated from the race, Al Borsa reports. The bidding companies are scheduled to submit their technical […]

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Ganope to award two IOCs E&P blocks in Western Desert, will announce Bid Round results by end of month

Posted: July 11, 2017 at 3:15 pm   /   Oil & Gas

Ganoub El Wadi Petroleum Holding Company (Ganope) will award two international companies oil and gas E&P projects in the Western Desert, an unnamed Ganope source tells Al Borsa. Ganope will announce the winners of the tender for 10 blocks in the Western Desert and Gulf of Suez in two weeks’ time, according to the source. […]

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SDX Energy announces Egypt operational update

Posted: July 5, 2017 at 4:52 pm   /   Oil & Gas

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, is pleased to provide an operational update for Egypt. South Disouq (55% Operated working interest) Following the successful drilling of the SD-1X exploration well and resulting natural gas discovery at South Disouq, a Resources Update was prepared on behalf of SDX […]

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Mediterra Energy raises production by 17% from Sinai fields

Posted: July 4, 2017 at 2:55 pm   /   Oil & Gas

The Egyptian minister of petroleum and mineral resources Tarek El Molla said that oil production in Sinai fields increased from 1,200 to 1,400 barrels per day since July 2016. These fields include Ras Sudr, Asl, and Matarma, and they are all located on the eastern side of the Gulf of Suez. Tarek El Molla added […]

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