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Tag: Idku

Shell repays $2 billion Idku loan ahead of schedule

Posted: July 13, 2017 at 1:28 pm   /   Oil & Gas

Royal Dutch Shell repaid the final installment in the second tranche of a USD 2 billion loan issued to BG to build the Idku liquefaction plant ahead of schedule, a statement from the Petroleum Ministry picked up by Al Mal says. The company had said in January that it would complete the payments by December […]

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Subsea 7 moves through order book

Posted: April 16, 2017 at 1:59 pm   /   Oil & Gas

With fabrication under way for Phase Two on the Giza, Fayoum, and Raven fields, Subsea 7 says the last stage of the offshore campaign is in progress for Phase One of the West Nile Delta project on the Taurus and Libra fields, located in the Egyptian sector of the Mediterranean Sea. The company’s work on […]

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Mediterranean Sea: from gas new opportunities for integration (

Posted: January 20, 2017 at 7:47 pm   /   Oil & Gas

By Costanza Concetti. The new found hydrocarbon resources in the Mediterranean may represent the pretext for long-awaited regional integration. With Eni’s discovery offshore Egypt of the Zohr Field, whose 850 bcm of lean gas make it the largest gas trove in the Mediterranean to date, the Eastern Mediterranean has officially become a viable supply basin […]

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Shell to complete repayment of Idku liquefaction plant loan by end of 2017

Posted: January 3, 2017 at 1:33 pm   /   Oil & Gas

Royal Dutch Shell will complete repayment by December 2017 of the second tranche of a USD 2 bn loan issued to BG to build the Idku liquefaction plant, sources told Al Borsa. EGPC agreed to pay USD 480 mn of the first installment due to the Idku plant halting operations in 2012. The Idku plant […]

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Shell’s Idku plant to increase daily LNG export quota to 250 mcf

Posted: December 14, 2016 at 4:32 pm   /   Oil & Gas

Shell has agreed with the Petroleum Ministry to begin gradually increasing its LNG exports from its Idku liquefaction plant to 250 mcf/d, Al Borsa reported. Shell intends to send out LNG shipments every 20 days, he said, adding that the Idku LNG plant should be operating at full capacity by FY2020-2021. This comes as Shell […]

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Shell exports 3 gas shipments through Idku plant since September

Posted: December 14, 2016 at 4:29 pm   /   Oil & Gas

Supply from Burullus fields gradually being increased to 250m feet of gas. The Dutch oil company Shell has exported three liquefied gas shipments to international markets through its Idku plant for liquefaction since September, after it obtained 200m cubic feet of gas per day from production at the Burullus fields. A senior source at the […]

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van oord

Subsea 7 awards Van Oord two offshore contracts for BP's West Nile Delta work in Egypt

Posted: November 4, 2016 at 2:36 pm   /   Oil & Gas

Van Oord has been awarded two contracts by international contractor Subsea 7. The assignments include the construction of a landfall and the execution of subsea rock installation works in Egypt. The projects are part of the West Nile Delta project, which comprises the development of a series of gas fields, located 65 km off the […]

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The East Mediterranean gas revolution (

Posted: October 20, 2016 at 1:40 pm   /   Oil & Gas

By Nicoló Sartori. The recent discoveries give the region an unprecedented opportunity to foster cooperation on energy and its exports, as well as to reach for diplomatic ways to handle the region’s conflicts. The gas discoveries in the East Mediterranean have generated an outburst of enthusiasm, fostering an image of the region as a global […]

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Shell in talks with government to increase natural gas supply

Posted: October 13, 2016 at 1:40 pm   /   Oil & Gas

Shell is currently in talks with the government in order to increase exports, as the government seeks to increase supply to the domestic market. The Egyptian government is slowly moving closer to increasing the domestic energy supply and restarting liquefied natural gas (LNG) exports, as the government continues negotiations with Shell to raise the volume […]

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Shell reduces investment in Burullus, Rashid concessions to $158.9 million in operating expenses

Posted: October 10, 2016 at 6:55 pm   /   Oil & Gas

Daily decline rate 10m feet of gas at the company’s concession and there’s no production increase. Royal Dutch Shell reduced its investments for the current fiscal year (FY) in Burullus and Rashid concessions to only $158.9m for maintenance and operating expenses. A source within the petroleum sector told Daily News Egypt that the company allocated […]

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