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Tag: Idku

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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LNG

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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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 (ABO.net)

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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Egypt eyes Idku LNG restart following Shell deal

Posted: October 9, 2016 at 7:46 pm   /   Oil & Gas

Egypt is slowly moving closer to restarting LNG exports following a deal with Shell to raise the volume of gas sent to the Idku LNG plant. Shell cut a deal with the Egyptian government in mid-September to send 3.54 million cubic metres per day to Idku from the company’s gas fields to compensate for some […]

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Edison begins drilling three wells in Idku, Abu Qir, North West El Gindi by January

Posted: October 4, 2016 at 2:08 pm   /   Oil & Gas

Italian energy firm Edison will begin drilling three at its concessions in Idku, Abu Qir, and North West El Gindi, head of business development Tarek Shalaby told Al Borsa. He also added that Edison and Qalaa Holdings are currently in negotiations with the oil and electricity ministries to build a 180 MW power plant in […]

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Shell's dues increase to $1.3bn from Burullus, Rashid gas returns

Posted: October 3, 2016 at 9:58 pm   /   Oil & Gas

Shell postponed the implementation of the 9B stage until the ministry commits to repaying outstanding debts, says source. The Ministry of Petroleum’s outstanding dues to the Royal Dutch Shell Company increased to $1.3bn from $1.1bn in July from the returns of the foreign partner’s gas share produced from Rashid and Burullus fields’ concessions, which BG […]

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