Newsletter subscribe

ADES announces appointment of new CFO

Posted: September 9, 2017 at 2:13 pm   /   Oil & Gas

ADES International Holding has named Ahmed El-Khatib as a Chief Financial Officer (CFO) with immediate effect. ADES is a London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries. The group operates a fleet of nine jack-up offshore drilling rigs, three onshore drilling […]

No Comments read more

Egypt's Petrobel achieves 30% increase over target in gas production

Posted: August 23, 2017 at 11:21 am   /   Oil & Gas

Company produces 75,000 crude oil barrels. Belayim Petroleum Company (Petrobel) has achieved a 30% increase over target in gas production in the current fiscal year. A source at the company told Daily News Egypt that the production increased to 1.6 billion cubic feet of gas per day. He pointed out that the company accounts for […]

No Comments read more

Saipem awarded $900 million offshore EPCI contract for Zohr Ramp Up Phase

Posted: July 27, 2017 at 8:52 pm   /   Oil & Gas

Saipem awarded offshore contract variations worth 900 million USD for the Optimised Ramp Up phase of the Zohr Field Development Project. Saipem and Petrobel have finalized offshore contract variations worth 900 million USD for Engineering, Procurement, Construction and Installation (EPCI) activities in relation to the “Optimised Ramp Up” phase of the “supergiant” Zohr Field Development […]

No Comments read more

ADES awarded series of Gulf of Suez drilling contracts by Eni

Posted: July 4, 2017 at 1:48 pm   /   Oil & Gas

Drilling and production services provider ADES International Holding Ltd said Monday it has made a series of contract agreements despite a period of oil price decline. The first contract is a new one awarded by Belayim Petroleum Co (Petrobel), a joint venture between Egyptian General Petroleum Corp (EGPC) and ENI IEOC, a subsidiary of Italian […]

No Comments read more

Rosneft will export gas from Egypt's Zohr project to Middle East and Europe — source

Posted: June 26, 2017 at 7:43 pm   /   Oil & Gas

Rosneft is buying a 30% stake in the project to develop the Shorouk block in Egypt’s offshore zone. Russian top oil producer Rosneft, which is buying a 30% stake in the project to develop the Shorouk block in Egypt’s offshore zone, where the Zohr gas field was discovered, will export gas from it to the […]

1 Comment read more
MOP - Zohr

El Molla: Zohr project 71% complete, production 1 bcf/d by end of year

Posted: June 18, 2017 at 3:04 pm   /   Oil & Gas

Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla, met with the Higher Committee, comprised of the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), Petrobel, Italy’s Eni, and BP to follow up on the development of the Zohr field project. EGAS Chairman , EGPC Chairman, Petrobel’s Chairman, Enppi’s Chairman, […]

No Comments read more

Total, Eni, BP start exploration program in North El Hammad offshore Egypt

Posted: June 8, 2017 at 6:52 pm   /   Oil & Gas

Total, Eni’s Egyptian subsidiary IEOC, and BP have commenced a gas and oil exploration program in the North El Hammad block, located in the conventional offshore of the Mediterranean Sea. The program aims to explore more fields in the area in order to increase Egypt’s oil and natural gas domestic. Natural gas and oil exploration […]

No Comments read more
Petrojet Zohr

Petrojet completes Zohr offshore platform ahead of schedule

Posted: June 4, 2017 at 5:20 pm   /   Oil & Gas

Petrojet company managed to complete manufacturing the offshore platform of Zohr gas field four months before the due date, Petrojet said in a Saturday statement. Chairman and Managing Director of Petrojet Salah Ismail inaugurated the platform, which weighs about 6,000 tons and was manufactured at Petrojet’s marine manufacturing yard in Alexandria. Zohr gas field is […]

No Comments read more

El Molla inspects progress of Zohr field project development

Posted: March 21, 2017 at 4:22 pm   /   Oil & Gas

The Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla, inspected the development of the Zohr gas field project, and met with the project’s Higher Committee to follow up on the progress of the project development. Eng. El Molla said that the Zohr gas field will produce almost 1 billion cubic feet per day […]

No Comments read more

Eni and BP complete sale of 10% of Shorouk concession offshore Egypt

Posted: February 14, 2017 at 8:25 pm   /   Oil & Gas

Eni’s CEO, Claudio Descalzi, Bob Dudley, CEO of BP, and the Egyptian Minister of Petroleum, Tarek El Molla signed a deed completing the sale to BP of a 10% stake in the Shorouk concession, offshore Egypt. The signing took place in Cairo in the presence of the Prime Minister Sherif Ismail. Eni and BP first […]

No Comments read more