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Tag: LNG

Shell and BG to receive $400 million of dues by end of June

Posted: May 18, 2016 at 12:51 pm   /   Oil & Gas

The $3.2 billion debt is promised to be fully repaid by the end of 2016. Shell and British Gas (BG) have reached an agreement with the Petroleum Ministry to obtain $400m of their financial dues by the end of June, in exchange for renting a driller and resuming work in the 9B phase of the […]

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EGAS to rent FSRU located in Jordan with 500 mcf/d capacity from 2017

Posted: May 18, 2016 at 12:42 pm   /   Oil & Gas

Gas line with Amman to re-open this summer, importing 200 mcf/d. The Egyptian Natural Gas Holding Company (EGAS) plans to rent a gasification ship located in Jordan with a capacity of 500m cubic feet of gas daily and to host it in a private port controlled by SUMED in Ain Sokhna in 2017. A prominent […]

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Video: Shell CEO Ben van Beurden interview with ABC News 24, Australia

Posted: May 8, 2016 at 10:43 am   /   Oil & Gas

Australian broadcaster ABC News 24’s Ticky Fullerton spoke to Shell CEO Ben van Beurden in Perth on the sidelines of the 18th International Conference & Exhibition on Liquefied Natural Gas (LNG 18), on April 12, 2016. Ben discussed the challenges created by oversupply and increased volatility in the oil market, the importance of becoming cost-competitive, […]

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Video: Chevron CEO John Watson discusses LNG market on CNBC

Posted: April 22, 2016 at 2:00 pm   /   Oil & Gas

Several of our business leaders attended the 18th International Conference & Exhibition on Liquefied Natural Gas – LNG 18 – in Perth, Australia this week. This year’s conference theme was “the transformation of gas” and Chairman and CEO John Watson delivered an address on the opening day of the event. After his presentation, Watson sat […]

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ENGIE signs LNG and renewable energy agreements with Egypt

Posted: April 19, 2016 at 7:36 pm   /   Oil & Gas, Renewables

Firstly, a cooperation agreement for further development of renewable energy with the National Renewable Energy Association (NREA) and the Egyptian Electricity Transport Company (EETC). On the occasion of  the State Visit of President François Hollande of the French Republic to Egypt, Isabelle Kocher, Deputy CEO and Chief Operating Officer of ENGIE, has signed today two […]

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Video: ‪How Chevron Delivers Liquefied Natural Gas‬

Posted: April 16, 2016 at 2:00 pm   /   Oil & Gas

Natural gas is an important source of energy, but many gas reservoirs are located far from areas that need it. The challenge: How to transport natural gas across the ocean where there are no pipelines? The answer is technology. By liquefying natural gas, it can be shipped safely and efficiently around the world. This video […]

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BP to establish natural gas processing plant with 77bn cubic feet/day capacity

Posted: April 13, 2016 at 3:55 pm   /   Oil & Gas

BP to complete the LNG production facilities by end of 2020, says EGAS official. British Petroleum (BP) started to prepare the land allocated to establish a natural gas processing plant in Rosetta (Rashid) city, with a capacity ranging from 600m to 700m cubic feet per day. A senior official from the Egyptian Natural Gas Holding […]

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Ministry of Petroleum to allow BG to export liquefied gas through ADCO

Posted: April 12, 2016 at 11:11 am   /   Oil & Gas

BG withdrew its oil drills from the Burullus field in February before the company was acquired by Shell. The Ministry of Petroleum vowed to allow British Gas Group (BG), now a subsidiary of Shell, to export liquefied gas through the infrastructure of the Abu Dhabi Company for Onshore Petroleum Operations (ADCO). The decision comes after […]

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The Mediterranean Surprise (

Posted: April 8, 2016 at 8:32 pm   /   Oil & Gas

The cradle of civilization, this corner of the world has always been characterized by strong contrasts. Now, thanks to energy, it could become a new focal point of development and unexpected opportunities. The Eastern Mediterranean was the cradle of 3 great religions, bureaucracies and market institutions.  Alexander the Great was born there, the region was […]

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Video: Eni’s plans to strengthen its position in Europe’s gas market

Posted: April 1, 2016 at 7:50 pm   /   Oil & Gas

In light of Eni’s recent supergiant gas discovery at its Zohr Prospect in the Egyptian offshore, we asked Maria Rita Galli, SVP Portfolio strategy at ENI, to discuss her company’s activities in Egypt and in the Levant basin as well as Eni’s plans to develop its position in the European gas market. (Source: dmg events)

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