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Tag: Mediterranean
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EGAS announces completion of drilling of fourth well in Egypt's giant Zohr gas field

Posted: July 4, 2016 at 4:28 pm   /   Oil & Gas

Egyptian Natural Gas Holding Company – EGAS finished drilling fourth well in Zohr gas field in Mediterranean Sea, Chairman Mohamed El Masry said Saturday. EGAS is committed to the determined drilling schedule of the Italian oil company Eni, the head stated. He added that finishing drilling works at the fourth well is set to accelerate […]

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CEO of Snam says Egypt may return to gas exports after Zohr discovery

Posted: July 1, 2016 at 3:18 pm   /   Oil & Gas

• Egypt’s Zohr ‘super-giant’ field discovery seen as a ‘game changer’. • Discovery to make Egypt self-sufficent in meeting its gas demand. Egypt may resume natural gas exports thanks to major discoveries off its shores, according to Snam SpA, Europe’s biggest gas infrastructure company. The findings are “very significant for North Africa” and especially Egypt, […]

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OneSubsea lands Zohr subsea production systems contract

Posted: June 21, 2016 at 4:16 pm   /   Oil & Gas

FasTrac program for strategic gas development in Mediterranean region. OneSubsea, a Schlumberger company, has been awarded an engineering, procurement and construction contract totaling more than $170 million from Belayim Petroleum Company (Petrobel). OneSubsea will supply the subsea production systems for the first stage of the Zohr gas field, located in the Shorouk Concession, offshore Egypt. […]

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ABO: Egypt dreams of new pipelines crossing the Red Sea

Posted: June 18, 2016 at 4:21 pm   /   Oil & Gas

The latest agreement between the government of Cairo and Aramco is just one of the pieces that make up Egyptian strategy, created to transform the country into a regional energy hub. The aim is ambitious but feasible with the financial help of the Gulf countries. Egypt could become a world class energy hub, not only […]

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Egypt stands out in IEA's Africa Gas Outlook

Posted: June 16, 2016 at 9:38 pm   /   Oil & Gas

Both supply and demand average growth rates for African gas will exceed world average growth of 1.5%/yr between 2015 and 2021, forecast the IEA’s 2016 world Medium Term Gas Market Report (MTGMR), released last week. The continent’s gas production and supply is expected to grow by 2.2%/yr on average during that period, driven by Egypt […]

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BP, Eni announce significant new gas discovery in Egypt’s East Nile Delta

Posted: June 9, 2016 at 5:39 pm   /   Oil & Gas

BP Egypt announced today another important gas discovery in the Baltim South Development Lease in the East Nile Delta, in the Eastern Mediterranean offshore. The Baltim SW-1 exploration well, drilled in water depth of 25 metres by operator IEOC (Eni), reached a total depth of 3750 metres depth and penetrated approximately 62 metres of net […]

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Aker Solutions wins order for Zohr offshore gas field umbilicals

Posted: June 6, 2016 at 2:02 pm   /   Oil & Gas

Aker Solutions won a contract to deliver its longest-ever umbilicals system at the Zohr offshore gas field in the Egyptian part of the Mediterranean Sea. The agreement with Petrobel in Egypt is worth more than NOK 1 billion and will be booked in the second quarter. It stipulates the delivery of 180 kilometers of steel […]

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Infographic: Eastern Mediterranean – A Sea of Gas (ABO.net)

Posted: June 6, 2016 at 1:49 pm   /   Oil & Gas

The evolution of the energy scenario following the discovery of the Zohr gas field. (Source: ABO.net)

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Egypt’s upstream opportunities (Interview with Beach Petroleum Egypt Country Manager)

Posted: May 29, 2016 at 7:39 pm   /   Oil & Gas

Samir Abdelmoaty, the Egypt country manager of Beach Petroleum, talks to TOGY about the improvements needed in supply chain management and the main attractions for foreign investors in the Egyptian oil and gas market. Beach Energy is a junior E&P company that has the majority of its most prolific producing basins in Australia. In Egypt, […]

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BP's exploration strategy shrinks with budget cuts

Posted: May 24, 2016 at 1:22 pm   /   Oil & Gas

The surprise departure of BP’s exploration boss has turned the spotlight on an oil search strategy that, after years of spending cuts, is focusing mainly on expanding existing fields rather than venturing expensively into the unknown. That caution reflects a firm chastened by the $55 billion cost of its 2010 Gulf of Mexico spill, and […]

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