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Tag: Mediterranean

El Molla speaking at OTC 2016: Egypt to offer 28 blocks, Zohr project creates 5,000 jobs

Posted: May 4, 2016 at 1:23 am   /   Oil & Gas

Egypt, boosted by the recent success with the offshore Zohr gas project in Shorouk concession, intended to offer 28 blocks for bidding by foreign oil and gas companies soon, Tarek El Molla, the country’s Minister of Petroleum and Mineral Resources said Tuesday at the Offshore Technology Conference (OTC) 2016 in Houston. “We are going to […]

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DEA at key oil and gas trade fair in Egypt – MOC 2016

Posted: May 3, 2016 at 9:42 am   /   Oil & Gas

DEA Deutsche Erdoel AG produces oil and gas in Egypt for more than 30 years and is one of the leading foreign investors in the country. At the Mediterranean Offshore Conference and Exhibition 2016 (MOC) in Alexandria, DEA presented technological highlights and current projects. As part of lectures scheduled for the technical conference programme and […]

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Infographic: Egypt by the numbers (ABO Oil Magazine)

Posted: May 2, 2016 at 6:27 pm   /   Oil & Gas

From ABO Oil Magazine #31: Gas – the Mediterranean at full throttle View the full magazine at: http://www.abo.net/en_IT/publications/magazine.page (Source: ABO.net)

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Eni advances plans for Zohr gas processing plant

Posted: April 30, 2016 at 12:18 pm   /   Oil & Gas

Eni SPA is moving forward with plans to build the first of two natural gas plants in Egypt as part of its program to increase processing capacity for gas from its deepwater Zohr development in the Mediterranean offshore Shorouk concession. Construction is already under way on the planned processing plant and associated gathering installations in […]

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Egypt – The opportunity to become a crucial regional energy hub: Self Sufficiency by 2020 (ABO Oil)

Posted: April 29, 2016 at 1:13 pm   /   Oil & Gas

According to Tareq al-Mulla, Minister of Petroleum and Mineral Resources, the start of production at new natural gas fields, led by Zohr—planned for 2017—offers the opportunity to achieve this goal. Tareq al-Mulla has been Egypt’s Minister of Petroleum and Mineral Resources since September 19, 2015, when his predecessor, Sherif Ismail, was appointed Prime Minister. He […]

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GE negotiating with foreign oil company in Egypt to participate in developing offshore Mediterranean oil field

Posted: April 27, 2016 at 4:31 pm   /   Oil & Gas

General Electric (GE) plans to invest $340m in the Egyptian market this year, $200m of which will be directed to establish a multi-modal manufacturing and training facility in Suez. In an interview with Daily News Egypt, GE President and CEO for North East Africa Ayman Khattab said the company is currently in negotiations with a […]

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Eni to build natural gas processing plant in Egypt's Port Said

Posted: April 26, 2016 at 8:01 pm   /   Oil & Gas

Italian energy giant Eni received 400 feddans in Port Said governorate to establish a plant for processing natural gas of Zohr field, Egyptian petroleum minister Tarek El-Molla stated Monday. Speaking to Amwal Al Ghad, El-Molla said that Eni is continuing drilling works in petroleum wells affiliate to Zohr gas field in Mediterranean Sea. He added […]

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Edison and EGPC ink deal to develop second phase of Abu Qir gas field

Posted: April 25, 2016 at 7:57 pm   /   Oil & Gas

Egypt’s General Petroleum Corporation signed an agreement with Electricité de France (EDF Group), owner of Italy’s Edison Company, to develop the second phase of Abu Qir Gas Project. The signing of the $220 million worth agreement was attended by Tarek al Molla, Minister of Petroleum and Mineral Resources in Cairo on Saturday. The deal involves […]

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Deepwater Egypt, Guyana to sustain subsea capex

Posted: April 22, 2016 at 9:23 pm   /   Oil & Gas

Douglas-Westwood (DW) latest subsea hardware market forecast predicts expenditure of $94.3 billion between 2016 and 2020. This represents a 19% decline compared to the 2011-2015 period. Report author Mark Adeosun said SURF and pipeline spend will account for more than 67% ($63 billion) of the forecast spend. “Over 7,500 km (4,660 mi) of SURF and […]

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Heads of International Oil Companies’ view at the 8th Mediterranean Offshore Conference (MOC 2016)

Posted: April 22, 2016 at 4:59 pm   /   Oil & Gas

Eng. Hisham Mekkawy, BP Regional President of North Africa reviewed the company’s experience in Egypt, pointing out that BP is proud of its long history of partnership with Egypt, which extends for more than 50 years. As BP is the largest foreign investor in Egypt, and Egypt is one of the largest countries of BP’s […]

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