East Mediterranean gas will improve energy security in Western Europe
Quite suddenly, there is remarkable oil industry news to come out of the East Mediterranean region. If the plan is executed, in the space of seven years the balance of energy security in Western Europe will be radically changed. In geopolitical terms, this will be immense; when the planned Israel-Cyprus-Greece-Italy gas pipeline is built, European […]
SDX Energy reports gas discovery at South Disouq onshore Egypt
Update on SD-1X well: Gas discovery at initial target depth, drilling continues to lower horizon. SDX Energy has announced that drilling on the carried SD-1X well at its South Disouq concession, where it holds a 55% equity interest and is operator in the Nile Delta area of Egypt has reached its first target depth. The […]
Edison International achieves milestone in Abu Qir, starting production from new platform NA/Q-PIII
Edison International Spa achieved a new significant milestone in Abu Qir Concession offshore Egypt starting gas production from the new platform North Abu Qir PIII (NA/Q-PIII). The first production well, NAQPIII#1, was turned on stream with outstanding performances on the 2nd April 2017 increasing the overall gas output of the field by the 20% circa. […]
Egypt paid $2.8 billion of international oil companies’ arrears in 3 years
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El-Molla, said on Monday that Egypt has repaid $2.8 billion of outstanding debts to international oil companies in the last three years. El-Molla added in an interview with the Oxford research centre that the government has reduced obligations to foreign partners from $6.3 billion to $3.5 […]
Infographic: LNG in 2017 – Significant increase in supply & demand (IGU)
2016 Global LNG trade jumps 5% to set new record for third consecutive year, as LNG comes to the fore as a fuel of choice. The International Gas Union (IGU) released its 2017 World LNG Report, examining the current state of the Global LNG Industry. The latest report highlights the dynamic 2016 experienced by the […]
BP begins producing 600 mmcf/d of natural gas from North Alexandria
BP began producing 600 mmcf/d of natural gas from the Taurus and Libra fields in its North Alexandria concession last week, up from 200 mmcf/d at the end of last month, unnamed sources tell Al Borsa. (Source: Enterprise.press)
Edison starts production from new platform in Abu Qir concession, output up 20%
Edison announced beginning production from the new platform North Abu Qir PIII (NA/Q-PIII) at the Abu Qir concession. The first production well, NAQPIII#1, came onstream last week and increased the overall natural gas output by circa 20%. Two additional wells are expected to be completed by July 2017, Edison says. (Source: Enterprise.press)
Energy regulators examine Egypt’s role in Mediterranean gas industry
Zohr gas field discovery renews interest in the region. With the recent establishment of the Egyptian Gas Regulator, Mediterranean Energy Regulators (MEDREG) met in Cairo recently where they discussed the independence of regulators, their financial autonomy and gas market models, MEDREG said in a press release. MEDREG is the Association of Mediterranean Energy Regulators, which […]
Egypt, Jordan sign energy & gas protocol
On the Sidelines of the 3rd Jordan International Energy Summit, Tarek El Molla, Minister of Petroleum and Mineral Resources, signed yesterday a protocol in the field of energy and gas with the Jordan’s Minister of Energy and Mineral Resources, Ibrahim Sief, in the presence of the Jordanian Prime Minister, Hani Al Mulki, and the Jordianian-Egyptian […]
Video: A record breaking-field – Nooros (Eni)
Eni has enjoyed another great success in its exploration in Egypt. Nooros has reached a gas production rate of 20 million m³ per day in just 13 months, an extraordinary record achieved earlier than expected thanks to the skill of the team involved. Yet another triumph for Eni. Find out more about Nooros: https://www.eni.com/en_IT/operations/stories-people/production-gas-nooros-egypt.page (Source: […]