ADES secures contract renewal for Admarine 262 jack-up rig in KSA
ADES International, an oil & gas drilling and production services provider in the Middle East and North Africa (MENA), has secured a contract renewal for the Admarine 262 jack-up rig in Saudi Arabia. ADES said in a statement on Tuesday that the Admarine 262 renewal had a five-year tenor, which would be effective upon the […]
ExxonMobil secures over 1.7 mn acres for exploration offshore Egypt
ExxonMobil secures exploration acreage offshore Egypt Acquires more than 1.7 million acres offshore Egypt Adds upstream interests to longstanding downstream business in Egypt Exploration operations scheduled to begin in 2020 “These awards strengthen our exploration portfolio in the Eastern Mediterranean,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “We look […]
Egypt announces Red Sea Offshore Bid Round result, awards 3 blocks
Egypt’s Minister of Petroleum and Mineral Resources Tarek al-Molla announced on Sunday the results of the first international bid round for oil and gas exploration in the Red Sea, put up for bidding by the South Valley Egyptian Holding Company for Petroleum (Ganope) last March. The American Chevron Corporation won block one, while the Dutch […]
Russian Zarubezhneft joins two offshore oil concessions in Egypt
Russian state-owned energy company Zarubezhneft has joined two offshore oil concessions in Egypt under a production-sharing agreement, Reuters’ Arabic service reports, without disclosing the value of the agreement or the other party. The report indicates that one of the blocks is in southeast Ras El Ush and the other is East of Gabal El Zeit […]
Zohr offshore natural gas field continues to rise for Egypt – Energy Voice
Egypt’s Zohr field is producing at around 3 billion cubic feet (85 million cubic metres) per day, the country’s Ministry of Petroleum has said. The production rate was disclosed during a visit to onshore facilities linked to the asset by Egyptian Minister of Petroleum Tarek El Molla, leading a parliamentary delegation. The statement from the […]
Production at Shell’s Burullus, Rashid gas fields rises up to 440 mmcf/d
The production of Dutch Shell’s Burullus and Rashid gas fields in the deep waters of the Mediterranean Sea increased to 440m cubic feet per day (scf/day), compared to 300m scf/day in the first quarter of this fiscal year 2019/20. A source in the Egyptian Natural Gas Holding Company (EGAS) said that linking 80m scf/day from […]
Red Sea Bid Round results to be announced this month – El Molla
The Oil Ministry will announce the winners of the Red Sea exploration and production bid round this month, Minister Tarek El Molla told Youm7. The tender comprises 10 oil and gas exploration blocks, and was launched by the South Valley Egyptian Petroleum Holding Company (Ganope) back in March. (Source: Enterprise.press)
The Challenges Facing Eastern Mediterranean Gas, by Amira El-Mazni
Gas has been discovered in the East Mediterranean for a decade, yet most remain undeveloped. This article reviews these discoveries and share some risks & various technical, commercial & political challenges facing their full development. Ever since the discovery of “Tamar” and “Leviathan” gas reserves within the Israeli EEZ, “Aphrodite” within the Cypriot EEZ, the […]
Energean signs Gas Sales and Purchase Agreement with MRC
GSPA signed with MRC: Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce that Energean Israel and MRC Alon Tavor Ltd. (“MRC”) have signed a Gas Sales and Purchase Agreement (“GSPA”) for the sale of approximately 0.5 Bcm/yr, or up to 8 Bcm over the term […]
PAS adds sixth Leonardo helicopter for offshore operations in Egypt
Petroleum Air Services (PAS) adds sixth Leonardo AW139 helicopter for offshore transport operations in Egypt. Italian helicopter supplier Leonardo has informed that Petroleum Air Services of Egypt will add a sixth AW139 intermediate twin helicopter to its fleet by year-end. The aircraft will be used to perform offshore transport operations in Egypt. Petroleum Air Services […]
