Newsletter subscribe
Tag: Offshore

FT: Eni’s offshore drilling gamble looks set to pay off

Posted: March 1, 2017 at 7:37 pm   /   Oil & Gas

Over a lunch of locally caught Mediterranean seafood, Claudio Descalzi delivers a pep talk to managers around a large dining table in the offices of a petroleum plant near Port Said, Egypt. “We need to do more, more, more every day,” says the chief executive of Eni, the Italian oil and gas group. He is […]

No Comments read more

Shell, Petronas begin working on Burullus gas field phase 9B

Posted: February 21, 2017 at 1:09 pm   /   Oil & Gas

Royal Dutch Shell and Malaysia’s Petronas have begun working on phase 9B of the Burullus gas field, an unnamed EGAS official tells Al Shorouk. The USD 950 mn project involves drilling eight new wells with a daily capacity of 387 mcf. BG, since acquired by Shell, had suspended work on phase 9A+ and 9B of […]

No Comments read more

UK Embassy: Strong British Presence at EGYPS 2017

Posted: February 16, 2017 at 10:17 pm   /   Oil & Gas

As Egypt becomes an energy superpower, a strong British presence at EGYPS confirms UK as Egypt’s Top Oil & Gas partner. On 14-15 February, British Ambassador to Egypt John Casson and UK Trade Envoy Sir Jeffrey Donaldson attended the first ever Egypt Petroleum Show (EGYPS 2017), opened by President Sisi. EGYPS 2017 is the largest […]

No Comments read more

Oil companies bullish on Egypt, eyeing more investment, discoveries

Posted: February 15, 2017 at 8:15 pm   /   Oil & Gas

Major international oil companies say they plan to step up their investments in Egypt, expecting to find more oil and gas now that Eni’s giant Zohr gas discovery has put its Mediterranean waters on the map. Once a net gas exporter, Egypt has turned into a major importer in recent years as growing domestic demand […]

No Comments read more

Eni and BP complete sale of 10% of Shorouk concession offshore Egypt

Posted: February 14, 2017 at 8:25 pm   /   Oil & Gas

Eni’s CEO, Claudio Descalzi, Bob Dudley, CEO of BP, and the Egyptian Minister of Petroleum, Tarek El Molla signed a deed completing the sale to BP of a 10% stake in the Shorouk concession, offshore Egypt. The signing took place in Cairo in the presence of the Prime Minister Sherif Ismail. Eni and BP first […]

No Comments read more

A New Energy Era for Egypt (BP Magazine)

Posted: February 13, 2017 at 1:32 pm   /   Oil & Gas

Egypt has faced challenges to its energy supply in recent years, but is looking ahead to new opportunities to revive domestic production.  BP Magazine visits the country to find out more. Report by: Amanda Breen A new energy era BP has been helping Egypt to meet its energy needs for more than half a century […]

No Comments read more

Post-Zohr reforms to boost appeal

Posted: February 11, 2017 at 3:15 pm   /   Oil & Gas

With first production from Eni’s giant discovery likely to be less than a year away and other finds on the path to development, the country is taking the chance to revamp and streamline the bidding process. Egypt’s upstream sector was given a much-­needed boost when Italian operator Eni discovered the ­giant Zohr field in the […]

No Comments read more

Players’ healthy interest outside Egypt’s Nile Delta

Posted: February 11, 2017 at 2:44 pm   /   Oil & Gas

Future upstream licensing in Egypt’s Nile Delta offshore province may be facing a hiatus, but the most recent round to have been completed by state-owned Egyptian General Petroleum Corporation signalled healthy interest by players in other acreages. Smaller, cash-strapped players were not much in evidence during the 2016 round, covering acreage in the Gulf of […]

No Comments read more

Sandvik secures contracts for strategic projects in Egypt worth $107 million

Posted: February 9, 2017 at 6:32 pm   /   Oil & Gas

Sandvik secures strategic projects in Egypt; establishes regional HQ in Dubai. Sandvik, a developer and producer of advanced stainless steels, special alloys, titanium, and other high-performance materials, has secured a number of strategic projects offshore Egypt to provide a comprehensive scope of Sandvik oil and gas solutions for the ongoing giant gas field developments in […]

No Comments read more

DOF lands two contracts in Egypt

Posted: February 7, 2017 at 2:01 pm   /   Oil & Gas

Norwegian player awarded two contracts with a large international contractor. Oslo-listed marine services player DOF has been awarded two contracts with a large international contractor in Egypt. The work, which is expected to start in February, will involve the Skandi Saigon and Skandi Sotra vessels, DOF said on Monday. Both contracts have a duration of […]

No Comments read more