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Tag: OTC

Minister of Petroleum speaks before the Bilateral US-Arab Chamber of Commerce

Posted: May 11, 2016 at 8:42 pm   /   Oil & Gas

On the sidelines of the Offshore Technology Conference (OTC), which was held the US city of Houston, Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, participated in the annual meeting of the Egyptian Ministry of Petroleum, which was organized by the Bilateral US-Arab Chamber of Commerce under the slogan of (Increasing the Current […]

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OTC 2016: El-Molla holds intensive talks with International Companies

Posted: May 11, 2016 at 8:35 pm   /   Oil & Gas

On 6th may 2016, Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources, held various meetings with a number of Heads of international companies operating in Egypt. He discussed the development program of North Alexandria fields and Atoll field, with BP’s Chief Executive for research and production, the development program of North Alexandria fields and […]

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OTC 2016: Egypt Rejuvenates Economy, Offers Opportunities for Oil and Gas Investment

Posted: May 7, 2016 at 12:34 pm   /   Oil & Gas

The discovery of the Zohr natural gas field, the largest in the Mediterranean region, has begun to rejuvenate prospects for the Egyptian economy. Located offshore Egypt, the Zohr field holds more than 30 Tcf of gas in place. Onshore site preparation began in March, and first gas to market is expected in December 2017. Tarek […]

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OTC 2016: Onshore and offshore exploration success puts Egypt in spotlight

Posted: May 6, 2016 at 8:07 pm   /   Oil & Gas

Hopes are momentum generated will keep the country on companies’ radars despite today’s market conditions. Egypt’s energy sector has come a long way in five years, resetting itself from unstable to energized with the gigantic Zohr discovery and Apache Corp.’s success in the Ptah and Berenice fields attracting attention to the country’s onshore and offshore […]

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OTC 2016: Shell executive offers insight on forging a world-leading supply chain

Posted: May 6, 2016 at 7:48 pm   /   Oil & Gas

Low oil prices have increased pressure on the oil and gas industry to improve the capital efficiency of major projects, and examine the supply chain that is vital to their successful execution. That was the message offered by Harry Brekelmans, Projects & Technology Director, Royal Dutch Shell plc, in a presentation entitled “Forging a world […]

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OTC 2016: Aker Solutions Wins Engineering Achievement Award

Posted: May 6, 2016 at 1:54 pm   /   Oil & Gas

Aker Solutions this week won an engineering achievement award at the OTC conference in Houston for its El-drive subsea electric actuators which are more compact, effective and environmentally friendly than traditional hydraulic solutions. The newly developed electric actuators are designed to operate valves in subsea production and processing systems. They are friendlier to the environment […]

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OTC 2016: GE Oil & Gas receives Spotlight Award for subsea mux BOP control system

Posted: May 6, 2016 at 1:27 pm   /   Oil & Gas

GE Oil & Gas has received an OTC Spotlight Award for the SeaPrime, a subsea mux BOP control system. It allows drilling contractors to continue drilling if components of one point of distribution (POD) fail. This new design simplifies access to critical components, uses only two pods, and re-routes failed functions within a POD to […]

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OTC 2016: Egypt eyes free-market future as gas demand requires more development

Posted: May 5, 2016 at 12:07 am   /   Oil & Gas

The recent Zohr discovery in Egypt’s Mediterranean basin has given the country an impetus to further its move to an open oil economy, according Minister Tarek Elmolla of Egypt’s Petroleum and Mineral Resources Ministry. Among paying down its debt, reforming its subsidy programs, and adjusting natural gas prices, “attracting foreign investment is one of our […]

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Apache, BP and others expand in emerging Egypt

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

Houston-based Apache Corp. focused on growing in U.S. shale plays and selling most of its international holdings. But now that the oil bust is in full bloom, especially in North America, Apache’s chief executive is glad the company held onto its assets in Egypt. “In a sub-$50 oil world, the international assets really shine through,” […]

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OTC 2016: Lankhorst Ropes receives Spotlight Award for soft rope system

Posted: May 4, 2016 at 1:59 am   /   Oil & Gas

Lankhorst Ropes has received an OTC Spotlight Award for the LankoDeep – soft rope system. The soft rope system is a collaboration between Lankhorst Ropes, Deep Tek, and DSM Dyneema. It is capable of handling heavy loads at water depths of more than 3,000 m (9,842 ft). The system comprises Lankhorst Ropes’ LankoDeep rope, DSM […]

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