Total Eren, Enara Capital to build green ammonia facility in Egypt’s SCZone
Egypt inked a memorandum of understanding with an alliance that includes Total Eren and Africa-focused SME investor Enara Capital to build a green ammonia plant in the Suez Canal Economic Zone (SCZone), according to a cabinet statement. The facility will initially produce 300k tons of ammonia each year and this will increase to 1.5 mn at […]
EDF Renewables, ZeroWaste sign agreement for $3bn green ammonia production in Egypt
Egypt’s Suez Canal Economic Zone (SCZONE) has signed a memorandum of understanding (MoU) with a consortium of EDF Renewables and ZeroWaste for the production of 350,000 tonnes of green fuel annually in the Ain Sokhna region to supply ships. The project involves USD 3 billion (EUR 2.77bn) of investments and will be implemented in several […]
Egypt to maximise gas production, LNG exports to Europe following Eni deal
Italian oil and gas company Eni and Egypt’s EGAS have agreed for the latter to increase the production and supply of gas to Europe. The Chairman of EGAS, Magdy Galal, and the COO Natural Resources of Eni, Guido Brusco, in Cairo on Wednesday signed a framework agreement that will allow maximising gas production and LNG exports. The […]
Maersk inks new deals in Egypt to speed up green fuel production
Danish shipping giant Maersk and Egyptian authorities have signed a partnership agreement to jointly explore the establishment of large-scale green fuel production in the country in the pursuit of net-zero shipping. Following the recent fuel sourcing deals, Maersk signed a Memorandum of Understanding (MoU) with the authorities’ representative in the presence of the Egyptian Prime Minister […]
EDF Renewables among six consortiums eyeing $1 bn SCZone green ammonia plant
France’s EDF Renewables and Egypt’s ZeroWaste are together one of six international consortiums currently in talks with the Suez Canal Economic Zone (SCZone) to establish a USD 1 bn green ammonia plant that would produce green fuel for ships, SCZone head Yehia Zaki told Enterprise, confirming a report from Al Borsa. Zaki declined to name the other companies […]
Will Italian oil giant Eni help boost Egyptian LNG exports to Europe?
Eni to work with Egypt + others to find alternative gas for Europe: Eni pledged to bring more than 14 trn cubic feet of additional gas to the global market and mitigate Europe’s energy crisis by “leveraging established alliances with producing countries,” including Egypt, the Italian energy giant announced in a press release outlining its 2022-2025 strategy. This […]
SDX Energy commences oil production at MSD-25 well, West Gharib concession
AIM-listed SDX Energy, the MENA-focused energy company, has announced the commencement of oil production at the MSD-25 infill development well on the Meseda field in its West Gharib concession, Egypt (SDX: 50% working interest). MSD-25, which encountered the primary top Asl Formation reservoir at 4,109ft MD (3,361ft TVDSS) and reached 4,385ft TD on 22 February 2022, after drilling through […]
United Oil & Gas provides Abu Sennan ASD-2 well update
United Oil & Gas has announced an update on the drilling of the ASD-2 development well in the Abu Sennan licence, onshore Egypt. United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt. Highlights ASD-2 development well encountered a total of at least 25.5m of net pay across multiple oil-bearing reservoirs ASD-2 […]
Capricorn Energy announces full year results for the year ended 31 December 2021
Simon Thomson, Chief Executive, Capricorn Energy, said: ‘2021 was a transformational year for Capricorn; we continued to successfully reshape our portfolio and achieved a positive resolution of our Indian tax dispute. From the proceeds of asset sales and the Indian tax refund we have committed to nearly US$1 billion of capital returns to shareholders in […]
SDX Energy spuds SD-5X well at South Disouq Concession
SDX Energy, the MENA-focused energy company, has announced the spudding of the SD-5X exploration well, targeting the Warda prospect in the South Disouq development lease. SD-5X spudded on 4 March 2022 and is expected to reach TD in approx. three weeks. The primary target, which has already been encountered in the Ibn Yunus and Sobhi field reservoirs, is the basal Kafr El Sheikh sand at […]
