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Tag: Red Sea
siemens_gamesa

Siemens Gamesa acquires 97% of wind energy market share in Egypt

Posted: December 8, 2018 at 2:02 pm   /   Renewables

Siemens Gamesa Renewable: The largest wind energy company in Egypt. The company acquires 97% of the market share of wind energy in Egypt and 53% in Africa. Gabel El Zayt and Zaafarana are the largest projects in the Egyptian market and the company contributes 986 MW of wind energy in Egypt to date. Siemens is […]

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El Molla

US firms interested in Egypt’s offshore oil & gas exploration tenders

Posted: November 25, 2018 at 7:11 pm   /   Oil & Gas

Egypt sees increasing interest from U.S. energy companies in developing its offshore oil and natural gas resources and expects them to participate in two bidding rounds due before year-end, Petroleum Minister Tarek El Molla said. Egypt has emerged as an attractive destination for foreign energy firms following a string of major discoveries in recent years […]

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SBGS-Manta-ROV

Seabed, ARGAS to acquire Red Sea 3D data for Saudi Aramco

Posted: November 8, 2018 at 1:59 pm   /   Oil & Gas

Seabed Geosolutions and ARGAS will conduct a 3D ocean bottom node survey in the Red Sea. This will involve acquiring and processing 3D data over a large area in various water depths, using Seabed’s 4C Manta ocean bottom nodes and ROV deployment system in deep waters and node-on-a-wire system in shallower areas. The program should […]

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Egypt USA

El Molla: New form of exploration agreement for Red Sea Bid Round

Posted: October 28, 2018 at 3:18 pm   /   Oil & Gas

The Ministry of Petroleum has finalised the form of the new petroleum agreements, to be included in the first tender for natural gas exploration in the Red Sea. The tender is scheduled to be launched at the end of 2018. The new agreement form includes incentive clauses for the foreign investor, most notably the increase […]

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tgs-schlumberger Red Sea

Egypt to offer Red Sea exploration bid round by end of 2018

Posted: October 25, 2018 at 11:31 am   /   Oil & Gas

Egypt’s Minister of Petroleum Tarek El-Molla has announced that Egypt will offer the first bid on oil and gas exploration in the Red Sea before the end of 2018 after processing seismic reflection data. During a meeting of the Egyptian-Canadian Business Council, El-Molla affirmed that all the gas and petroleum needs of the electricity sector, […]

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WesternGeco Seismic

First phase of Red Sea seismic mapping completed – El Molla

Posted: October 21, 2018 at 3:16 pm   /   Oil & Gas

Phase one of seismic mapping of Red Sea completed: The first phase of the seismic mapping of energy and mineral resources in the Red Sea — a precursor step to tendering exploration concessions there — has been completed, Oil Minister Tarek El Molla said on Thursday, according to Al Shorouk. Tendering concessions there to the […]

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MP Schlumberger

Oil Ministry, Schlumberger to host convention on Red Sea exploration

Posted: September 3, 2018 at 10:16 am   /   Oil & Gas

Oil Ministry, Schlumerger to host international convention in November on energy exploration in the Red Sea. The Oil Ministry and Schlumberger Ltd. will organize a conference in Hurghada this November to promote and market available concessions and oil and gas exploration areas in the Red Sea area, according to a ministry statement. The news came […]

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Red Sea

Aramco highlights benefits of Red Sea seismic surveys

Posted: August 23, 2018 at 4:43 pm   /   Oil & Gas

Saudi Aramco has outlined some recent technical achievements in its 2017 annual report. In the Red Sea, using an autonomous system that deployed seismic nodes on the seabed via reinforced armored rope, the company cut the costs of 3D seismic data acquisition over two blocks, measuring respectively 800 sq km (309 sq mi) and 900 […]

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West Med

Egypt planning for new exploration bid rounds in West Mediterranean, Red Sea

Posted: August 1, 2018 at 1:53 pm   /   Oil & Gas

Minister of Petroleum and Mineral Resources Tarek el-Molla announced on Tuesday that the ministry is looking to increase investment opportunities in the field of oil and gas exploration, through offering tenders on new exploratory areas in the Red Sea and West of the Mediterranean. Molla asserted during a work meeting on attracting the investments that […]

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Wind Farm

Sisi inaugurates world’s largest wind farm at Gabal El-Zeit

Posted: July 24, 2018 at 8:10 pm   /   Renewables

Egyptian President Abdel Fattah al-Sisi on Tuesday has inaugurated a number of new electricity mega projects in the country, including the Gabal El-Zeit wind farm that is considered the largest in the world. Launched in 2015 in the Red Sea governorate, the Gabal El-Zeit wind farm has a total of 300 wind turbines with an […]

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