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Tag: Red Sea

Egypt launches 2023 International Oil & Gas Bid Round for 23 Blocks

Posted: September 25, 2023 at 7:15 pm   /   Oil & Gas

The Ministry of Petroleum and Mineral Resources has officially launched The 2023 Egyptian International Bid Round. The Bid Round is being offered by The Egyptian General Petroleum Corporation (EGPC) and South Valley Egyptian Petroleum Holding Company (GANOPE) ncluding 23 open blocks for Exploration in the Western Desert, Eastern Desert, Gulf of Suez and Red Sea. […]

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DP World

SCZone, DP World Sokhna partner up for new logistics service zone

Posted: August 21, 2022 at 11:38 am   /   Oil & Gas

A new logistics zone in Sokhna: The Suez Canal Economic Zone’s (SCZone) Main Development Company (MDC) and DP World Sokhna have signed an agreement to build a USD 80 mn logistics zone at Sokhna Port, a statement by the SCZone read. The details: Construction on the first phase of the zone will kick off in the coming months, which will cost […]

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taqa somabay

Somabay & TAQA Arabia inaugurate PV Solar plant, Sign Agreement to Build new Water Desalination Plant

Posted: July 5, 2022 at 9:12 am   /   Renewables

Somabay and TAQA Arabia celebrate the inauguration of a 5MW PV solar plant in Somabay owned by TAQA Arabia, the full-service energy and utility provider in Egypt. The PV station was inaugurated by Mr. Osama Saleh, Chairman of the Board of Directors of Abu Soma Tourism Development Company, Mr. Ibrahim El-Missiri, CEO of Abu Soma […]

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RedSea-TGS

TGS Announces a Second 3D Multi-Client Seismic Survey in Egypt’s Red Sea

Posted: April 6, 2022 at 4:59 pm   /   Oil & Gas

TGS, a global provider of energy data and intelligence, today announced a new 3D seismic survey in the Red Sea, Egypt, in partnership with Schlumberger. This survey represents the second phase of new acquisition for the partners in this region and will encompass a minimum of 5,000 square kilometers. Data will be acquired with long […]

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TGS

TGS more than halfway through Egyptian Red Sea 3D survey

Posted: February 28, 2022 at 11:35 am   /   Oil & Gas

Norwegian seismic player TGS, in partnership with Schlumberger, has acquired over 50% of the 3D survey over the northern portion of the Egyptian Red Sea. TGS said that the company and Schlumberger are very pleased with the preliminary results of the survey exploring Red Sea hydrocarbon prospectivity. The final processed dataset from this industry-funded survey […]

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QatarEnergy-Shell-Egypt

Shell Egypt farms out 17% of two Red Sea offshore blocks to QatarEnergy

Posted: December 13, 2021 at 8:31 pm   /   Oil & Gas

QatarEnergy teams up with Shell on two blocks offshore Egypt: Deal marks entry of Qatari giant into Egypt’s lucrative exploration sector. QatarEnergy has signed a deal with Anglo-Dutch supermajor Shell to come on board two exploration blocks offshore Egypt in the Red Sea. Under the terms of the agreements, which are subject to customary approvals […]

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PXGEO

PXGEO awarded Egyptian Red Sea 3D towed streamer project for Q4 2021

Posted: November 17, 2021 at 12:45 pm   /   Oil & Gas

PXGEO has been awarded a project in the Egyptian Red Sea. The project will commence in November 2021 with an approximate duration of four months and will be acquired by seismic vessel PXGEO 2. (Source: PXGEO)

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Red Sea

TGS, Schlumberger announce new Red Sea 3D seismic survey offshore Egypt

Posted: October 29, 2021 at 8:47 pm   /   Oil & Gas

TGS, in partnership with Schlumberger, has disclosed a new 3D seismic survey in the Red Sea, Egypt. The survey, covering approximately 6,800 square kilometres, will be acquired with long offsets and processed using a Pre-Stack Depth Migration (PSDM) workflow to enable subsalt imaging ahead of the anticipated license round. According to TGS, the final products […]

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Taqa Arabia Soma Bay

TAQA Arabia to build 2 Solar Stations with 5 MW total capacity in Somabay, Red Sea

Posted: July 6, 2021 at 9:23 pm   /   Renewables

With total investments amounting to USD 4 Million: TAQA Arabia to build 2 PV Solar Stations with total capacity of 5 MW total capacity in Somabay – Red Sea. El Missiri: “At Somabay, we live by the motto “Outstanding by Nature”, and this entails reducing our carbon footprint. It has been a longtime coming as […]

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Mubadala

Mubadala joining Shell in Egypt’s Red Sea Block 4 exploration

Posted: January 23, 2021 at 8:19 pm   /   Oil & Gas

Egypt’s Minister of Petroleum and Mineral Resources has signed a concession agreement with Mubadala Petroleum for oil and gas exploration activities in Red Sea block 4. The 3,084-sq km (1,191-sq mi) concession, owned by the South Valley Egyptian Petroleum Holding Company (Ganope), was awarded under Egypt’s 2019 Red Sea Licensing Round. Block 4 is in […]

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