Saipem awarded contracts offshore Egypt, Guyana worth $1.2 billion
Saipem has been awarded new contracts in Guyana and Egypt for a total amount of approximately 1.2 billion USD. The first contract has been awarded by ExxonMobil Guyana, subject to government approvals, for the UARU oil field development project, located in the Stabroek block offshore Guyana at a water depth of around 2,000 meters. The contract […]
Ukraine war could accelerate plans to link Egypt’s electricity grid to Greece
Plans to link our electricity grid with Greece could move faster after the shunning of Russian fossil fuels: The Greek developer of a proposed direct link between the electricity grids of Egypt and Greece expects the EU to accelerate the project as the bloc looks to transition away from Russian fossil fuels, Bloomberg reports. Renewable energy player Elica — a […]
Egypt, Greece TSO chiefs meet to discuss EuroAfrica Interconnector
Chiefs of the Greek and Egyptian transmission system operators (TSOs) have come together to discuss the EuroAfrica Interconnector that will connect the two countries. Manos Manousakis, chairman and CEO of Greece’s Independent Power Transmission Operator (IPTO), and Sabah Mashaly, chairman of the Egyptian Electricity Transmission Company (EETC), held a working meeting at IPTO headquarters on […]
Snam joining Eni in Mediterranean gas trunkline system
Eni has agreed to sell Snam a 49.9% stake in companies operating two pipeline systems taking gas from Algeria to Italy. These comprise the offshore gas pipelines from the Tunisian coast to Italy and the onshore gas pipelines from the Algeria and Tunisia borders to the Tunisia coast. Under the agreement, Eni will transfer its […]
Shearwater introduces Harmony, a new seismic source technology for enhanced subsurface characterisation
Shearwater GeoServices Holding (Shearwater) is proud to present a new and exciting seismic source technology for marine surveys. The technology, known as Harmony, provides seismic surveys with enhanced low frequencies enabling better decisions for exploration, development, and carbon storage monitoring applications. The novel technology has multiple applications. It provides deeper seismic imaging, more realistic models […]
Egypt, Cyprus sign MoU to connect electricity grids via subsea cable
Egypt and Cyprus signed yesterday an MoU that would see them connect their electricity grids, Reuters reports. “Fortifying our electricity grids and allowing the further integration of renewables in our respective energy mix, enhancing the security of our energy supply and enabling us to become exporters of energy, are but a few of the tangible benefits,” Cyprus […]
Egypt, Greece sign deal for first subsea power link between Europe and Africa
Greece and Egypt on Thursday clinched an agreement that sets the stage for an undersea cable that will transmit power produced by renewables from North Africa to Europe, the first such infrastructure in the Mediterranean. Greek Energy Minister Kostas Skrekas and his Egyptian counterpart, Mohamed Shaker, signed a memorandum of understanding for the project at […]
Egypt, Greece discuss EuroAfrica electricity grids interconnector
Greece and Egypt to connect electricity grids: The plans for a Greek-Egyptian electricity interconnection were discussed during meetings held by Environment and Energy Minister Kostas Skrekas in Cairo with his Egyptian counterparts. Specifically, Skrekas met with Egyptian Minister of Environment, Yasmine Fouad, the Minister of Electricity and RES, Mohamed Shaker, and the Minister of Petroleum […]
New major offshore East Med project awarded to Corinth Pipeworks
Cenergy Holdings SA has announced that Corinth Pipeworks S.A., its steel pipe segment, signed an agreement to manufacture and supply steel pipes to Israel Natural Gas Lines (INGL), leader in natural gas distribution in Israel, for the offshore section of a new high-pressure gas pipeline between the cities of Ashdod and Ashkelon. Chevron, having recently […]
Chevron invests $235 million in Leviathan/Tamar to Egypt gas pipeline
Chevron Corp. and other companies helping to develop Israel’s natural gas fields will invest around $235 million in pipelines to export the fuel to Egypt. The partners in the Leviathan and Tamar fields, which sit off Israel’s Mediterranean coast, signed an agreement under which Israel Natural Gas Lines Ltd. will lay a new subsea pipeline […]
