Shearwater GeoServices commences second phase of Mid North Sea High 3D Survey for ION Geophysical
Shearwater GeoServices Holding AS (“Shearwater”) has commenced the second and significantly larger phase of ION Geophysical’s (ION) 11,000 sqkm UK Mid North Sea High 3D seismic survey program using the Oceanic Vega. The Mid North Sea High’s proximity to shore and existing energy infrastructure supports lower development costs, making it an attractive development region for […]
UK companies explore energy opportunities in the Egyptian market
UK-Scottish companies explore business opportunities in Egypt as the country transitions to net zero. The UK Department for International Trade (DIT), in partnership with the Scottish Development International (SDI) organised the first virtual energy event to explore business opportunities for UK-Scottish companies in Egypt’s transition to net zero, as part of UK’s endeavour to support […]
Egypt’s EFG Hermes sells UK Solar Assets for over $600 million
The deal values Vortex III portfolio at almost $650 million EFG may invest $600 million building a new renewable portfolio Egyptian investment bank EFG-Hermes Holding Co. sold a controlling stake in a U.K. solar-energy portfolio to a Malaysian utility in a deal that values the assets at 500 million pounds ($647 million). EFG-Hermes’s private equity […]
UK to provide $1.6 billion in funding to Carbon Holdings’ Tahrir plant
The UK will be providing Carbon Holdings’ Tahrir Petrochemicals Corporation with “an unprecedented” USD 1.6 billion financing package through UK Export Finance, the country’s export credit agency, UK Minister of Investment Graham Stuart told us in an interview in Cairo yesterday. TPC could help double Egypt’s total exports, catalyze industrial growth: “We are excited about […]
