Saipem awarded $900 million offshore EPCI contract for Zohr Ramp Up Phase
Saipem awarded offshore contract variations worth 900 million USD for the Optimised Ramp Up phase of the Zohr Field Development Project. Saipem and Petrobel have finalized offshore contract variations worth 900 million USD for Engineering, Procurement, Construction and Installation (EPCI) activities in relation to the “Optimised Ramp Up” phase of the “supergiant” Zohr Field Development […]
Egypt's booming gas sector means return to self-sufficiency and chance to overcome economic, social problems
Egypt: gas to the rescue A booming natural gas sector means a return to self-sufficiency and a chance to overcome some of Egypt’s economic and social problems. The crews of liquefied natural gas carriers which deliver weekly cargoes to Egypt will soon be taking their last look at Ain Sokhna port on the Red Sea. […]
Egypt’s natural gas output expected to rise 50% in 2018 and double by 2020
Three recently discovered major gas fields are expected to raise Egypt’s natural gas output by 50% in 2018 and 100% in 2020, the petroleum ministry said. “The fields of Zohr, North Alexandria and Nooros are among the most important projects that will increase natural gas production … and will contribute to (Egypt’s) natural gas self-sufficiency […]
Egypt to stop using one of FSRUs at Ain Sokhna by early next year
In a sign that we may be heading towards becoming an energy hub by 2018, the Oil Ministry is letting go of one of the two FSRUs at Ain Sokhna next year, just as production from the Eni’s Zohr field comes online later this year, Oil Minister Tarek El Molla tells Al Borsa. He tells […]
El Molla urges modernization of oil sector by 2018
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, has stressed the need to carry out the modernization plan for the oil sector by the end of 2018 instead of 2021. During a meeting in the Egyptian General Petroleum Corporation (EGPC), Tarek El Molla explained that the project’s vision is to make the […]
Eni, Transport Ministry begin work on Zohr logistics station at Damietta Port
The Transport Ministry and Eni began working on establishing a logistics center and storage areas at the Damietta Port, port chairman Ayman Saleh says, according to Al Masry Al Youm.The new facilities will serve the ground pipeline set to connect the Zohr gas fields to the port’s processing plant, from which gas will be exported. […]
Rosneft will export gas from Egypt's Zohr project to Middle East and Europe — source
Rosneft is buying a 30% stake in the project to develop the Shorouk block in Egypt’s offshore zone. Russian top oil producer Rosneft, which is buying a 30% stake in the project to develop the Shorouk block in Egypt’s offshore zone, where the Zohr gas field was discovered, will export gas from it to the […]
Rosneft aims to export Egyptian Zohr natural gas
An industry report finds the Egyptian gas market will be flooded in part before input from regional discoveries. Russian energy company Rosneft is expected to start exporting natural gas from an Egyptian field considered to be among the world’s largest. Eni made its initial gas discovery in the Zohr field in Egypt two years ago […]
El Molla: Five IOC's are carrying out $750 million Seismic Survey of Red Sea
Egypt’s Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Ganoub El Wadi Petroleum Holding Company (GANOPE) had agreed with five International Oil Companies (IOC’s) six months ago to conduct a $750m seismic survey in the Red Sea to prepare reports on the reserves of oil and gas in the territorial waters after […]
EGL & KADMAR make its mark on Zohr, the biggest Mediterranean gas discovery
Egyptian Global Logistics EGL subsidiary of KADMAR Group succeeded in handling the kick off for Egypt Mega Gas Project using the fleet of extendable trailers handling joint of 28 meters length & weighting 40 tons for Saipem project Zohr; the biggest gas discovery in Egyptian waters in the Mediterranean. EGL completed the port handling from […]