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Tag: Zohr
UTEC AUV

Saipem awards UTEC AUV Services contract for Zohr Project

Posted: June 8, 2017 at 8:22 pm   /   Oil & Gas

UTEC has been awarded a contract with Saipem to support its operations as part of the Zohr field development project. The survey company in subsea services group Acteon will bring its experience in autonomous underwater vehicles (AUVs) to the project, which is expected to be one of the biggest gas field discoveries in the Mediterranean […]

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DNE Natural Gas

Egypt's energy future between reality and fantasies

Posted: June 8, 2017 at 8:11 pm   /   Oil & Gas

Egypt is the second largest producer of natural gas in Africa after Algeria, yet Egypt’s power generation infrastructure is dependent on natural gas. More than 75% of the electricity generated in Egypt comes from natural gas plants. Egypt currently produces about 3.9bn cubic feet of gas per day and imports another 1-1.1bn cubic feet per […]

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Petrojet Zohr

Petrojet completes Zohr offshore platform ahead of schedule

Posted: June 4, 2017 at 5:20 pm   /   Oil & Gas

Petrojet company managed to complete manufacturing the offshore platform of Zohr gas field four months before the due date, Petrojet said in a Saturday statement. Chairman and Managing Director of Petrojet Salah Ismail inaugurated the platform, which weighs about 6,000 tons and was manufactured at Petrojet’s marine manufacturing yard in Alexandria. Zohr gas field is […]

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Eni completes drilling of eighth and final well in first phase of Zohr

Posted: May 28, 2017 at 4:42 pm   /   Oil & Gas

Italy’s Eni has completed drilling work on all eight wells of phase one of the Zohr gas field, an Oil Ministry official tells Al Shorouk. The company is currently focusing on setting up the pipeline that will transport the gas to the refineries, the official added. (Source: Enterprise.press)

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Hesham Mekawi

Interview with Hesham Mekawi – Regional President, North Africa, BP, Egypt

Posted: May 24, 2017 at 11:11 pm   /   Oil & Gas

Hesham Mekawi, Regional President, North Africa for BP, discusses the company’s extraordinary investment in Egypt, with one in three upstream dollars globally spent on Egypt, making the Country currently the highest receiver of investment within the group. He also highlights the track record of successful partnership BP has had with Egypt and the total alignment […]

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Rosneft & Eni sign cooperation agreement, look in oil product supplies to Egypt

Posted: May 18, 2017 at 1:32 pm   /   Oil & Gas

Russia’s largest oil producer Rosneft and Italian energy company Eni have signed an agreement to broaden cooperation, including in possible joint oil product supplies to Egypt, Rosneft said on Wednesday. The deal was signed as part of Italian Prime Minister Paolo Gentiloni’s visit to Russia, during which he met with Russian President Vladimir Putin. Rosneft […]

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EGAS receives EGP 1.8 bn loan from eight-bank consortium to fund Zohr, North Damietta

Posted: May 15, 2017 at 3:26 pm   /   Oil & Gas

A consortium of eight banks agreed to extend the Egyptian Natural Gas Holding Company (EGAS) an EGP 1.8 billion facility to finance its plans to increase natural gas production, Ahram Gate reports. The five-year loan is arranged by Banque du Caire; EGP 220 million from was contributed by Emirates NBD, according to Al Mal. The […]

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BNP Paribas

Can Egypt become a net gas exporter again?

Posted: May 5, 2017 at 3:53 pm   /   Oil & Gas

With total proven reserves of 65 trillion cubic feet at the end of 2015, Egypt is the 16th largest gas reserve-holder globally, says BNP Paribas. Egypt has laid out its vision to become a regional energy hub following discoveries of large offshore gas reserves in the Eastern Mediterranean. This vision is critical as the energy […]

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El Molla

El Molla: Natural gas surplus by 2020

Posted: May 3, 2017 at 1:10 pm   /   Oil & Gas

Petroleum Sector will sign five new deals with investments of $154m. The petroleum sector has achieved numerous developments during the current period in natural gas production. Egypt’s total production of gas reached 5 billion cubic feet per day, following a number of new discoveries. Minister of Petroleum and Mineral Wealth Tarek El Molla explains the […]

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President Sisi underlines importance of developing Egypt's petroleum sector

Posted: April 23, 2017 at 12:21 pm   /   Oil & Gas

President Abdel Fattah El Sisi highlighted on Thursday 20/04/2017 the importance of developing the petroleum and mineral wealth sector in Egypt, as a cornerstone of national economy. During a meeting with Prime Minister Sherif Ismail and Petroleum Minister Tarek el-Molla, the president urged attracting more foreign investments in this field. He also highlighted the necessity […]

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