Latest in Tag: Gas Highlight
Latest in Tag: Gas

Egypt’s oil and gas sector on a roll after years of turmoil: report
The hefty international contracts should pave the way to explorations in the oil-rich Western Desert

Petroleum Ministry to re-draft contracting forms by end of 2018
The petroleum committee met foreign partners to discuss their suggestions for amendments

New gas projects to double Egypt’s production in 2020: Petroleum Minister
New refining projects over the coming 4 years will bridge the gap of oil, investments amount to $8.3bn

Naftogaz reportedly failed to sell its Egyptian assets
The Ukrainian company couldn’t find an investment bank to advise on finding potential buyers

Zohr field investments amount to $16bn
Minister of Petroleum and Mineral Resources Tarek El Molla said that the development of the Zohr field in the Shorouk concession area in the Mediterranean is proceeding well according to the plan. The project’s plan aims to produce about one billion cubic feet of gas per day in the first stage by the end of …

Can Egypt become a net gas exporter again?
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

TAQA to supply 1,300 cubic metres of gas to EBSC
Company is negotiating with Electricity Ministry to provide 9MW to the plant

BP announces third gas find in North Damietta concession area
The new field has a gas carrier layer of 37 meters in thickness

Eni starts extraction of 200m cubic feet of gas per day from Zohr in October
Company to rent a temporary gas processing plant until the completion of the permanent unit, says source

Egypt becoming an energy superpower, UK being its top oil and gas partner
Egypt has successfully restored foreign investors’ confidence in the economy, says UAE’s minister of state and CEO of ADNOC

France’s ambassador to Egypt calls for French oil and gas companies to take advantage of Egypt’s investment opportunities
It’s a historic time for Egypt, as new natural gas explorations will bring self sufficiency to the country, Marc Benayoun, CEO Edison

Egypt to export gas in H2 of 2019: EGAS chairperson
100 million cubic feet of gas allocated to run Siemens power plants

Prime Minister calls on Petroleum Ministry to swiftly complete oil, gas development projects
Gas self-sufficiency to be achieved by end of 2019, says prime minister

Petroleum Ministry asks for $270m per month for gas imports
Cancelation of third gasification vessel tender saved $120m per month, says source

The global energy sector: what to expect in 2017?
Five main trends will be leading changes in the energy industry, requiring leaders to revisit their strategies in 2017, says Booz Allen Hamilton

Petroleum Minister signs 3 agreements for gas, petroleum exploration in the Mediterranean
The agreements will inject investments worth $220m into oil and natural gas exploration in the Mediterranean

Petroleum Ministry’s dues to Shell increase to $1.35bn from Borollos, Rashid gas returns
The Ministry of Petroleum did not fulfill its promise to repay part of its dues to Shell during 2016, says source

Shell offers Rosetta concession for sale
The government owes Shell $1.3bn for their share of the gas field, says source

Eni digs another well at Zohr field to link to production in 2nd phase
The company plans to sell 10% of its remaining stake in Shorouk concession, says source

Rent of 3rd gasification ship postponed as unneeded for 2017: Petroleum Minister
New gas projects increase production and meet demand, says El Molla

Government backtracks on gas price reduction for steel factories
$1.8bn will be spent on importing billet rather than producing it locally, says El-Daw

Apache to invest $960m in western desert concessions during current fiscal year
Ongoing discussion in regards to increasing FY 2017/2018 investments with Apache’s officials, says Abdel Azim

Shell suspends El-Borollos production next month to link pipeline to treatment station
South Alexandria Project to be linked to El-Borollos gas treatment station

50% increase in gas prices sold to factories due to Egyptian pound’s flotation
Factories’ agreements for gas were signed according to the official market rate at the time

Petroleum Ministry’s dues to Shell increase to $1.3bn from Borollos, Rashid gas returns
Shell postponed the implementation of the 9B stage until the ministry commits to repaying outstanding debts, says source

Shell aims to export gas through EDCO every 20 days
200m cubic feet per day from Borollos fields allocated for export, says source

BP acquires Shell’s Rosetta gas plant for $128m
Giza and Fayoum fields in northern Alexandria will produce 420m cubic feet per day in 2019, says source

Taqa Arabia, Dolphinus call for licence to import gas from EGAS to private sector
Preliminary approval to be granted to companies that request licences to sell gas in local market, says source

Eni, BP complete drilling of second well in South Baltim
Project’s production platform under preparation to link 350m cubic feet of gas daily, says source

Shell discovers new gas field with reserves of 500bn cubic feet in the western desert
Royal Dutch Shell has discovered a new gas field (PTI – 2) in the Alam El-Shawish concession area in the western desert. The new natural gas field has reserves of about 500bn cubic feet of natural gas. Aidan Murphy, Shell Egypt country chairperson, said that his company has gained rights to explore this area for …