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Egypt News

Year in review: Top 10 2017 capex projects

Dec 19, 2017

Audrey Leon takes a look through some of the industry鈥檚 biggest ongoing projects by capex in 2017. Five of the 10 biggest projects by capex were offshore projects in 2017, led by Inpex鈥檚 Ichthys LNG project offshore Australia.  Ichthys鈥

Eni targets Cyprus drilling by year end

Nov 27, 2017

Eni and partner Total are targeting drilling on Block 6 offshore Cyprus by the end of this year, the Italian major has said. It will be just nine months after the signature of the Block 6 exploration and production sharing contract (EPSC)鈥

Rosneft closes Shorouk stake deal

Oct 10, 2017

Russia鈥檚 Rosneft has closed the US$1.13 billion deal to acquire stake in the Shorouk concession, containing the giant Zohr field offshore Egypt from Italy鈥檚 Eni. Map of Zohr, from Eni. Rosneft鈥

BHGE nets major Zohr contract

Sep 11, 2017

Baker Hughes, a GE company (BHGE) has won a major subsea contract from Petrobel for phase two of the supergiant Zohr gas field in the Mediterranean Sea, offshore Egypt. BHGE will provide project management, engineering procurement, fabrication鈥

AGR bags Dana deal off Egypt

Jul 21, 2017

Global energy services and technology company AGR, has signed a SaaS (software as a service) contract with Dana Gas PJSC to supply the latest version of its P1 software for deepwater exploration efforts offshore Egypt. Petter Mathisen鈥

BP closing in on Juniper, Zohr

Aug 01, 2017

BP is on track to start up its Juniper project off Trinidad in the coming weeks, and bring Eni鈥檚 Zohr online offshore Egypt by the end of 2017. The supermajor was hopeful in its Q2 2017 earnings call, announcing the possibly of having final鈥

ADES jackups win offshore Egypt work

Jul 03, 2017

ADES International Holding Ltd. has been awarded a contract by Belayim Petroleum Co., a joint venture between ENI IEOC and Egyptian General Petroleum Corporation, for a three-month drilling campaign offshore Egypt. The drilling campaign will be led by ADES鈥 offshore jackup drilling rig鈥

Saipem nets Zohr order

Jul 27, 2017

Saipem and Petrobel have finalized offshore contract variations worth US$900 million for engineering, procurement, construction and installation (EPCI) activities in relation to the 鈥淥ptimised Ramp Up鈥 phase of the 鈥渟upergiant鈥 Zohr field development project offshore Egypt鈥

Investment and new chairman, directors at Aquaterra

Jul 24, 2017

云顶赌场老虎机 engineering firm Aquaterra Energy has secured a multi-million pound investment from EV Private Equity as the company gears up for service expansion and new technology launches. The deal is the first to be agreed following EV鈥檚鈥

Hot air - MENA in the spotlight

Jun 27, 2017

High hopes are pinned on gas as a transition fuel and there being markets to sell it to in the gas-rich Mediterranean. Elaine Maslin reports. Maersk Discoverer drilling in Egypt's Eastern Med Sea for BP鈥

Aquaterra installs Sea Swift off Egypt

Jun 05, 2017

Aquaterra Energy has designed, fabricated and installed a new Sea Swift platform for PICO Petroleum Integrated Services, the lead contractor for Amal Petroleum Co.鈥檚 (AMAPETCO) Amal field in the Gulf of Suez, offshore Egypt. Image of the Sea Swift鈥

Ready for prime time

Jun 01, 2017

With some of the biggest recent gas discoveries on its doorstep, the Southern and Eastern Mediterranean could be prime to grow into a gas export hub 鈥 if the countries in the region can cooperate. EIC鈥檚 Andrew Scutter sets the scene. Installation鈥

BP online at West Nile Delta

May 10, 2017

BP has achieved first gas from two fields - Taurus and Libra - in the West Nile Delta (WND), offshore Egypt, eight months ahead of schedule. Image of West Nile Delta, from BP. 鈥淭he鈥

BP in third Egyptian gas find

Mar 27, 2017

BP has scored again with a third gas find at the North Damietta 云顶赌场老虎机 Concession in the East Nile Delta, Egypt, the supermajor said today (27 March). According to BP, 37m of net gas pay was found at the Qattameya Shallow-1 exploration well in high quality Pliocene sandstones鈥

BP completes Zohr stake acquisition

Feb 14, 2017

BP has completed the US$375 million deal to buy a 10% interest in the Shorouk concession offshore Egypt, containing the super-giant Zohr gas field. Eni CEO Claudio Descalzi, Bob Dudley, CEO of BP, and the Egyptian Minister of Petroleum鈥

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