Post Tagged with: "egypt"

Source: Reuters

Factbox: Egypt’s push to be east Mediterranean gas hub

Reuters


Egypt began importing gas from Israel’s largest offshore gas field, Leviathan, on Wednesday, a step Cairo hopes will help it become a regional energy hub.

Rapid growth in Egypt’s natural gas supplies, boosted by the discovery of the Mediterranean’s …

Flags of Inconvenience: Noose Tightens Around Iranian Shipping

Flags of Inconvenience: Noose Tightens Around Iranian Shipping

From Reuters


Somewhere on its journey from the waters off Iran, around Africa’s southern tip and into the Mediterranean, the Grace 1 oil tanker lost the flag under which it sailed and ceased to be registered to Panama. Iran later …

Pipeline Snag to Delay Israel Gas to Egypt for 3 Months

Pipeline Snag to Delay Israel Gas to Egypt for 3 Months

From Bloomberg

Egypt will begin receiving gas from Israel under a $15 billion deal around the middle of the year, after unexpected issues with the pipeline connecting the countries delayed the start-up by several months, people familiar with the situation …

March 18, 2019 - 12:49 pm Closing Bell Story‎, Energy News, Natural Gas News
BP Shah Deniz Stage 2 2018

BP has invested more money in Egypt than anywhere else in the last two years, CEO says

From CNBC

BP has invested more money in Egypt in the last two years than anywhere else, the oil giant’s Chief Executive Bob Dudley told CNBC.

“Today (the scale of our operations) is very big,” Dudley told CNBC Monday. “We …

February 12, 2019 - 4:03 pm Closing Bell Story‎, Energy News, International
DCIM100MEDIADJI_0108.JPG

Talks Underway to Build New Gas Pipeline to Egypt, Israel Says

From Bloomberg

Talks are in progress to build a new underwater gas pipeline between Israel and Egypt, part of efforts to transform the eastern Mediterranean into an energy export hub on Europe’s doorstep, Israeli Energy Minister Yuval Steinitz said. Israeli …

January 17, 2019 - 6:49 am Closing Bell Story‎, Energy News, Natural Gas News
Noble Energy says Leviathan, Tamar Pipeline on Track for 2019

Noble Energy says Leviathan, Tamar Pipeline on Track for 2019

Leviathan anticipated production is at least 350 MMcf/day (gross)
Noble Energy (ticker: NBL) gave more updates today regarding its agreements with the Eastern Mediterranean Gas Company S.A.E, the owners of the EMG Pipeline, a 90-kilometer pipeline located mainly offshore of

Governments Commit to Subsea Pipeline that will Connect Cyprus’s Offshore Gas to Egypt’s LNG Export Facilities

Governments Commit to Subsea Pipeline that will Connect Cyprus’s Offshore Gas to Egypt’s LNG Export Facilities

From Hellenic Shipping News/Platts

Egypt and Cyprus have agreed to build a subsea pipeline to link the significant gas resources located in Cypriot waters with Egypt’s two — mostly idled — LNG export facilities.

Egypt’s energy minister Tarek el-Molla and …

September 21, 2018 - 2:28 pm Closing Bell Story‎, International, Midstream
Egypt Brings Three Mega-Sized Natural Gas Plants Online

Egypt Brings Three Mega-Sized Natural Gas Plants Online

Country invested in three 4,800-MW NatGas plants as part of its 50%, $9-billion power generation expansion

From Power Magazine

New natural gas-fired power plants and wind farms are part of Egypt’s strategy to increase the country’s power generation by at …

September 19, 2018 - 2:49 pm Closing Bell Story‎, Energy News, Power Generation
Africa’s Largest non-OPEC Producer is on a Roll

Africa’s Largest non-OPEC Producer is on a Roll

Egypt is the largest non-OPEC oil producer in Africa and the third-largest dry natural gas producer on the continent, according to the EIA’s newest report on Egypt. In recent years, the country has seen political instability accompanied by growing power …

Egypt Buys $14 Billion of NatGas from Noble Energy, Delek

Egypt Buys $14 Billion of NatGas from Noble Energy, Delek

Noble Energy, Inc. (ticker: NBL) has signed agreements to sell significant quantities of natural gas from the Leviathan and Tamar fields to Dolphinus Holdings Limited to supply gas in Egypt.

These agreements, one for natural gas from Leviathan and one …

Major BP Projects for 2018

Major BP Projects for 2018

Production from the full five-field West Nile Delta development, the Giza-Fayoum-Raven project, is expected to represent about 30% of Egypt’s current production

BP p.l.c. (ticker: BP) will bring five major upstream projects online in 2018. The projects span the globe, …

Exxon to Continue Spree: Eyes Egypt Offshore Fields – Reuters

Exxon to Continue Spree: Eyes Egypt Offshore Fields – Reuters

From Reuters

LONDON/VIENNA (Reuters) – Exxon Mobil (XOM.N) is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry sources said.

Officials from the …

December 4, 2017 - 7:59 am Closing Bell Story‎, Energy News
BP’s First 9 Offshore Wells in West Nile Delta Project are Producing, Gas Going to Egypt: BP

BP’s First 9 Offshore Wells in West Nile Delta Project are Producing, Gas Going to Egypt: BP

BP said it started gas production from the first two fields, Taurus and Libra, of the West Nile Delta development in Egypt, eight months ahead of schedule.

 

First gas was exported to Egypt’s national grid on March 24, 2017 …

Creole Spirt, Teekay Tanker Suezmax Tanker, Source: Teekay

Egypt Forced to go to the Oil Spot Market as Arab World Tensions Increase

Saudi Aramco indefinitely halts shipments of oil products to Egypt

Saudi Arabia’s state-owned oil giant Saudi Aramco has stopped the flow of oil products to Egypt as tensions between the two and the wider Arab world continue to worsen.

Egyptian …

Egypt Hopes to Start Production from Zohr Gas Field a Year Ahead of Original Plans

Egypt Hopes to Start Production from Zohr Gas Field a Year Ahead of Original Plans

Italy’s Eni expects to invest $6-$10 billion in Zohr

Egypt’s Oil Minister Tarek El Molla said this week that the country hopes to have production from the newly discovered Zohr gas field starting in 2017, a year ahead of its …

Dana Gas Iraq Operations

EGPC Expects Crude Production from Southern Iraq by 2016

Egypt’s EGPC has a 10% stake in a southern Iraq field that is expected to produce 80 MBOPD

The Egyptian General Petroleum Corporation (EGPC) plans to start crude oil production in South Iraq’s Block 9 by the beginning of 2016, …

March 20, 2015 - 5:45 pm International, Oil and Gas 360 Articles
Egypt Signs Five-Year LNG Deal with Russia

Egypt Signs Five-Year LNG Deal with Russia

Russia will supply 35 LNG shipments to Egypt starting later this year

The Egyptian Natural Gas Holding Company (EGAS) has signed a five-year contract with Russia’s state-owned Gazprom (ticker: OGZPY) for the supply of liquefied natural gas (LNG). The contract …

March 19, 2015 - 3:13 pm International, LNG, Oil and Gas 360 Articles
BP Finalizes $12 Billion Offshore Investment in Egypt

BP Finalizes $12 Billion Offshore Investment in Egypt

BP signed the final agreements for its West Nile Delta project last week

BP plc (ticker: BP) last week announced that the company signed its final agreements on the West Nile Delta (WND) project. The WND has the potential for …

Egypt Turns to Hydraulic Fracturing

Egypt Turns to Hydraulic Fracturing

On Wednesday, December 17, Egypt’s Ministry of Petroleum announced that Egypt’s state oil company (EGPC), Houston based Apache Corp. (ticker: APA) and Shell Egypt (ticker: RDSA) have entered into an agreement for the production of unconventional gas using hydraulic fracturing …

December 19, 2014 - 2:45 pm Fracing, International, Oil and Gas 360 Articles
BP to Invest in Egypt

BP to Invest in Egypt

BP (ticker: BP) has released a statement saying that the company plans to expand its operations in Egypt with a $240 million investment in the country.

Last year, the Egyptian Natural Gas Holding Company (EGAS) auctioned off several blocks in …

December 9, 2014 - 6:48 pm International, Oil and Gas 360 Articles

Egypt Increases Attention on Oil & Gas Sector by Auctioning 22 Concessions

On December 30, 2013, Egypt’s state-owned petroleum corporation and natural gas holding company announced an internal auction for 22 concessions intended for oil and gas exploration. The concessions, located in the Suez Canal, Mediterranean Sea, Nile Delta and western desert, …

December 30, 2013 - 5:29 pm Midstream, Oil and Gas 360 Articles, OPEC
Apache Corporation Sells Portion of Egypt Assets for $3.1 Billion to Sinopec

Apache Corporation Sells Portion of Egypt Assets for $3.1 Billion to Sinopec

Apache Corporation (ticker: APA) is an oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom, Australia and Argentina. It is one of the world’s top independent E&P companies and recently celebrated …

September 4, 2013 - 5:39 pm International, Oil and Gas 360 Articles, OPEC