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Obscure Cypriot Readies $10 Billion Bet on East Med Gas - Oil & Gas 360

Noble Energy says Leviathan, Tamar Pipeline on Track for 2019

September 27, 2018

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 Israel. The agreements will support delivery of natural gas from offshore Israel into Egypt, specifically the offshore Leviathan and Tamar

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

September 21, 2018

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 his Cypriot counterpart Yiorgos Lakkotrypis signed an intergovernmental pact Wednesday, signaling the countries’ desire to cooperate in bringing East Mediterranean gas

Egypt Brings Three Mega-Sized Natural Gas Plants Online

September 19, 2018

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 least 50%. It began delivering on that plan in July as it brought three gas-powered plants online in addition to

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

May 31, 2018

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 demand and a recovering energy industry. Natural gas supply shortages often cause frequent blackouts in Egypt – and 2011’s political

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

February 19, 2018

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 for Tamar, each provide for total contract quantities of 1.15 trillion cubic feet of natural gas. The natural gas is

Major BP Projects for 2018

January 24, 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, with assets coming up in Europe, North Africa and North America. David O’Connor, BP’s head of global projects, gave a

Exxon to Continue Spree: Eyes Egypt Offshore Fields – Reuters

December 4, 2017

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 world’s largest listed oil producer recently held talks with Egypt’s petroleum ministry to discuss investments in oil and gas production, known as

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

May 11, 2017

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 and the commissioning of all nine wells of the development’s first two fields and ramp up to stable operations has

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

November 7, 2016

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 officials confirmed Aramco notified the oil ministry that it would no longer continue shipments of oil products expected under a

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

November 3, 2015

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 original plan. The field, discovered by Italy’s Eni (ticker: E) earlier this year, will be the biggest in the Mediterranean,

Egypt Signs Five-Year LNG Deal with Russia

March 19, 2015

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 stipulates the supply of 35 LNG shipments, or seven shipments per year for five years, according to Egypt’s Ministry of

BP Finalizes $12 Billion Offshore Investment in Egypt

March 9, 2015

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 5 Tcf of gas and 55 MMBO of condensates. BP anticipates an investment of around $12 billion from the company

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