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
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
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
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
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 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
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
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,
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 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
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 in the Northeast Abuel Garadeek region of Egypt’s Western Desert, about 200km (124.27 miles) west of Cairo. According to the
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, all must be in accordance with Egypt’s production sharing agreements. According to the EIA, Egypt is Africa’s second largest dry
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