Argentina to Receive LNG Cargoes from Egypt
Egypt, which is one of Argentina's 23 listed producers and traders, is set to ship two rare cargoes of LNG, the first since 2013, reflecting how a tight global market is influencing supply routes.
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Australia Invites Egypt to Participate in International Mining and Resources Conference (IMARC)
The Minister of Petroleum and Mineral Resources Tarek El Molla has reviewed the latest oil and gas markets' situation in the light of the current challenges and mining activities with the Australian ambassador to Egypt Glenn Miles.
CNOOC Stocks Climb 44% in Shanghai Debut
The oil giant's stock started trade at 20% more than its offering price. However, the Shanghai Stock Exchange started a 30-minute trading suspension almost immediately when the stock price hit the daily allowable band upper limit for new main-board listings.
NESR Awarded Conventional Fracturing Contract by Aramco in Saudi Arabia
The National Energy ServicesReunited Corp (NESR) has announced that it has been awarded one of the major contracts for Integrated Rig-less Stimulation and Testing Services ("Conventional Fracturing") in Saudi Arabia.
Egypt Extends National Gas Grid by 7,224 KM in 9 Months
As a part of the Hayah Karima (decent life) presidential initiative, Egypt has connected 86 villages to natural gas grid. Additionally, the main gas networks are currently being extended to serve about 476,000 customers in 180 villages.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Eni, EGAS to Increase Egypt’s Gas Production, Exports
The goal of the agreement is to achieve the optimal exploitation of the Egyptian gas reserves by maximizing the joint production between the two sides, in a way that contributes to the EGAS and Eni companies identifying new activities and opportunities in order to increase gas production rates in the short term.
QatarEnergy Awards the Ownerships of the First Batch of LNG Ships
QatarEnergy announced that it has awarded the ownership of the first batch of liquified natural gas (LNG) as a part of its LNG shipping program.
Monday Minutes: Economic Snapshot
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Delivering for Today While Transforming for Tomorrow: An Interview with Karim Alaa Regional President – BP North Africa
Since the early 1960s, we have been a main player in the Gulf of Suez which continues to be a major oil production area.
Building on the success we have achieved over the last 5 decades, bp has decided to focus on gas, going forward, particularly in the Nile Delta Basin. It is a world-class gas basin with a lot of growth potential, and we have already invested billions of dollars there building an extensive gas infrastructure. Today, together with our partners, bp currently produces around 60% of Egypt’s gas through a joint venture with the Pharaonic Petroleum Company (PhPC) and Petrobel (IEOC JV) in the East Nile Delta as well as through the bp-operated West Nile Delta gas development.
