Equinor Postpones Bay du Nord Canada Oil Project Over Rising Costs

• Thursday, 1st June 2023
• by Israa Ibrahim

Norway’s Equinor decided that due to rising costs, the company will delay its Bay du Nord Canadian offshore oil project for up to three years, Reuters reported. The announcement is a back step to one of Canada’s...

Egypt Halts Sudan’s Electricity Interconnector Project

• Wednesday, 13th March 2019
• by Sarah Samir

Minister of Electricity and Renewable Energy, Mohamed Shaker, announced delaying electricity interconnector project with Sudan until an unknown period due to the political circumstances in Sudan. The ministry complete...

Egypt Delays Purchase of Oil Price Hedging Contract

• Wednesday, 26th September 2018
• by Sarah Samir

The government will delay the purchase of the hedging contract designed to guard against rising oil prices, despite agreeing a deal with several investment banks, the Egyptian finance minister has said, Al Borsa News ...

Egypt, KSA to Delay Electric Connection Bid

• Tuesday, 7th March 2017
• by Dr. Mahinaz El-Baz

The Egyptian Electricity Transmission Company (EETC) decided to delay a bid on electric connection with KSA to April 2017. Official Egyptian sources mentioned that the transfer stations bid  in Madina, Tabuk  and Badr...

Sonangol Delayed Cash-Calls to Oil Majors

• Monday, 5th December 2016
• by Editorial Team

Angola’s state oil company Sonangol has amassed hundreds of millions of dollars in debts and deferred payments to oil majors and contractors while its new chief, Isabel dos Santos, attempts to reform its operati...

Third FSRU Delayed until Further Notice

• Thursday, 1st December 2016
• by Sarah Samir

The Egyptian Minister of Petroleum, Tarek El Molla, announced the  postponement of the third floating and storage regasification unit (FSRU) with a capacity of 750mcf/d of liquefied gas, reported Daily News Egypt.  El...