gas | Egypt Oil & Gas - Part 25
US Gas Firm Anadarko Cuts Capital Expenditure by 50% in 2016
The third-largest US natural gas producer, Anadarko Petroleum Corp., cut its spending plans by almost 50% to $2.8b in 2016, after recording a net loss of $1.25b in Q4 of the last year.
Explosion in Damietta Pipeline
An explosion in a 180km pipeline linking Damietta and Port Said caused a massive fire in the city of Damietta. The blast had no casualties, nor has it affected gas supply to homes, Ahram Online reported.
Sound Energy Takes Majority Share of Morocco Gas Field
Sound Energy has agreed to buy 75% of the Sidi Moktar onshore gas field in Morocco.
New Promotions in the Petroleum Sector
The Minister of Petroleum and Mineral Resources, Tarek El Molla, approved the following list of transfers and promotions for the heads of state companies in the petroleum sector. Correction: Egypt to Produce 26 Tcf from Zohr
Eni's mega gas discovery in Egypt's Mediterranean area, Zohr, is expected to produce 26 tcf.
Foreign Oil Investments in Egypt Total $7.5b in FY 2016-2017
Foreign energy company investments in research, exploration and development in Egypt’s oil sector in the next fiscal year amount to around $7b.
Egypt Pushed Mediterranean Bid Round to End of FY
Egypt will offer an international tender for new oil and gas exploration blocks in the Mediterranean and Nile Delta, according to EGAS head Khaled Abdel Badie.
Iran Completes $6b Gas Development Through Local Efforts
Iran has brought two more operations online in its biggest South Pars gas field in Asaluyeh, the Phases 15 and 16, at a total cost of $6b.
