Seismic surveyor PXGEO has been awarded a contract to carry out towed streamer project in the Red Sea

The project will involve approximately 6,800 square kilometers. It will be acquired with long offsets and processed using a Pre-Stack Depth Migration (PSDM) workflow to enable sub salt imaging.

Minister of Petroleum and Mineral Resources, Tarek El Molla, and the French Ambassador to Egypt, Stéphane Romatet, have witnessed the signing of engineering works contract relates to the manufacturing license of Red Sea petrochemical complex.

Tarek El Molla, Minister of Petroleum and Mineral Resources, received a delegation from the International Honeywell Corporation specialized in providing technical support for petroleum projects, headed by Rajeev Gautam, President and CEO of Honeywell Performance Materials and Technologies (PMT), to review steps that will be implemented in the Red Sea Petrochemical Complex project after signing a land allocation contract in Ain Sokhna, according to a press release.

President Abdel Fattah Al-Sisi issued Law No. 160 of 2020 licensing the Minister of Petroleum and Mineral Resources, Tarek El Molla, to contract with international oil companies (IOCs) for exploration and production (E&P) activities.

The Minster of Petroleum and Mineral Resources, Tarek El Molla, signed an agreement with Shell Egypt for oil and natural gas exploration in concession area (4) in the Red Sea deep water.

Shell Egypt has announced it signed production sharing contracts (PSCs) in the offshore and deep-water concession of the Red Sea at Block 3 with distance of 3,097 Km² and in the offshore North Kanayes of Herodotus Basin in the West Mediterranean concession by 30% share. The contracts are shared with Total company, the main operator of the project, by 35%, KUFPEC limited by 25% and Tharwa Petroleum company by 10% at distance of 4,445 Km².

Natural Gas Vehicles Company (Car Gas) began a trial operation to the first natural gas supply station in collaboration with the National Service Products Organization’s (NSPO) Watanya in Hurghada, Red Sea.

Minister of Environment, Yasmine Fouad, urged the Council of Arab Ministers Responsible for the Environment (CAMRE) to avoid an environmental disaster caused by the lack of maintenance of the oil tanker (Safer) located in the Red Sea since 2015.

President Abdel Fattah Al-Sisi has called for boosting Egypt's cooperation with the Italian giant Eni to ease any obstacles that the company might face.