storage | Egypt Oil & Gas

Germany Risks Winter Gas Shortage as Storage Levels Remain Low

Germany risks facing a gas shortage this winter if temperatures fall sharply, as low storage levels could leave the country exposed during periods of extreme cold, Reuters reported, citing Germany’s gas storage indust...

ExxonMobil Begins Production from Yellowtail Project Offshore Guyana

US ExxonMobil has commenced production from Yellowtail, its fourth oil development in Guyana’s offshore Stabroek block, four months ahead of schedule. The company reported an initial average production of 250,000 barr...

Egypt Secures 5 years of Gas Needs Through Regasification Units: Madbouly

Egypt has secured a stable and reliable system to meet its natural gas needs for the next five years through the floating, storage, and regasification units (FSRU), Prime Minister Mostafa Madbouly stated during the Ca...

Eni UK Applies for Carbon Storage License for the Hewett Depleted Field

Eni UK announced the launch of the Bacton Thames Net Zero initiative, which aims to significantly reduce carbon emissions in the UK’s Southeast San Donato Milanese (Milan). Eni UK declared that it has submitted ...

El Molla Inaugurates Expansion Works at Al-Hamra Port

Minister of Petroleum and Mineral Resources Tarek El Molla laid the foundation stone for the expansion of the Al-Hamra Petroleum Port area. The port expansions is cover an area of ​​120 acres with the aim of increasin...

Ras Markaz Oil Terminal to Commence Operation in Q2 2022

Salim Marhoon Al Hashmi, Director-General of Raz Markaz Oil Storage Project announced that the project will start operations during Q2 2022, according to Oman news agency. This project, 100% owned by the Oman Tank Ter...

ENOC, Rotary Arabia Develop Terminals Infrastructure in Saudi Arabia

ENOC Group along with Rotary Arabia, which is one of the Engineering, Procurement and Construction (EPC) contractors in Saudi Arabia has completed the development of infrastructure  needed  for transporting and storin...

Gastec launches First Mobile Natural Gas Station in Egypt

Gastec company announced that it has launched for the first time in Egypt a mobile station to supply cars with compressed natural gas, a press release reported. The station can reach remote spots and can be used durin...

INE Approves PetroChina as Storage Facilities for LSFO Futures  

Shanghai International Energy Exchange (INE) approved PetroChina International Middle East as overseas storage facilities for lower Sulphur fuel oil (LSFO) futures, according to a press release. INE elaborated that th...

Kenyan KPC, KPLR Sign 3-Year Lease Agreement

Kenya Pipeline Company (KPC) has signed a 3-year lease agreement with Kenya Petroleum Refineries Limited (KPRL) as it looks to expand the country’s oil storage capacity, Procurement & Logistics Online reported. Ac...

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