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Egypt Oil & Gas 11/19/2019 03:00
Omani oilfield services firm Gulf Energy SAOC inaugurated its first manufacturing facility for cementing casing accessories in the Sultanate, supporting operations in Petroleum Development Oman (PDO), according to Zawya. The inauguration was held under the auspices of Salim bin Nasser al Aufi, Under-Secretary of the Ministry of Oil and Gas, marking the completion of another […]
Egypt Oil & Gas 11/18/2019 02:53
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience. November 12 to November 18 Coverage: The MPC decided to cut interest rates by 100 basis points. Accordingly, the overnight deposit rate, overnight lending rate, the main operation rate, and the discount rate dropped, reaching 13.25%, […]
Egypt Oil & Gas 11/18/2019 02:07
A subsidiary of the Abu Dhabi National Oil Company (ADNOC), ADNOC Drilling, said that it is expanding its fleet, in line with the company’s 2030 Smart Growth Strategy, Gulf News reported. ADNOC acquired four new cutting-edge land rigs with a total value of over Dh 350 million, which will be added to the fleet in […]
Egypt Oil & Gas 11/18/2019 01:40
The Baeshiqa-2 exploration well in Iraq’s Kurdistan region has achieved a hydrocarbons discovery, the Norwegian oil and gas operator, DNO ASA, announced. The upper part of Triassic Kurra Chine B reservoir has produced different rates of light oil and sour gas, according to Pipeline Oil and Gas News. Other Jurassic and Triassic zones are currently […]
Egypt Oil & Gas 11/17/2019 05:47
The Ministry of Energy and Water in Lebanon will launch a tender for gasoline in December, according to the Minister of Energy, Nada Boustani, Zawya reported. Boustani said that the tender would supply about 10% of the country’s needs as Lebanon seeks 150,000 tons of 95 octane gasoline. The deadline for the offers is December […]
Egypt Oil & Gas 11/17/2019 05:32
Algeria’s house of parliament passed a new energy law to make its oil and gas investment more attractive to international oil companies (IOCs), Zawya reported. The new law’s legislation still needs approval by the upper house of parliament, aiming to boost Algeria’s energy production capacity by bringing IOCs to work with state producer Sonatrach. The […]
Egypt Oil & Gas 11/17/2019 05:29
Enppi convened its annual ceremony on November 16 to celebrate its employees’ outstanding offspring in different academic grades for the year 2018/19, Enppi announced on LinkedIn. The ceremony was held under the patronage of Ashraf Bahaa, Enppi Chairman and CEO, and was attended by Enppi Vice Chairmen and Assistants. Starting the ceremony, Bahaa delivered the […]
Egypt Oil & Gas 11/17/2019 05:25
Saudi Aramco will start taking bids from local and foreign investors Sunday, November 17, with a preliminary valuation between $1.6 trillion and $1.71 trillion, Bloomberg reported. Currently the world’s largest IPO, the valuation is still below the $2 trillion targeted earlier in 2016 by Crown Prince Mohammed bin Salman. The highly anticipated stock offering may […]
Egypt Oil & Gas 11/14/2019 07:15
Jaheziya, a leading regional training provider for safety and disaster management, has signed a ten-year memorandum of agreement (MoA) with Abu Dhabi National Oil Company (ADNOC) and Fujairah Oil Industry Zone (FOIZ). Jaheziya’s Chairman, Ali Mohamed Al Ahbabi, along with FOIZ’s Director, Salem Al Afkham Al Hamoudi, and ADNOC’s Executive Director of the Upstream Directorate, […]
Egypt Oil & Gas 11/14/2019 07:06
OPEC’s Secretary-General, Mohammad Sanusi Barkindo, said that oil and gas will continue to play a central role in achieving sustainable economic development and reducing energy poverty. During the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), Barkindo added that the organization’s analysis predicted a 25% growth in total primary energy demand worldwide between 2018 and […]
Egypt Oil & Gas 11/14/2019 06:20
The Egyptian Co. For Gas Transferring & Deliverance’s (Butagasco) Chairman and Managing Director has inaugurated a gas cylinders warehouse in Al Ayyat in Giza governorate on an area of about 1,500 square meters and a cost of nearly EGP 2.6 million. Butagasco targets a total sales of about 42,000 cylinders per month from the new […]
Egypt Oil & Gas 11/14/2019 03:43
The Governor of Beheira, Hesham Amena, announced that the offender who caused the fire in the transmission line of petroleum materials in Itay El Barud was arrested, citing Al Ahram Gate on November 13. According to a cabinet statement, Petroleum Pipelines Co. (PPC)’s Chairman, Abdel Monem Hafez, reported that there was an attempt to steal […]

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