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Egypt Oil & Gas 02/26/2020 07:29
Sultan Ahmed Al Jaber, UAE Minister of State and Abu Dhabi National Oil Company (ADNOC) CEO, announced that the company is expanding its carbon capture utilization and storage (CCUS) program, according to a press release. This came during the International Carbon Capture Utilization and Storage (ICCUS) conference convened in Saudi Arabia and comes in line […]
Egypt Oil & Gas 02/26/2020 06:24
Saudi Aramco and Baker Hughes (BH) signed an agreement to form a 50/50 non-metallic Joint Venture (NM-JV) with investments of around $110 million, Oil and Gas Middle East reported. This came during the In-Kingdom Total Value Add (iKTVA) forum, in which it was announced that the JV will be a platform for multi-sectorial non-metallic investment. […]
Egypt Oil & Gas 02/26/2020 05:30
The EOG-HSE Subcommittee convened on February 25 at Halliburton’s premises in Katameya to discuss the 2020 HSE agenda. Colby Fuser, Halliburton Vice President – Egypt and Libya, headed the meeting where the subcommittee addressed health, safety, and environment (HSE) topics including HSE practices and guidelines, as well as strategies to improve and promote the HSE […]
Egypt Oil & Gas 02/25/2020 06:09
Sidi Rezine has restarted its operations and increased its annual output to reach 3.645 million tons, up from 2.7 million tons, according to Reuters. The Algerian oil refinery was shut down in 2018 for the modernization work executed by China Petroleum Engineering and Construction (CPECC). It was inaugurated by Algeria’s Prime Minister Abdelaziz Djerad. According […]
Egypt Oil & Gas 02/25/2020 05:12
The Italian giant, Eni, has commenced its drilling activities in Oman’s first deepwater exploration well in Block 52 offshore Oman, according to Oil and Gas Middle East citing Upstream Online. The block is operated by Eni’s subsidiary, Eni Oman B.V. holding 55% stake in the block, Qatar Petroleum (QP) has 30%, and Oman Oil Company […]
Egypt Oil & Gas 02/24/2020 09:02
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience. February 18 to February 24 Coverage: The CBE’s MPC announced that the overnight deposit rate, overnight lending rate, the rate of the main operation, and the discount rate will remain unchanged at 12.25%, 13.25%, 12.75%, and […]
Egypt Oil & Gas 02/24/2020 08:28
Tunisia’s natural gas production dropped to reach 37,800 barrels per day (bbl\d), down from 70,000 bbl\d in 2010, according to Asharq Al-Awsat. Oil output has declined by 8% in 2019 compared to 2018, which resulted in a 15% drop in natural gas production. Khaled Kaddour, the Minister of Industry, Energy, and Mines, clarified that this output […]
Egypt Oil & Gas 02/24/2020 04:29
Lebanon is going to commence drilling activities for hydrocarbons in its waters within the last week of February, according to the Lebanese Agriculture and Culture Minister, Abbas Mortada, the Daily Star reported. “Drilling for oil will start this Thursday [February 27]…This is an opportunity to advance the national economy and recover from the difficult economic crisis,” Mortada […]
Egypt Oil & Gas 02/24/2020 03:23
Egyptian natural gas will be re-pumped again to Jordan after it was halted for six days, delivering the same quantities that were previously agreed upon, according to Al Ahram Online. The Egyptian-Jordanian Fajr for Natural Gas Transport and Supply Company told the Jordanian state-funded Al-Mamlaka (The Kingdom) TV channel that the gas will be bumped within 48 […]
Egypt Oil & Gas 02/23/2020 07:35
Qatar Petroleum (QP) and Elengy signed a long-term agreement for liquified natural gas’s (LNG) receiving, storage and regasification services at the Montoir-de-Bretagne LNG Terminal in France, according to a press release. The agreement entails that Qatar Terminal Limited (QTL), a subsidiary of Qatar Petroleum, is expected to receive approximately 3 million tons of LNG per […]
Egypt Oil & Gas 02/23/2020 06:32
Kuwait’s National Petroleum Services (Napesco) was awarded a $25.4 million tender by Kuwait Gulf Oil Company (KGOC) and the Kuwait-based Saudi Arabian Chevron Incorporation, according to Mubasher. The tender will extend to five years where Napesco is expected to provide environmental services for sludge treatment. It is worth noting that the deal has not been signed yet, […]

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