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Egypt Oil & Gas 07/22/2020 08:46
Schlumberger has introduced Pulsar Multifunction Spectroscopy (PNX) technology for the first time in Egypt in cooperation with the General Petroleum Company (GPC). PNX is the new generation of Reservoir Saturation Tool (RST) and aims to increase production efficiency from depleted oil and gas fields in addition to increasing their economic value. It is also utilized […]
Egypt Oil & Gas 07/22/2020 08:46
Brazil’s state-run oil company, Petrobras, has published its Q2 2020 results, indicating a slow down in production compared to Q1, according to a press release. The slowdown in production can be attributed to complications caused by the coronavirus whereby 62 shallow water platforms were closed down and half of the workforce was non-operational. In terms […]
Egypt Oil & Gas 07/22/2020 07:06
Dutch geo-data specialist, Fugro, has completed the first phase of its multidisciplinary offshore site investigation for Qatargas’ North Field Production Sustainability’s Compression Phase, according to a press release. The completion of phase one, which was started in March 2020, marks the end of the geophysical scoping. The next phase of the project will oversee the […]
Egypt Oil & Gas 07/22/2020 05:32
Algeria’s state-run oil company, Sonatrach, has resumed liquefied natural gas (LNG) production from its Skikda plant after the completion of maintenance works, according to Reuters. Operations restarted on July 16 and the downtime did not adversely impact the country’s output and exports. The fallout from the Skikda Plant closure was compensated by an increase in […]
Egypt Oil & Gas 07/21/2020 08:32
GE Gas Power has finalized a project to enhance the efficiency and performance of ADNOC’s General Utilities Plant in Ruwais, United Arab Emirates (UAE), by installing the MXL2 upgrade on a GT13E2 gas turbine, according to a press release. The technology upgrade has increased the total output of the turbine by 10.7 megawatts (MW), using […]
Egypt Oil & Gas 07/21/2020 05:50
American supermajor Chevron Corporation has agreed to acquire all of the outstanding shares of Noble Energy for a total of $5 billion, or $10.38 per share, according to a press release. The strategic acquisition bolsters Chevron’s upstream portfolio with low-cost, proven reserves, and attractive undeveloped resources. Noble Energy formerly held assets offshore Isreal, meaning that […]
Egypt Oil & Gas 07/21/2020 04:58
Italian multinational oilfield services company, Saipem, will restart drilling activities of the Scarabeo 8 in the Norwegian waters following the postponement of activities due to the COVID-19 pandemic, according to a press release. Drilling operations are due to start in Q4 2020, with an eye to keep the operating profile and equipment of the rig active […]
Egypt Oil & Gas 07/20/2020 08:42
The Petroleum Engineering and Development Company (PEDEC) has signed a deal with Petropars Company to complete the final stages of development in the South Azadegan field, according to SHANA. The general contract for the South Azadegan project and the contract for the development of the South Azadegan oil field and construction of a Central Treatment Export […]
Egypt Oil & Gas 07/20/2020 07:12
Engineering, procurement, construction, and installment (EPCI) company, Ezion Gerber Energy, has entered into a contract with Norwegian company, Connector Subsea Solutions, for future offshore projects in Nigeria, according to a press release. The collaboration will last for a minimum of three years and will see the provision of support for current and future offshore Nigerian projects, […]
Egypt Oil & Gas 07/20/2020 06:07
Finish marine manufacturing company, Wärtsilä, has been contracted to deliver a complete bridge systems installation for five icebreaking liquefied natural gas (LNG) fueled tankers for the Arctic LNG-2 project, according to a press release. The installation of the equipment is scheduled for 2020-2023 and will be operational to a temperature of minus 52 degrees celcius. […]
Egypt Oil & Gas 07/20/2020 04:39
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience. July 14 to July 20 Coverage: Afreximbank paid out $3.55 billion to the Egyptian banking sector under its Pandemic Trade Impact Mitigation Facility (PATIMFA) since the start of COVID-19 in March. The bank has also provided […]

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