Egypt receives final LNG shipment, marking end of gas imports: Tarek El-Molla - DAILY NEWS EGYPT

29 September 2018

Egypt received the final liquefied natural gas (LNG) shipment, after which the country will halt natural gas imports, Petroleum Minister Tarek El-Molla said on Saturday.

According to the Ministry of Petroleum, LNG imports cost the state about $280m monthly, to meet domestic market demands.

Moreover, it is estimated that around $3bn this fiscal year will be saved following the connection of the new gas explorations to the production cycle.

Greece signed the Energy agreement for drilling in Crete with ExxonMobil, Total and HELPE - IBNA

28-09-2018, 06:28

Nefeli Tzanetakou

Greek Minister of Environment and Energy, George Stathakis, the Chairman of the Hellenic Management Company of Hydrocarbons, Ioannis Basias and the representatives of Total, Isabelle Gastineau, ExxonMobil, Tom McMahon and Yiannis Grigoriou of the Hellenic Petroleum S.A (HELPE) proceeded to the initiation of the concession contracts for the exploration and exploitation of hydrocarbons in two marine "plots" south and southwest of Crete and one in Kyparissiakos Gulf.

Delek, Noble and Egypt Sign $518 Million EMG Pipeline Deal - BLOOMBERG

September 27, 2018, 10:45 AM GMT+3
Yaacov Benmeleh and Mirette Magdy

• Purchase gives buyers the right to operate EMG’s gas pipeline
• Deal paves way for $15 billion Israel-Egypt gas export plan

The companies developing Israel’s largest natural gas fields and their Egyptian partner have bought control of a pipeline to Egypt, clearing legal obstacles to a $15 billion deal to export gas from the Jewish state to its former enemy. Shares of Israeli gas stocks rose.

Egypt sends Jordan natgas samples three months ahead of supply resumption - ENTERPRISE

Thursday, 27 September 2018

Egypt has delivered to Jordan samples of the natural gas it will export by January 2019, Jordan’s Energy Minister Hala Zawati said, according to Petra. 

Oil Minister Tarek El Molla and El Zawati had signed last month a natural gas sale and purchase agreement under which Egypt will supply 250 mcf/d of gas to Jordan. 

This quantity will cover 10% of the country’s gas needs to generate electricity and will restore Egyptian exports of gas to Jordan to pre-2009 levels.

Bulgaria interested in joining Egypt-Cyprus-Greece gas project - ENERGY EGYPT

SEPTEMBER 26, 2018 AT 5:32 PM

At a meeting in New York with Egyptian President Abdel Fattah al-Sisi, the Bulgarian Prime Minister Boyko Borissov said that Egypt is Bulgaria’s most important economic partner among the Middle East countries and Africa.

Bulgaria accepts Egypt as a potential supplier of natural gas and would benefit from joining its gas project with Greece and Cyprus.

Besides Bulgaria recognizes Egypt as a country playing a key role for stability in the region of the Middle East and Africa and is open for active cooperation with it in the fight against terrorism, cross-border crime and radicalization at all levels, Borissov also said.

Bulgarian Prime Minister Boyko Borissov said that Egypt is Bulgaria’s key economic and trade partner in the Middle East and Africa, citing the increase in trade exchange between the two countries.

Sofia is highly interested in cooperation with Egypt in the energy field, Borissov said during a meeting with President Abdel Fatah al-Sisi on the sidelines of the 73rd UN General Assembly meetings in New York.

Gas production of North Alexandria, West Delta fields to start in Dec. - EGYPT TODAY

Tue, Sep. 25, 2018

CAIRO – The second phase of gas production at North Alexandria and West Delta fields will start next December, according to Minister of Petroleum Tarek el-Molla.

Molla clarified that production will reach 400 million cubic feet of gas daily at Giza and Fayoum fields, to gradually hit 700 million cubic feet/day.

This came during Molla’s periodic meeting with the High Joint Committee of the West Nile Delta Gas Project (BP, DEA).

He further noted that production at Revine gas field will begin during the third quarter of 2019, with 450 million cubic feet per day, gradually increasing to reach its maximum capacity of 900 million cubic feet of gas per day.

The minister emphasized the importance of fully adhering to the timetables set for the implementation of the second phase to ensure starting production at these fields on schedule, adding new quantities of natural gas to raise the rates of domestic production.

Egypt's Enppi, UK's Wood Group sign partnership deal on gas exploration, production - AHRAM ONLINE

Monday 24 Sep 2018

Egypt’s state oil company Engineering for Petroleum and Process Industries (ENPPI) signed a deal on Monday with the UK’s Wood Group for a technical and engineering partnership on natural gas exploration and production through deepwater drilling.

In an official statement, Egypt’s petroleum ministry said the inking of the agreement was witnessed by Minister of Petroleum Tarek El-Molla, UK’s Ambassador to Egypt Sir Geoffrey Adams, and UK trade envoy Sir Jeffrey Donaldson.

It was signed by the Chairman of Enppi Alaa Hejazi and his counterpart at Wood, Colin McKinnon.

El-Molla said following the signing that the agreement aims to transfer technology and necessary experience between both sides to undergo the needed engineering work for natural gas exploration and drilling in the deep ocean, as Egypt continues to move forward with executing mega projects for the development and production of natural gas from the Mediterranean.

Rowan Norway awarded contract by Turkish Petroleum - ROWAN COMPANIES

Sep 24 2018

HOUSTON, Sept. 24, 2018 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that the Rowan Norway, an N-Class ultra-harsh environment jack-up rig, has been awarded a two-well contract in the Mediterranean Sea by Turkish Petroleum with an estimated duration 100-140 days. The contract is expected to commence in late 2018. The Rowan Norway is currently warm-stacked in the United Kingdom sector of the North Sea.

Rowan is a global provider of contract drilling services with a fleet of 27 mobile offshore drilling units, composed of 23 self-elevating jack-up rigs and four ultra-deepwater drillships. The Company's fleet operates worldwide, including the United States Gulf of Mexico, the United Kingdom and Norwegian sectors of the North Sea, the Middle East, the Mediterranean Sea, and Trinidad. Additionally, the Company is a 50/50 partner in a joint venture with Saudi Aramco, entitled ARO Drilling, that owns a fleet of five self-elevating jack-up rigs that operate in the Arabian Gulf. The Company's Class A Ordinary Shares are traded on the New York Stock Exchange under the symbol "RDC." 

Italy's Eni to drill North Sinai exploratory oil well next week- EGAS official - ZAWYA / ENTERPRISE

23 SEPTEMBER, 2018

CAIRO - Italy's Eni and Egypt's Tharwa Petroleum will drill the first exploratory oil well in northern Sinai's offshore Noor field next week, an official at Egypt's gas company EGAS said on Thursday.

Egypt's cabinet approved in March a $105 million deal to explore the North Sinai region of the Mediterranean Sea. Tharwa Petroleum, which holds a 15% stake in Noor.

Expectations are high: Eni, which holds an 85% stake in the field, denied in recent months reports claiming that it had discovered 90 tcf of reserves there, or 3x as much as the supergiant Zohr field. The company signed two other agreements with the government last month for exploration in the Nile Delta and Western Desert.