Libya’s Faregh Field Development Phase 2 to Boost Production - PETROLEUM AFRICA

Saturday, October 26, 2019

The Faregh field development Phase 2 is to boost daily production capacity to a quarter-billion cubic feet of gas and 15,000 barrels of condensates

In an important step toward achieving the production targets of the National Oil Corporation (NOC), Waha Oil Company (WOC) announced the beginning of operating tests of the Phase 2 of the Faregh field development project, starting on Wednesday, October 23, 2019 to pump gas to the Intisar 103 field. At a later date, gas will be shipped to the coastal network, to which the field is connected. This step is a significant achievement of NOC and WOC to serve Libyans and the national economy.

Faregh’s gas will be used to increase the efficiency of crude oil production at the Intisar 103 field and could supply the power plants in the Eastern Region, replacing subsidized liquid fuel, a measure that is both cost-saving and environmentally friendly. The project will also increase gas supply to methanol plants and the Libyan Norwegian Fertilizer Company (LifeCo) in Marsa El Brega.

NOC is awaiting the General Company for Gas Transmission & Distribution’s completion of gas pipeline installations to connect the Faregh field with the Sarir power plant, carried out in collaboration with Petrojet, an Egyptian company.

Eni purchases 70% stake in Habi offshore gas concession - OILFIELD TECHNOLOGY

Friday, 25 October 2019 12:00

As reported by Reuters, Eni has bought 70% of Edison’s stake in Block 12 of the offshore Habi gas concession in Egypt’s eastern Mediterranean, an official at state-owned Egyptian gas company EGAS said yesterday.

Edison won Block 12 in a bidding round run by EGAS in 2015.

From North Sea to Eastern Mediterranean: Collaborating to Maximize the Potential of Hydrocarbon Resources - INTERNATIONAL ASSOCIATION OF OIL & GAS PRODUCERS (IOGP)

24 October 2019

The International Association of Oil & Gas Producers (IOGP), the Cyprus Hydrocarbons Company (CHC), and Member of the European Parliament Costas Mavrides (CY, S&D), under the patronage of the President of Cyprus Nicos Anastasiades and the Ministry of Energy, Commerce and Industry of Cyprus, are pleased to invite you to the Conference “From North Sea to Eastern Mediterranean: Collaborating to Maximize the Potential of Hydrocarbon Resources”.

The aim of the conference is to bring together European National Oil & Gas Associations (NOIAs) and industry experts with policymakers and operators in the Eastern Mediterranean, to share success stories, challenges, and discuss how the right policy framework can help maximize the potential of the region’s oil and gas resources. Panelists will also discuss best practices in Safety, Environmental Permitting and Design Notification.

Cyprus is at the heart of a region experiencing an exciting growth story for producers of natural gas, following significant discoveries in the Eastern Mediterranean waters in recent years. New exploration and production in Cyprus and in the wider region offers strategic benefits – including for climate, energy security and industrial competitiveness – not just in the region but in the EU as a whole.

Egypt exported 172.8 bncf of natgas in FY 2018-2019 via 45 cargos from Idku - ENTERPRISE

Tuesday, 22 October 2019

Egypt exported 45 cargos of natural gas carrying a total of 172.8 bcf from the Idku liquefaction plant in FY2018-2019, according to the Egyptian Natural Gas Holding Company (EGAS). 

Egypt had hoped that returning Idku to full capacity would see exports increase to 1.13 bcf/d, but EGAS canceled several LNG tenders from the facility due to low bids and growing domestic demand. 

Idku’s natural gas exports fell by 80% between August and mid-October.

Shell Egypt to sell assets in Western Desert - REUTERS

October 20, 2019 / 1:55 PM

CAIRO, Oct 20 (Reuters) - Royal Dutch Shell plans to sell its onshore upstream assets in Egypt’s Western Desert to focus on expanding its Egyptian offshore gas exploration, Shell Egypt said on Sunday.

Having won three oil and two gas concessions in Egypt last February, senior executive last week told Reuters that the company would start operating the new areas in the second half of next year.

“We remain committed to Egypt and see our future in supporting the government’s energy hub vision by growing Shell positions across the offshore and LNG value chain,” Wael Sawan, Shell upstream director, said in a statement.