Turkey declares oil refinery as special industrial zone - YENI SAFAK / ANADOLU AGENCY

October 20, 2018  11:14 

A presidential decree has declared a newly-opened oil refinery in western Izmir province as the first special industrial zone in Turkey, the Industry and Technology Ministry said Saturday.

Industry and Technology Minister Mustafa Varank said in a statement that the oil refinery will reduce Turkey's foreign trade deficit annually by $1.5 billion.

"The STAR refinery is the biggest real sector investment made at a time in Turkey," he said.

He stressed on the importance of petrochemical investments in terms of high value-added production, employment opportunities and balance of payments.

Eni agrees with Petroleum Ministry on $2.6 for gas produced from Farameet well - DAILY NEWS EGYPT

Thursday October 18, 2018

Mohamed Adel

Italian Eni has recently signed an agreement with the Petroleum Ministry regarding the pricing of the gas produced from the Faramid well (TEKMOR Note: East Obayed Concession), which was recently discovered in the company’s concession area in the Western Sahara. The pricing was agreed to be $2.6 per one million thermal units.

A source at EGAS told Daily New Egypt that about 23m cubic feet of gas will be produced daily from the Farameet well.

He pointed out that the well’s production will be connected to Obayed’s gas processing plant, owned by Dutch Shell.

BP to produce 60 mcf/d of natgas from Katameya well in 2020 - ENTERPRISE

Thursday, 18 October 2018

BP will begin producing 60 mcf/d of natural gas from its Katameya Shallow-1 exploration well in the North Damietta East Delta marine concession by 2020, a source from the industry told Youm7. 

Early works on the well are due to begin soon as BP had promised in April to begin production by no later than early 2020. 

The well has 90 bcf of reserves.

ENERGY: Washington against any actions that raises tension in Cyprus gas search - FINANCIAL MIRROR

17 October, 2018

Washington discourages any actions or rhetoric that raises tensions in the East Med, a US State Department official said in response to a question on Turkish provocations in Cyprus’ Exclusive Economic Zone.

“US policy on Cyprus’ EEZ is longstanding and has not changed: The United States recognises the right of the Republic of Cyprus to develop its resources in its Exclusive Economic Zone, said the official.

“We continue to believe the island’s oil and gas resources, like all of its resources, should be equitably shared between both communities in the context of an overall settlement. We discourage any actions or rhetoric that increase tensions in the region,” the official added.

Turkey has warned foreign companies from exploring for gas offshore Cyprus and said it would act to protect its interests.

Ankara also plans to start exploring for hydrocarbons in the region around the same time that US energy giant ExxonMobil is scheduled to begin test drills off Cyprus.

Egypt's petroleum minister says one FSRU vessel to leave before week-end - ZAWYA / REUTERS

16 OCTOBER, 2018
Ehab Farouk

CAIRO - Egypt's petroleum minister said on Tuesday that a regasification vessel would leave Egypt by the end of the week.

Tarek El Molla said that another vessel would stay behind as part of the petroleum ministry's strategy to maintain energy supplies for the country.

Reporting by Ehab Farouk, writing by Sami Aboudi; Editing by Kirsten Donovan

Cyprus missing out on a good gas deal, expert says - CYPRUS MAIL

October 16, 2018

Elias Hazou

Greek oil and gas company Energean, which has offered to pipe gas to Cyprus from its Israeli offshore leases at a highly competitive price, has responded to the energy minister who said the company does not have an export permit from the Israeli government and that therefore its proposal is invalid.

In a press release last Friday, Energean Oil & Gas Plc said it has submitted to the government a proposal “to supply Cyprus with natural gas as of the first quarter of 2021, without the investment cost burdening Cypriot taxpayers, and at a particularly competitive price”.

It added: “The company respects and complies with regulations and the regulatory framework in each country where it operates and, evidently, we have confirmed our capability to supply Cyprus with natural gas on the basis of the already-submitted offer.”

Energean was responding to energy minister, Giorgos Lakkotrypis, who a day earlier appeared to dismiss outright the company’s offer.

Deconstructing the Leviathan: The future of how Israel fuels itself? - THE JERUSALEM POST

OCTOBER 14, 2018 06:34 

Erica Schachne

 
Noble Energy’s plan to extract natural gas via the game-changing pipe seems like a win-win for the Israeli government, the Israeli people and neighbors like Jordan, Egypt and Cyprus.

• Noble Energy to sell $800 million stake of Tamar natural-gas field
• Noble Energy, partners acquire Egypt-Israel gas pipeline stake for $518m

The process of culling natural gas from the massive Leviathan pipeline, expected to be the largest infrastructure project in Israel’s history and a boon to the Israeli economy, is very much on its way.

This past summer, I joined Noble Energy’s trip to its Texas-based offices and operations to learn precisely how it was constructing Leviathan, set to go in waters 9.7 kilometers off the Haifa coast. Noble finally kicked off the project in 2017 – almost seven years after many billions of shekels worth of natural gas was first found in the colossal Mediterranean Sea field off Dor Beach. The discovery came around a year after the Tamar field was found, with the gas there also being extracted by Noble.

ENERGY: Energean calls out Cyprus on its gas supply policy - FINANCIAL MIRROR

13 October, 2018

Greek oil and gas firm Energean has upped the ante by saying it can deliver more competitive gas prices to Cyprus than the tender procedure Nicosia is going through.

“Energean has submitted a proposal to the Cypriot Government to supply natural gas to the country in the 1st quarter of 2021 at no upfront cost to the Cypriot citizens at a very competitive gas price,” the company said in a statement.

“Energean always respects the rules and regulations of every country it operates in and has obviously confirmed its option to supply natural Gas to Cyprus in accordance with the proposal made,” it added.

According to sources, Energean is unhappy that it is excluded from a tender to supply Cyprus with gas because the bids relate to LNG infrastructure only.

Those same sources argue that the project will be much more expensive compared to gas supplied through a pipeline.

Eni CEO says new agreement with Libya’s NOC would increase oil production efficiency - THE LIBYA OBSERVER

October 13, 2018 - 14:19
Safa Alharathy

The CEO of the Italian energy company Eni Claudio Descalzi said that the expansion of production plans in Libya in 2019 is important for both sides in terms of diversification of energy sources.

Descalzi explained in a press statement that these plans would turn the situation round in Libya after 8 years of freezing of investments, adding that this step would contribute to creating jobs and greater development in the country.

Discalzi pointed out that the agreement on exploration and sharing of production, signed between the National Oil Corporation (NOC), ENI, and BP, involves about fifty four thousand square kilometres in the sea and on land.

Beyond the Southern Gas Corridor: Interconnecting Central/East Europe and the Balkans? - NAOC

October 12, 2018October 12, 2018 

Mariana Liakopoulou

Following the August signing of the Convention on the legal status of the Caspian Sea, the Southern Gas Corridor (SGC), a large-scale gas pipeline project that aspires to connect the region’s copious hydrocarbon resources to the European markets, has been drawn back into international debate.

The present article illuminates how the SGC enhances the potential for cross-border interconnectivity amongst EU member-states in Central and Eastern Europe (CEE) and the Balkans, as well as amongst the Energy Community contracting parties. The Energy Community is an initiative introduced at the onset of the twenty-first century by the EU and several third countries in its southeastern vicinity, focusing on the extension of the EU’s existing rules to aspirants for membership.

Cyprus Tenders For LNG Import Terminal - MEES

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Greece and Egypt moving closer to EEZ agreement - KATHIMERINI

11.10.2018 : 16:42

Vassilis Nedos

The much-discussed delineation of the exclusive economic zones (EEZ) of Greece and Egypt was on the table at a trilateral meeting between Greek Prime Minister Alexis Tsipras, Egyptian President Abdel Fattah el-Sisi and Cyprus President Nicos Anastasiades on the island of Crete on Wednesday.

Speaking after the meeting, the sixth between the three leaders, Tsipras said that “technical details” remain before Greece and Egypt wrap up talks on the issue that began three years ago.

Government sources said that Tsipras and Sisi agreed that this should happen by the end of the year.

Global Investment Firms Show Interest in Funding Cyprus Gas Pipe - BLOOMBERG

October 10, 2018, 10:27 AM GMT+3
Yaacov Benmeleh

• Four financial firms in contact with Cyprus govt on pipeline
• Pipe would transport Cyprus gas to Shell’s LNG plant in Egypt

Four major investment firms expressed interest in financing the construction of a pipeline that would transport natural gas from Cyprus to Egypt, according to a Cypriot official involved in the country’s energy sector.

The banks and investment houses asked the Cypriot government for more information on the progress of the Aphrodite reservoir, whose gas Royal Dutch Shell Plc is considering buying for its facility in Egypt, said Sofronis Papageorgiou, head of commercial affairs at the Cypriot embassy in Israel. He declined to disclose the names of the firms.

The Aphrodite field has sat undeveloped since its discovery in 2011, the first in Cypriot waters, but companies and regional governments are working to change that. Last month, Egypt and Cyprus signed an inter-governmental agreement to facilitate commercial deals, while the owners of the gas pool -- Shell, Texas-based Noble Energy Inc. and Israel’s Delek Drilling LP -- continue to hammer out a contract to service the liquefied natural gas plant in Egypt called Idku.

Greece, Egypt back Cyprus gas exploration - THE WASHINGTON POST / ASSOCIATED PRESS

October 10 at 12:55 PMDerek Gatopoulos and Menelaos Hadjicostis

ATHENS, Greece — The leaders of Greece and Egypt on Wednesday backed efforts by regional ally Cyprus to exploit off-shore gas deposits, despite strong objection from Turkey.

Greek Prime Minister Alexis Tsipras hosted a meeting Wednesday with Egyptian President Abdel-Fattah el-Sissi and Cypriot President Nicos Anastasiades on the island of Crete. The talks were the sixth meeting between the three leaders aimed at forming an energy-based alliance in the east Mediterranean.

U.S. energy giant ExxonMobil will search for natural gas off the coast of Cyprus by the end of the year, a senior executive said last week.

“We have clearly expressed our support for Cyprus in its efforts to capitalize on the sovereign rights deriving from International Law regarding (offshore deposits) and to make progress in their exploitation,” said Tsipras.

DEFA issues tender for construction of LNG import terminal - HYDROCARBON ENGINEERING

09 October 2018

The state natural gas company of Cyprus, DEFA, has issued a tender for the development of a facility for the import, storage and regasification of LNG at Vasilikos Bay near Lemesos.

The tender was made on behalf of the Natural Gas Infrastructure Co. Ltd (ETYFA).

Following the completion of a feasibility study in 2016, the government of Cyprus decided to proceed with the development.

The government requires the completion of the new LNG import terminal by 30 November 2020.

The LNG Terminal will include a floating storage and regasification unit (FSRU), a jetty for mooring the FSRU, a jetty borne gas pipeline and related infrastructure. The LNG terminal has secured a funding of 40% of the CAPEX, up to €101 million, as a grant from the EU under the Connecting Europe Facility (CEF) financial instruments.

Egypt to Receive First Israeli Gas as Early as March - BLOOMBERG

October 8, 2018, 12:44 PM GMT+3Mirette Magdy

• Egyptian pipeline partner says to hit capacity in three years
• East Gas says its pipeline via Jordan can act as backup

Egypt will begin importing natural gas from Israel under a $15 billion deal as early as March if an undersea pipeline connecting the Mediterranean neighbors is found to be in good condition, moving the country closer to its goal of becoming an energy-exporting hub.

Mohammed Shoeib, chief executive officer of East Gas Co., a major Egyptian partner in the pipeline, said supplies would begin at 100 million standard cubic feet of gas per day in the first quarter of 2019 and gradually rise to a maximum of 700 million scf a day.

“We expect the pipeline is in good condition,” he told Bloomberg in an interview. “We aim to reach the pipeline’s full capacity or maximum flow rate within three years.”

Eni to acquire half of BP's Libya oil and gas assets - REUTERS

London, OCTOBER 8, 2018 / 7:00 PM
Ahmad Ghaddar, Ron Bousso

Italy’s Eni has agreed to buy half of BP’s 85 percent stake in a Libyan oil and gas license with the aim of resuming exploration next year, the companies said on Monday.

Eni will acquire the 42.5 percent stake and become the operator of the exploration and production sharing agreement (EPSA) in Libya, in which the Libyan Investment Authority holds the remaining 15 percent, the companies said in a statement.

The companies, along with state-owned National Oil Corp (NOC), signed a letter of intent in London on Monday paving the way for the final deal. They did not disclose financial terms of the transaction.

NOC chairman Mustafa Sanalla said the agreement showed renewed confidence in the war-torn country’s oil and gas sector.

“This agreement is a clear signal and recognition by the market of the opportunities Libya has to offer and will only serve to strengthen our production outlook,” he said.

BP Chief Executive Officer Bob Dudley hailed the deal as an important step “towards returning to our work in Libya”.

Eni to increase its investments in Zohr to USD 16 bn - ENTERPRISE

Monday, 8 October 2018

Italy’s Eni plans to increase its investments in the Zohr gas field to USD 16 bn, up from USD 12 bn, by the time it completes the field’s development in July 2019, according to an unnamed source. 

Production from the field reached 2 bcf/d last month and is expected to plateau at 2.7 bcf/d next year.

Good reasons why energy giants are eyeing the East Med - CYPRUS MAIL

October 7, 2018 

Charles Ellinas

Interest in the East Med has increased during the last ten years with the discovery of major gas fields such as Tamar, Leviathan and more recently the giant Zohr field in Egypt. These have opened up major opportunities for new discoveries, but also for oil and gas investments in the region.

This was confirmed at Gastech 2018 in Barcelona, the world’s largest gas conference, by Lapo Pistelli, head of international affairs at ENI, Walid Nasr, the chairman of the Lebanese Petroleum Authority (LPA) and myself.

News Analysis: Strategic location, improved infrastructure to turn Egypt into regional energy hub - XINHUA

2018-10-06 05:44:4
Marwa Yahya; Editor: Yang Yi

CAIRO, Oct. 5 (Xinhua) -- With Egypt's strategic location and improved infrastructure, the North African country is becoming a regional hub for energy trade, said experts.

"Egypt has all the conditions needed to turn into a regional hub for energy trade. It has a very unique location among the three continents, besides its Suez Canal and internationally standardized infrastructure," Salah Hafez, former deputy chairman of the General Authority for Oil, told Xinhua.

"Egypt also owns gas pipelines to Israel and Jordan, gas liquification stations in Damietta and Edko in northern Cairo, and sea ports," Hafez said.

The Egyptian government announced on several occasions a two-phase plan to turn Egypt into an energy hub. The first will be carried out by construction of electricity networks between Egypt and its neighboring countries.

The electricity connections with Libya and Jordan have been in operation, with other networks linking Egypt with Syria and Iraq still under construction.

By the end of 2018, the electricity links with Sudan will start working. Egypt also plans to establish a sea cable for electricity connection with Greece, Cyprus, and Saudi Arabia, the spokesman of the Electricity Ministry told Xinhua.

Israel-Egypt gas export deal shapes up - PETROLEUM ECONOMIST

5 October 2018

Gina Cohen

Practical steps have been taken that could eventually enable gas from Israel’s offshore to be piped to Egypt

Israel's Delek, the US-based firm Noble and Egypt's East Gas have established a company (Emed) to buy 39% of the 26in, 90km (56-mile) East Mediterranean Gas pipeline for $518m. This investment, combined with a transportation agreement, will provide the partners with the exclusive rights to use all the pipeline's capacity.

Of the $518m, the Leviathan and Tamar offshore gasfield partners will each pay $125m, whilst Delek and Noble will each pay another $60m. Most significantly, the East Gas company, which also owns the pipeline from Aqaba in Jordan to el-Arish in Egypt, will invest $148m, which is a considerable amount for Egypt. This strategic partnership with a leading Egyptian infrastructure owner provides "skin in the game" and an Egyptian umbrella for the entire transaction to sell Israeli gas to Egypt.

Leviathan gets first rights to transmit gas in the EMG pipeline. Namely, if capacity in the line is low, then the first 3.5bn cubic metres a year is for Leviathan and the second tranche of 3.5bn cm/y is for Tamar. If Tamar can't pipe all of this volume, the capacity automatically reverts to Leviathan.

This includes the ability to transmit additional Israeli gas in the 10bn-cm/y East Gas-owned pipeline from Aqaba to el-Arish.

Defa publishes tender documents for LNG terminal - CYPRUS MAIL

OCTOBER 5, 2018

Cyprus’ natural gas public company (DEFA) on Friday published the tender documents for the design, construction, and operation of an LNG import terminal that will be located at Vassilikos.

“This is an important milestone for DEFA, and for the people of Cyprus, who will soon benefit from the cost savings and environmental benefits from the use of natural gas. We expect to issue a request for expressions of interest for the supply of LNG in the coming weeks and a full tender early in 2019,” DEFA chairman Symeon Kassianides said.

The tender documents can be obtained from the e-procurement portal of the Republic of Cyprus.

The €300m LNG Terminal will include a floating storage and regasification unit (FSRU), a jetty for mooring the FSRU, a jetty-borne gas pipeline and related infrastructure.

The LNG Terminal will be completed in 2020 and 40 per cent of its cost, or €101m, will be funded by the EU.

ENERGY: ExxonMobil to drill offshore Cyprus in Q4 as Turkey renews threats - FINANCIAL MIRROR

05 October, 2018

US energy giant ExxonMobil said on Friday it plans to begin test drilling for hydrocarbons offshore Cyprus later this year despite Turkey warning international firms against such moves.

“Our plan is to drill some time in the fourth quarter, we haven’t got an exact date right now,” senior vice chairman of ExxonMobil Neil Chapman told reporters Friday.

He made the comments after holding talks with Cypriot president Nicos Anastasiades a day after Turkey advised energy firms not to bid for a license to explore for oil and gas in a new block offshore Cyprus.

Cyprus on Wednesday invited France’s Total, Italy’s Eni and ExxonMobil - already licensed to exploit oil and gas in Cyprus’ Exclusive Economic Zone (EEZ) - to bid for unclaimed block 7.

Chapman said, “we have not looked in any detail at block 7 yet”.

Cabinet looking for gas licensees for Block 7 (Updated) - CYPRUS MAIL

October 3, 2018 

George Psyllides

The energy minister announced on Monday Cyprus will be seeking bidders for a €300m project to facilitate natural gas imports and will also invite energy companies to express interest in another offshore field inside the island’s exclusive economic zone.

Rising Oil Bill May Erase Egypt's Savings From Gas Milestone - BLOOMBERG

October 3, 2018, 4:22 PM GMT+3

• Egypt faces hit to budget from oil after ending imports of gas
• Government was planning to phase out costly fuel subsidies

No sooner has Egypt achieved its milestone of regaining self-sufficiency in natural gas than another corner of the energy market threatens to deal a new blow to fragile government finances.

A six-fold increase in production at the giant offshore Zohr field means Egypt can now meet its own needs domestically. The government may now save some $2 billion a year after receiving what it said was the final shipment of expensive liquefied natural gas last week. But relief for the most populous Arab country -- a net importer of refined gasoline and diesel -- could be short-lived.

Egypt’s 2018-2019 budget assumes oil prices at $67 a barrel but crude has already surged past $80, threatening plans to cut the deficit under an economic overhaul program backed by a $12 billion International Monetary Fund loan. It also poses a dilemma for the government, which had sought to phase out fuel subsidies by mid-2019; burden the population by lifting prices higher and faster than expected or abandon its deficit target altogether.

Wood celebrates new partnership with ENPPI in Egypt - WOOD

London, UK, 01 October 2018

The British Ambassador in Egypt Sir Geoffrey Adams and His Excellency Minister of Petroleum Eng. Tarek El Molla celebrated a new signed subsea agreement between Egyptian Petroleum Company ENPPI and British company Wood. Both companies have been working together for the past two years on the Burullus project, providing subsea engineering and operations support services through an ENPPI/Wood Consortium Agreement.

The new agreement was signed by ENPPI Chairman Eng. Alaa Hegazy and Wood Technical Director Engineering Colin McKinnon. Together, both companies will continue to draw on a huge pool of talent and experience globally to provide the best independent technical solution for oil and gas projects as well as enable and facilitate subsea technology transfer and training through projects and training courses.

British Ambassador to Egypt Sir Geoffrey Adams said: “Today we celebrate a new chapter in the Egyptian- British partnership which brings together Egyptian talent and British expertise. New partnerships are the stepping stones for shared knowledge and benefit, new job opportunities for all Egyptians and fast track delivery for mutual economic success.”

EMG, Israeli Electric are withdrawing arbitration cases against Egypt - ENTERPRISE

Monday, 1 October 2018

EMG, IEC have begun withdrawing arbitration cases against Egypt: East Mediterranean Gas (EMG) and Israel Electric Corporation have officially begun proceedings to drop their international arbitration case against state energy companies EGPC and EGAS, according to Oil Ministry sources. The two cases would have seen Egypt pay a combined USD 1.988 mn in fines for failing to supply IEC with gas in 2012.

Key step in our energy hub transformation: The withdrawal of the claims are conditions of the USD 518 mn agreement Noble Energy and Delek — the operators of Israel’s Leviathan and Tamar gas fields — and their Egyptian partner East Gas signed last week. The transaction gives Nobel and Delek a 39% stake in EMG, paving the way for the gas field operators to export natural gas to Egypt under a USD 15 bn agreement signed in February with Alaa Arafa’s Dolphinus Holdings.

Advisers: Shahid Law Firm acted as sell-side legal counsel on the EMG transaction, while Alliance Law Firm had was on the buy-side.

EMG Transaction - Enabling Gas Export to Egypt - DELEK DRILLING

SOURCE

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.

Daily exportation of 250m cubic feet of gas to Jordan electricity plant to be resumed in early 2019 - DAILY NEWS EGYPT

Saturday September 22, 2018
Mohamed Adel

The Ministry of Petroleum has concluded the final negotiations with Jordan regarding signing a new agreement to export Egyptian gas to Jordan electricity plant, in order to supply nearly 250m cubic feet of gas starting next year.

An official at the Ministry told Daily News Egypt that a new agreement would be signed with the Jordanian side to export about 250m cubic feet of gas daily, with prices different from prices originally stipulated in the previous agreement.

The official pointed out that Egypt would continue exporting natural gas to Jordan in early 2019 through the pipeline linking Egypt and the Jordanian lands, which would be the start of turning the country into a regional hub to distribute energy, and then later achieve self-sufficiency of gas.

The recent talks between the Egypt’s minister of petroleum and his Jordanian counterpart included agreeing on the return of Egyptian gas to Jordan, in addition to amending some articles in the agreement of gas exportation.

The Jordanian Ministry of Energy said in a previous statement that the agreement stipulates that about 10% would be exported from Egypt to generate electricity. This came following the visit of the Jordanian Minister of Energy and Mineral Resources Hala Zawati to Egypt last week.

ExxonMobil exec says 'happy' to be in Cyprus for gas drilling - KATHIMERINI

FRIDAY SEPTEMBER 21, 2018 16:29

ExxonMobil is aware of the particular geopolitical situation in the region of Cyprus, Tristan Aspray, the company’s vice-president for Exploration in Europe, Russia and the Caspian, said during an investment forum hosted by the Cyprus Investment Promotion Agency at Bloomberg's European headquarters in London on Friday.

Asked about Turkey’s threats towards Cyprus for the planned drilling by an Exxonmobil-led consortium this autumn, Aspray said existing problems are a matter to be resolved by the governments in question.

“We are happy to be in Cyprus,” he said, adding his company is at the final stages of preparation for the two exploratory drills in Block 10, located southwest of the island.

Asked by Greek broadcaster SKAI when drills will start, he reiterated that they are planned for the last quarter of the year, but didn’t provide a specific date.

Turkey has repeatedly warned it would stop international oil companies from drilling for gas in Cyprus’ exclusive economic zone, claiming it should receive a share of any potentially lucrative findings.

Oil and gas company SDX Energy confirms talks with BP to buy assets in Egypt - NASDAQ / REUTERS

September 20, 2018, 09:38:00 AM EDT

North African-focused oil and gas company SDX Energy on Thursday confirmed that it was in discussions with BP Plc to buy a package of assets in Egypt.

London-listed SDX said the acquisition would constitute a reverse takeover.

SDX said its shares have been suspended from trading on London's junior market, AIM, with immediate effect and will remain suspended until an admission document has been published or the company confirms that a deal is not proceeding.

Reuters reported earlier in the year, citing banking sources, that BP is seeking buyers for its stake in a 50-year-old oil and gas business in Egypt, then estimated to be worth around $500 million.

It was not immediately clear which assets SDX was in talks with BP over.

Earlier in the day, oil and gas explorer and producer SOCO International said it signed a deal to buy privately-owned Merlon Petroleum El Fayum Company for about $215 million. Merlon holds the operated working interest onshore El Fayum in Egypt.

Cyprus Pipeline Deal With Egypt Brings Gas Step Closer to Europe - BLOOMBERG

September 19, 2018, 12:27 PM GMT+3

Georgios Georgiou and Ahmed Feteha

• Gas would flow from Aphrodite field to Egyptian LNG plants
• Countries committed to maintaining good conditions for project

Egypt and Cyprus signed a deal that will eventually allow natural gas found in the Aphrodite field to be sold to mainland Europe, boosting plans to turn the Eastern Mediterranean into an energy hub.

Cyprus and Egypt committed to establishing and maintaining good conditions for building a gas pipeline between the two countries, including the timely issuance of permits, Cypriot Energy Minister Georgios Lakkotrypis told reporters at a signing ceremony in Nicosia. The accord will allow further exploration in the region, Egypt’s Oil Minister Tarek El-Molla said.

Under the plan, gas will flow to Egypt from the Aphrodite field, which was discovered by Noble Energy Inc. and contains an estimated 4.5 trillion cubic feet of gas. Egypt is also nearing an agreement to receive gas from Israel’s Tamar and Leviathan deposits, operated by Israel’s Delek Drilling as well as Noble. Supplies would be directed to LNG plants in Egypt, some 400 miles (645 kilometers) south of Cyprus.

Remarks by the Minister of Energy, Mr Y. Lakkotrypis, at the signing of the agreement between Cyprus and Egypt for the submarine natural gas pipeline - PRESS AND INFORMATION OFFICE, REPUBLIC OF CYPRUS

19-SEPT-2018 12:01

On the occasion of the signing of the Intergovernmental Agreement, between the Republic of Cyprus and the Arab Republic of Egypt, concerning a direct submarine natural gas pipeline, I welcome to Cyprus my good friend, Egypt’s Minister of Petroleum and Mineral Resources, Mr Tarek El Molla, as well as his associates. I also extend a warm welcome, on behalf of the Government of Cyprus, to the Head of the International Relations and Enlargement Unit, of the Directorate-General for Energy of the European Commission, Mrs Anne-Charlotte Bournoville, and, of course, to the representatives of our partners in the “Aphrodite” natural gas field, the consortium of Noble Energy, Shell and Delek.

Today’s signing is an important milestone, not only for Cyprus but also the entire Eastern Mediterranean region. It constitutes, for Cyprus, another crucial step towards its goal to efficiently exploit the underwater wealth in its Exclusive Economic Zone (EEZ), and specifically gas from “Aphrodite”, for the benefit of all Cypriots. In addition, it reinforces the joint efforts by the countries in the Eastern Mediterranean to establish the synergies required for attracting the multibillion infrastructure investments for hydrocarbons production and transport.

Cyprus, Egypt sign gas pipeline agreement - CYPRUS MAIL

TEKMOR note: Great news for the region,not just Egypt & Cyprus.

SEPTEMBER 19, 2018

George Psyllides

Egypt and Cyprus on Wednesday signed an agreement for the construction of an underwater pipeline to export natural gas to Egypt.

The deal was signed at the presidential palace by Energy Minister Yiorgos Lakkotrypis and Egypt’s Oil Minister Tarek el Molla.

Lakkotrypis said the agreement aimed at ensuring the timely and safe development, construction, and operation of an underwater pipeline directly to Egypt through the two countries’ exclusive economic zones.

Cyprus, Egypt Set to Sign Deal for Offshore Gas Pipeline - NEW YORK TIMES / ASSOCIATED PRESS

Sept. 18, 2018

NICOSIA, Cyprus — Europe stands to gain from an agreement Egypt is set to sign with the Mediterranean island nation of Cyprus to pipe offshore natural gas to processing plants in the north African country where it will be liquefied for export, Egypt's oil minister said Tuesday.

Tarek el-Molla said that under the terms of the agreement, gas off Cyprus could also be used for Egypt's domestic needs.

"So it is really a way to have ... good, win-win positions for not only Cyprus and Egypt, but also for Europe," El-Molla told reporters after talks with Cypriot President Nicos Anastasiades.

Cyprus' energy minister, Georgios Lakkotrypis, called the agreement— to be signed Wednesday — a first of its kind for the region that could bolster Europe's energy security.

Lakkotrypis said the agreement could act as an example for other neighboring countries to offer oil and gas companies the kind of security on their investment so they can proceed with projects worth billions.

The Cypriot minister said the agreement concerns building a pipeline from the Aphrodite deposit — estimated to contain around 4.5 trillion cubic feet (130 billion cubic meters) of gas — to Egypt. But it can apply to other gas fields that may be discovered off the island in the future.

"This is a European pipeline because the natural gas that will be conveyed to Egypt from Aphrodite, after the commercial agreements are completed, will find its way to Europe in liquefied form," Lakkotrypis said.

Talks to hammer out a commercial deal for the pipeline will start soon, he said.

Italian company Eni has discovered another gas deposit southwest of Cyprus, but its size hasn't been determined yet. ExxonMobil will begin a hydrocarbon search off Cyprus later this year. France's Total is also licensed to search for gas.

Cyprus and Egypt geared up to sign pipeline agreement - CYPRUS MAIL

Lakkotrypis (R) welcoming El Molla (L) in Cyprus

September 18, 2018 

Peter Michael

Cyprus and Egypt will sign an agreement for an underwater natural gas pipeline on Wednesday, set to be the first of its type for the region, Energy Minister Yiorgos Lakkotrypis said on Tuesday.

Lakkotrypis and his Egyptian counterpart Tarek el Molla had held a meeting in the evening with President Nicos Anastasiades, where they informed him about the negotiations regarding the bilateral pipeline agreement.

A representative from the European Council will also be present at the signing ceremony to be held on Wednesday.

Following the meeting, the president said in a tweet that the agreement for the transfer of natural gas from the Aphrodite field in Cyprus’ exclusive economic zone “is an important milestone” for the field’s exploitation.

“We are looking toward the establishment of a dedicated corridor that will consist of different infrastructures to supply gas to the EU from the Eastern Mediterranean,” Anastasiades tweeted.

Socar, Qatari firm proposals for Crete energy sufficiency issue - ENERGY PRESS

17/SEPT/2018

LNG usage and the establishment of a floating regasification terminal for gas-fueled electricity generation at power stations are the common factors of at least two proposals to be presented this week to RAE, the Regulatory Authority for Energy, as possible solutions for the Crete’s looming energy shortage problem as of 2020.

An exemption to EU law concerning power station emission limits for local high-polluting units, such as those operating on Crete, is set to expire in December, 2019.

An Athens-Crete interconnection plan that would resolve resulting power insufficiency issues on the island has fallen behind schedule and prompted the need for solutions until the project’s launch.

Opinion writers are mad we are losing at int’l arbitration - ENTERPRISE

Monday, 17 September 2018

Opinion writers, unhappy Egypt is “losing” at int’l arbitration, simply miss the point: Since the USD 2 bn ruling handed down by the International Centre for Settlement of Investment Disputes in favor of Union Fenosa, opinion writers have expressed frustration at this “losing streak.” Ziad Bahaa El Din is urging in Al Shorouk the government to review all its oil and gas contracts to avoid losing future arbitration hearings. Mohamed Saleh concurs in AMAY, urging the government to seek the expertise of legal minds. AMAY’s Newton is complaining about the size of the loses, which he claims have reached EGP 38 bn, while AMAY’s Mohamed Abu Al Ghar is suggesting that the officials who have signed the contracts to be corrupt.

All four miss the point: None of them explain to their readers why we failed to meet our natural gas export obligations (it’s called “force [redacted] majeure” for a reason, people) —and none get the point that settling outstanding disputes is key to Egypt’s aim of emerging as the eastern Med’s premier energy hub.

Egypt signs two new oil drilling agreements - EGYPT INDEPENDENT

September 16, 2018 / 6:56 pmHend El-Behary

The Ministry of Petroleum and Mineral Resources has signed two new oil and gas exploration agreements to explore two deep water areas at the Mediterranean Sea and Western Sahara with Canadian, British, Dutch, Malaysian and Kuwaiti companies, for a minimum investment of more than US $ 1 billion.

The first agreement is with the Egyptian Petroleum Authority, Shell International and Malaysia’s Petronas companies in the deep West Delta maritime region at the Mediterranean, with investments of about $ 1 billion to begin drilling eight new wells.

The second agreement is with the Petroleum Authority, the Kuwaiti energy companies, the Canadian Dover and Rockhopper to explore the Western Sahara with investments of $10 million and a $2 million signing grant to drill four wells.

Egypt, Greece, Cyprus FMs hold talks in Cairo - EGYPT INDEPENDENT / AL-MASRY AL-YOUM

September 15, 2018 // 12:44 pm

Cypriot Foreign Minister Nikos Christodoulides and Greek Foreign Greek Foreign Minister Nikos Kotzias arrived in Cairo on Friday afternoon to meet Egyptian Foreign Minister Sameh Shoukry for three-way talks.

Israel, Greece, Cyprus plan underwater gas pipeline - ARUTZ SHEVA 7

13/SEPT/2018 // 23:00

Prime Minister Binyamin Netanyahu on Thursday, at the Prime Minister's Office in Jerusalem, held a trilateral meeting with Greek Foreign Minister Nikos Kotzias and Cypriot Foreign Minister Nikos Christodoulides. He also met with both men separately.

The three discussed, in continuation of previous meetings, the laying of a joint Israel-Cyprus-Greece East-Med gas pipeline in order to export gas to Europe. They also discussed – inter alia – regional issues, the deepening of cooperation and the initiative to establish a multi-national firefighting force.

"Foreign Minister Christodoulides and Foreign Minister Kotzias, this is one of our regular meetings between Israel, Greece and Cyprus. We have many things that we cooperate on—the environment, energy, security, emergency services, tourism, many others,” said Netanyahu.

“Our prime focus right now is on energy, on developing the eastern Mediterranean pipeline. It’s a great project, could be one of the great underwater projects in the world. And obviously it’s something that we think is important.

Bulgaria-Greece Gas Pipeline Project Receives Initial Bids - NOVINITE / REUTERS

September 13, 2018, Thursday // 09:53

Reporting by Tsvetelia Tsolova; Editing by Edmund Blair

Italy’s Saipem, a consortium including Azeri state firm SOCAR and nine other groups or firms have submitted initial bids to build a gas pipeline between Bulgaria and Greece, the company overseeing delivery of the project said.

ICGB launched a tender in April for design, procurement and construction of the 182-km (113-mile) pipeline that is estimated to cost 145 million euros (8 million). The contract winner will have 18 months to complete the project.

Other firms which have filed initial bids also include Italy’s Sicim, Greek company J&P Avax, Turkey’s Fernas, a group including Sicilsaldo, Nuova Ghizzoni and Inrakat, and a consortium of Germany’s Max Streicher and Greece’s Terna.

ICGB will draw up a shortlist of final bidders.

Sofia plans to use the pipeline to receive one billion cubic metres (bcm) of gas per year from Azerbaijan’s Shah Deniz 2 gas field after 2020, ending its almost complete reliance on Russian gas supplies.