OIL AND GAS

23 Jan 2019

First phase of Egypt-Sudan power grid link to be completed in two months

Cairo: The first phase of building an electricity line linking power grids in Egypt and Sudan is set to be completed within the next two months, Egypt’s Electricity Minister Mohamed Shaker announced on Tuesday.

In"...

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20 Jan 2019

Crescent Petroleum Signs MoU to Sponsor Special Olympics

Crescent Petroleum, the Middle East's first and largest private exploration and production company, has signed a memorandum of understanding (MoU) with the Local Organizing Committee (LOC) for Special Olympics World Games Abu Dhabi 2019 to sponsor the World Games taking place 14-21 March,"...

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16 Jan 2019

NREA postpones receiving bids on Gulf of Suez wind farm to February

The New and Renewable Energy Authority (NREA) has decided to delay receiving bids on the Gulf of Suez wind farm of 250MW to February instead of 20 January.

An official in the NREA said the decision came upon the"...

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16 Jan 2019

Oil prices rose to $59.9 as supply declines

Oil prices surged to around $59.90 a barrel in yesterday’s trading, up $5 from last month’s prices, amid supply cuts by global markets and a decline in the number of American rigs.

Medhat Yousef, former"...

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16 Jan 2019

Israel will begin exporting gas to Egypt in few months' time - energy minister

Cairo: Israel will begin exporting natural gas to Egypt in a few months’ time, Energy Minister Yuval Steinitz said on Monday, a key step in the country’s plans to sell its expanding gas production abroad and bolster diplomatic ties.

Steinitz"...

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15 Jan 2019

Five plants, four transmission networks established in Benban

Cairo: Five plants with a total capacity of 230 megawatts were established in Benban Solar Park. The first, having a capacity of 50 megawatts, got connected to the grid, while the rest are still in the experimental phase.

Benban"...

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15 Jan 2019

Israel will begin exporting gas to Egypt in a few months’ time

Israel will begin exporting natural gas to Egypt in a few months’ time, Energy Minister Yuval Steinitz said on Monday, a key step in the country’s plans to sell its expanding gas production abroad and bolster diplomatic ties, says Reuters.

Steinitz"...

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14 Jan 2019

Cairo to become regional LNG hub

Cairo: Egypt is poised to become a regional liquefied natural gas (LNG) trading hub thanks to booming natural gas production from recent discoveries, existing LNG infrastructure and strategic agreements it is seeking with eastern Mediterranean countries to import gas for processing and"...

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13 Jan 2019

GPC aims to increase daily production to 79,000 BOE in H2 of FY 2018/19

The General Petroleum Company (GPC) has witnessed the highest rate of production in its history of 63,600 barrels of oil equivalent (BOE) daily in the first half (H1) of the fiscal year (FY) 2018/19, Nabil Abdel Sadek, president of the GPC, said on Saturday.

After"...

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13 Jan 2019

Natural Gas Can Play an Important Role in the Energy Transition to a Lower Carbon Economy

Policy makers worldwide have a proven solution for cutting carbon emissions by switching electricity generation from coal and oil to natural gas, Majid Jafar, CEO of Crescent Petroleum, told an audience of energy ministers and industry leaders meeting in Abu Dhabi this morning.

As"...

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