OIL AND GAS

28 Jul 2016

Egypt’s Badr El‐Din ups oil production to 137,000 barrels/day

Badr El‐Din Petroleum Company (BAPETCo), a joint venture between the Egyptian Government and Shell, has recently boosted its oil production to around 137,000 barrels per day, its chairman announced Wednesday.


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26 Jul 2016

Egypt produces 50m more cubic feet of natural gas

Egypt’s daily production of natural gas has increased to 4.05bn cubic feet during this week for the first time since the beginning of the year, compared to 4bn cubic feet of gas last week. It came after adding 110m cubic feet produced daily by Italian Eni’s gas fields in the Nile Delta.

A"...

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26 Jul 2016

GE upgrades two gas turbines in Egypt to improve efficiency

GE, one of the world’s leading engineering and tech giants, yesterday announced that it has completed the upgrade of two GE 9FA gas turbines at the Nubaria power plant in Egypt, the first of its kind upgrade in the Middle East and Africa region, and the third time globally.

The initiative will help improve the power plant’s efficiency and...

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23 Jul 2016

Eight energy giants mull Cyprus gas exploration

Eight major energy firms have expressed interest in drilling for oil and gas off the coast of Cyprus, the government said Friday.


Energy Minister George Lakkotrypis said there had been “strong interest from big companies” in obtaining rights to drill off the Mediterranean island, which hopes to become"......

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23 Jul 2016

Saipem and Deep Sea Supply secure Egyptian contracts

Saipem was the winner of Eni’s tender for subsea construction services for the giant Zohr gas field off the Egyptian coast in the Mediterranean. It won the contract to provide engineering, procurement, construction and installation services for the Egyptian project as part of a series"...

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21 Jul 2016

Indian TCI Sanmar Chemicals to raise investments in Egypt by $280 mln

Renowned Indian group Sanmar Chemicals announced it will increase investments in its Egyptian arm by $280 million, aiming to double the production of polyvinyl chloride (PVC) from 200,000 to 400,000 tons, the Egyptian ministry of trade and industry stated on Wednesday.


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20 Jul 2016

Eni and BP find 700bn feet of gas in south Baltim reservoir

British Petroleum (BP) and Italy’s Eni has estimated the reserves in their concession area in south Baltim at 700bn cubic feet of extractable gas. The gas is in a separate reservoir than the nearby Noras field.


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20 Jul 2016

Liebert to lead Honeywell UOP

HONEYWELL has announced the appointment of Rebecca Liebert as president and CEO of Honeywell UOP, a leading supplier of process technology, catalysts, engineered systems, and technical and engineering services to the global petroleum refining, petrochemical, chemical and gas processing industries.

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19 Jul 2016

No extra tax to be imposed on fuel: Egypt's Cabinet

The new value-added tax (VAT) bill, which has yet to be presented to parliament, does not impose any new VATs on fuel, Egypt's state owned MENA agency reported.

The Cabinet confirmed in an official statement that fuel would not witness any price hikes.


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18 Jul 2016

Samsung Bioepis' Marketing Authorization Application for SB5 Adalimumab Biosimilar Candidate Accepted for Review by the European Medicines Agency

  • If approved, SB5, a biosimilar candidate referencing Humira® (adalimumab), will be Samsung Bioepis’ third anti-TNF-α biosimilar in Europe
  • The Marketing Authorization Application for SB5 was based on a 52-week Phase III study which showed"...

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