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Category: Egypt

  • ABL gets busy at Egyptian gas field

    ABL gets busy at Egyptian gas field Energy and marine consultancy ABL has been selected for the provision of marine warranty […] The post ABL gets busy at Egyptian gas field appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz

  • Shell spins the drill bit with Stena drillship in Egyptian waters

    Shell spins the drill bit with Stena drillship in Egyptian waters UK-headquartered energy giant Shell has embarked on multi-well drilling activities off the coast of Egypt with a drillship owned by Scotland-headquartered offshore drilling contractor Stena Drilling. The post Shell spins the drill bit with Stena drillship in Egyptian waters appeared first on Offshore Energy.…

  • Egypt’s ‘largest of its kind’ OBN program to identify exploration opportunities

    Egypt’s ‘largest of its kind’ OBN program to identify exploration opportunities France-based geophysical services company Viridien and U.S.-headquartered technology player SLB are set to begin […] The post Egypt’s ‘largest of its kind’ OBN program to identify exploration opportunities appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz

  • Oil production uptick in Gulf of Suez as new well comes online

    Oil production uptick in Gulf of Suez as new well comes online The Gulf of Suez Petroleum Company (GUPCO) has put into production mode a new well at an offshore field in the Gulf of Suez, boosting its oil output off the coast of Egypt. The post Oil production uptick in Gulf of Suez as…

  • Maersk heads back to the Red Sea

    Maersk heads back to the Red Sea Danish carrier Maersk, the world’s second largest liner, has taken its first structural step back into the Red Sea, deciding to reroute its MECL service, connecting the Middle East and India with the US east coast, through the Suez Canal after months of Cape of Good Hope diversions.…

  • Suez traffic still 60% down 100 days after last Houthi attack

    Suez traffic still 60% down 100 days after last Houthi attack Suez Canal traffic remains sharply lower more than three months after the last reported Houthi attack, underlining how slow ship operators have been to return to the Red Sea route. According to BIMCO, it has now been 100 days since the last vessel was…

  • More LNG for Egypt as new deal strengthens energy and gas ties with Qatar

    More LNG for Egypt as new deal strengthens energy and gas ties with Qatar With the aim of bolstering its liquefied natural gas (LNG) arsenal, Egypt has fortified its bonds with Qatar within the energy and natural gas domains through a memorandum of understanding (MoU) between the Egyptian Natural Gas Holding Company (EGAS) and QatarEnergy,…

  • Eni going full steam ahead with drilling campaign in Gulf of Suez

    Eni going full steam ahead with drilling campaign in Gulf of Suez As the dash for gas off the coast of Egypt continues to run unabated, the country’s Minister of Petroleum and Mineral Resources has visited the drilling site of the first well in the drilling program, Italy’s energy giant Eni is currently undertaking in…

  • $35 billion gas export deal good to roll

    $35 billion gas export deal good to roll A multibillion-dollar agreement for the export of natural gas from Israel to Egypt is locked and loaded, following the green light from the Israeli government. The post $35 billion gas export deal good to roll appeared first on Offshore Energy. Melisa Cavcic Go to offshore energy biz

  • Stage set for unified oil & gas rig moving service in Red Sea and Gulf of Suez

    Stage set for unified oil & gas rig moving service in Red Sea and Gulf of Suez ABL, part of Oslo-listed global consultancy group ABL Group, has shaken hands with Egypt’s Petroleum Marine Services Co. (PMS) on the launch of a unified rig moving service in the Red Sea and Gulf of Suez, with the…

  • Maersk holds off on date for Suez return

    Maersk holds off on date for Suez return A Maersk spokesperson says the company has not set a firm date for resuming Suez Canal sailings, despite the Suez Canal Authority announcing an early-December comeback for the Danish carrier. In a statement, Maersk said it intends to restore navigation on the East–West corridor “as soon as…

  • Shipping hesitates on Red Sea return

    Shipping hesitates on Red Sea return Experts covering the Red Sea shipping crisis have advised caution over any swift return to the Middle Eastern tradelane. Yesterday, the Houthis officially announced that they have paused maritime attacks on Israel and lifted their so-called naval blockade on Israeli ports. This announcement appeared at the end of a…

  • BP-ADNOC JV secures exploration rights for gas field off Egypt

    BP-ADNOC JV secures exploration rights for gas field off Egypt Arcius Energy, an affiliate of the UK’s BP and the UAE’s ADNOC, has signed a deal with several partners enabling it to get exploration rights in a concession offshore Egypt. The post BP-ADNOC JV secures exploration rights for gas field off Egypt appeared first on…

  • Shell, BP, Ithaca, GE Vernova book Valaris’ five rigs for oil & gas and offshore wind jobs

    Shell, BP, Ithaca, GE Vernova book Valaris’ five rigs for oil & gas and offshore wind jobs Bermuda-incorporated offshore drilling contractor Valaris has divested one mobile offshore drilling unit (MODU) from its fleet and found multimillion-dollar assignments for five rigs within the oil and gas and offshore wind realms. The post Shell, BP, Ithaca, GE Vernova…

  • Rig on the move: Stena drillship sailing from US Gulf to Las Palmas ahead of Egyptian gig

    Rig on the move: Stena drillship sailing from US Gulf to Las Palmas ahead of Egyptian gig A 2012-built drillship, owned by Scotland-headquartered offshore drilling contractor Stena Drilling, has finished its drilling campaign in the U.S. Gulf and is on its way to Las Palmas before going to Egypt to undertake its next hydrocarbon exploration…

  • Valaris lands $140m drillship deal with BP

    Valaris lands $140m drillship deal with BP New York-listed offshore driller Valaris has won a contract for one of its drillships from a subsidiary of supermajor BP. The contract for the 2014-built Valaris DS-12 is for five wells with BP Exploration Delta Limited in Egypt. The deal is expected to commence in the second quarter…

  • BP hires Valaris’ 2013-built drillship for multi-well gig in Middle East

    BP hires Valaris’ 2013-built drillship for multi-well gig in Middle East Offshore drilling contractor Valaris has secured a new multimillion-dollar assignment for its 12-year-old drillship off the coast of Egypt with BP Exploration Delta, a subsidiary of the UK-headquartered energy giant BP. The post BP hires Valaris’ 2013-built drillship for multi-well gig in Middle East…

  • QatarEnergy widens its oil & gas exploration acreage by joining Shell’s block offshore Egypt

    QatarEnergy widens its oil & gas exploration acreage by joining Shell’s block offshore Egypt Qatar’s state-owned energy giant QatarEnergy has set the wheels in motion to get a stake in an exploration block off the coast of Egypt. The post QatarEnergy widens its oil & gas exploration acreage by joining Shell’s block offshore Egypt appeared…

  • Egypt, Japan set sights on green marine fuels and industrial cooperation

    Egypt, Japan set sights on green marine fuels and industrial cooperation The General Authority for the Suez Canal Economic Zone (SCZONE) has held talks with […] The post Egypt, Japan set sights on green marine fuels and industrial cooperation appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz

  • BP and Eni set their cap on stepping up Mediterranean oil & gas game

    BP and Eni set their cap on stepping up Mediterranean oil & gas game Two European energy giants, the UK-headquartered BP and Italy’s Eni, have signed on the dotted line to pursue hydrocarbon exploration activities in the Mediterranean Sea, which will lend Egypt a helping hand in augmenting the Middle Eastern country’s oil and gas…

  • ABL’s engineering arm gets job on next chapter of Shell’s deepwater gas field

    ABL’s engineering arm gets job on next chapter of Shell’s deepwater gas field Longitude Engineering, part of Oslo-listed energy, marine, and engineering consultancy ABL Group, has been hired to handle detailed engineering and project management services for a Shell-operated gas project in the West Delta Deep Marine (WDDM) concession off the coast of Egypt. The…

  • Jackup barge sinks in Gulf of Suez, four dead

    Jackup barge sinks in Gulf of Suez, four dead Four crew members died after a jackup barge owned by Saudi oil and gas driller ADES capsized on Tuesday evening, some 300 km south of the Suez Canal. Egyptian authorities said that the incident happened off Ras Ghareb, located on the African side of the Gulf…

  • Tragic incident in Gulf of Suez: Four dead, three missing as jack-up capsizes

    Tragic incident in Gulf of Suez: Four dead, three missing as jack-up capsizes ADES has disclosed a towing incident in Egypt’s Gulf of Suez, involving a jack-up barge unit owned by its subsidiary and operating within a key oil zone in Egyptian territorial waters. The post Tragic incident in Gulf of Suez: Four dead, three missing…

  • Suez Canal offers discount in bid to lure boxships back

    Suez Canal offers discount in bid to lure boxships back Egypt’s Suez Canal will offer a 15% discount for the next three months on transit fees for containerships of approximately 13,500 teu and above in terms of capacity, to encourage trade back, with recent headlines suggesting the Red Sea shipping crisis is coming to a close. The…

  • AD Ports strikes deal to set up logistics zone in Egypt

    AD Ports strikes deal to set up logistics zone in Egypt Abu Dhabi-based ports and logistics giant AD Ports Group has signed a 50-year concession deal with Egypt’s Suez Canal Economic Zone to set up a 20 sq km logistics and industrial zone east of Port Said on the Mediterranean Sea. Under the agreement, AD…

  • Trump calls for free passage of American ships through Suez and Panama canals

    Trump calls for free passage of American ships through Suez and Panama canals US president Donald Trump has called for free passage of American ships through two of the vital shipping waterways, the Panama and Suez canals. Trump said in a social media post on Saturday that American ships, both military and commercial, should be…

  • CMA CGM buys into Egyptian inland port

    CMA CGM buys into Egyptian inland port French shipping and logistics giant CMA CGM has agreed to buy a 35% stake in Egypt’s October Dry Port (ODP). Officially launched in November 2023, ODP is Egypt’s first dry port and the first public-private partnership project in the Egyptian transport sector under the EBRD Green Cities program.…

  • Captain of aircraft carrier involved in collision off Egypt dismissed

    Captain of aircraft carrier involved in collision off Egypt dismissed The US Navy has decided to relieve the commanding officer of the USS Truman – the nuclear-powered aircraft carrier that had a collision with a bulk carrier off Egypt last week. Captain Dave Snowden was relieved Thursday for “loss of confidence in his ability to…

  • Aphrodite rising as Chevron, Shell, NewMed and Cyprus give the go-ahead for tweaked gas development plan

    Aphrodite rising as Chevron, Shell, NewMed and Cyprus give the go-ahead for tweaked gas development plan Chevron and its partners, BG Cyprus (Shell) and NewMed Energy, have given their blessing, together with the government of Cyprus, for an updated development plan of an offshore gas field reservoir in Block 12 located in the Eastern Basin of…

  • Bulk carrier collides with American nuclear-powered aircraft carrier off Egypt

    Bulk carrier collides with American nuclear-powered aircraft carrier off Egypt The United States Navy announced on Thursday that an investigation was underway after the nuclear-powered USS Harry S Truman aircraft carrier was involved in a collision with a Panamanian-flagged bulk carrier in the Mediterranean Sea. The accident happened late on Wednesday night near Egypt’s Port…

  • All wells producing in Phase 10 of Egypt’s West Delta Deep Marine concession (Photos)

    All wells producing in Phase 10 of Egypt’s West Delta Deep Marine concession (Photos) Egyptian companies DeepTech, part of MCS Group, and Petroleum Marine Services (PMS) have brought […] The post All wells producing in Phase 10 of Egypt’s West Delta Deep Marine concession (Photos) appeared first on Offshore Energy. Nadja Skopljak Go to offshore…

  • ExxonMobil, QatarEnergy get drilling ops with Valaris rig underway as Cyprus and Egypt sow the seeds of energy bonds

    ExxonMobil, QatarEnergy get drilling ops with Valaris rig underway as Cyprus and Egypt sow the seeds of energy bonds ExxonMobil and QatarEnergy have fired the starting gun on drilling activities off the coast of Cyprus, using one of the drillships owned by Valaris. The post ExxonMobil, QatarEnergy get drilling ops with Valaris rig underway as…

  • Offshore Energy’s top five hydrogen stories of 2024

    Offshore Energy’s top five hydrogen stories of 2024 Hydrogen is considered one of the key components of global decarbonization, with countries setting ambitious capacity and demand targets. In 2024, governments and companies worldwide increased their investments and announced new partnerships and projects, recognizing hydrogen’s potential to decarbonize hard-to-abate sectors and provide a sustainable energy source.…

  • BP and ADNOC’s XRG bring new gas player into existence

    BP and ADNOC’s XRG bring new gas player into existence BP and ADNOC, through its recently established investment arm, XRG, have given birth to Arcius Energy, a new regional gas platform, with an initial focus on the development of gas assets in Egypt. The post BP and ADNOC’s XRG bring new gas player into existence…

  • Egypt reveals $6bn revenue hit as Houthis vow to up campaign against shipping

    The Houthis vowed Sunday to keep up their attacks on merchant shipping likely to the consternation of politicians further north along the Red Sea in Egypt.  Egypt’s foreign minister Badr Abdel Aati revealed in discussions with International Maritime Organization secretary-general Arsenio Dominguez on Friday that the Egyptian economy has taken a $6bn hit from the…