El Jadida News

 

Esgian Week 29 Report: New Drilling Plans in Guyana and Norway

Jul 21, 2024

Esgian provides an update on new drilling plans in Guyana and Norway in its Week 29 Rig Analytics Market Roundup.Report SummaryContractsADES has secured a 10-year contract extension for 250-ft jackup Admarine 657 offshore Saudi Arabia, commencing…

MDL Opens Paris Office

Jul 09, 2024

Maritime Developments Ltd (MDL) has expanded its European footprint with the opening of a new office, in Paris.Heading the new office is El Hadji Gano, who joined the company as Key Account Manager - Europe. El Hadji brings with him over 16 years of experience in winch and lifting solutions…

Norway’s Seismic Firms TGS and PGS Complete Merger

Jul 02, 2024

Norway-based seismic firms TGS and PGS have officially completed their merger, creating a ‘premier’ energy data company.After clearing all regulatory hurdles for the merger, the most recent of which was the approval from the UK Competition and Markets Authority…

Egypt to Issue Tender for at Least 15 LNG Cargoes to Cover Summer Demand

Jun 07, 2024

Egypt plans to issue a buy tender seeking 15-20 cargoes of liquefied natural gas (LNG) to cover heavy summer demand that had led to a wave of rolling blackouts and forced temporary shutdowns of chemical and fertilizers plants, four industry sources told Reuters…

Morocco to Tender for Floating LNG Terminal

Jun 03, 2024

Morocco plans to launch a tender this summer to build a floating liquefied natural gas (LNG) terminal in the northeastern Nador West Med port, the energy ministry's head of oil and gas said on Friday.The ministry expects to reach financial close in 2025 with construction…

OPEC+ to Consider Extending Voluntary Oil Output Cuts

Feb 27, 2024

OPEC+ will consider extending voluntary oil output cuts into the second quarter, three OPEC+ sources told Reuters, to provide additional support for the market, and could keep them in place until the end of the year, according to two of them…

Red Sea Disruption to Impact Deliveries, Not Output, QatarEnergy CEO Says

Feb 19, 2024

Disruption to shipping in the Red Sea region will impact QatarEnergy's deliveries of liquefied natural gas (LNG) but not its production, CEO Saad al-Kaabi said on Monday.'It's only going to take longer to get it there. But it will not reach…

Esgian Week 7 Report: Earnings Season Starts

Feb 18, 2024

Esgian has released its Week 7 Rig Analytics Market Roundup saying “The earnings season for offshore drilling contractors is officially open following Odfjell Drilling's quarterly report on Thursday. Additionally, new contract awards have been confirmed for Borr Drilling…

ADNOC and BP to Form Gas Joint Venture in Egypt

Feb 14, 2024

BP and Abu Dhabi National Oil Company (ADNOC) have made an agreement to form a new joint venture (JV) that will focus initially on development of gas interests in Egypt.The JV (51% BP and 49% ADNOC) will combine the pair’s deep technical capabilities…

PGS Expands Seismic Survey in Egypt’s West Mediterranean

Jan 18, 2024

Norwegian offshore seismic survey firm PGS has started acquiring data on the EGY24 Nefertiti survey using the Ramform Hyperion vessel.The 3D GeoStreamer survey is the latest in a series of PGS surveys offshore Egypt, expected to enable better…

QatarEnergy Stops Red Sea LNG Shipping Due to Attacks

Jan 15, 2024

QatarEnergy, the world's second largest exporter of liquefied natural gas, has stopped sending tankers via the Red Sea although production continues, a senior source with direct knowledge of the matter told Reuters on Monday.Yemen's Iran-backed…

Shell Strikes Gas Offshore Egypt

Nov 22, 2023

Shell Egypt said Tuesday it had completed the drilling of the first well in its three-well exploration campaign, Mina West, located in the North East El-Amriya block, in the Mediterranean Sea, discovering a gas bearing reservoir. Drilling activities…

Mideast Conflict Dims Prospect of More Egyptian LNG Exports to Europe

Nov 09, 2023

The prospect of the EU receiving more liquefied natural gas (LNG) from Egypt in the short and medium term looks unachievable due to tight gas balances and reduced imports from Israel, Oxford Institute of Energy Studies (OIES) said.Egypt shipped…

Sinopec Signs 27-Year LNG Supply Deal

Nov 05, 2023

State-owned Chinese firm Sinopec signed a new 27-year LNG supply and purchase agreement with QatarEnergy, the two companies said on Saturday.Under the agreement, the two companies will cooperate on the second phase of the Gulf Arab state's North Field expansion project…

Israeli Gas Exports to Egypt Resume But in Small Quantities

Nov 03, 2023

Israeli natural gas exports to Egypt have resumed after a disruption last weekend but in small volumes, an official in Egypt's petroleum ministry said on Thursday, without specifying the current flow.Three people with knowledge of the matter also told Reuters on Tuesday the flow had resumed…

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Fugro Lands Deepwater Gas Job

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