Egypt was one of the first countries that began drilling early in 1885, and this has shaped the economic development and future of the country ever since. Recent discoveries in Egypt’s gas industry have enhanced the growth of the energy sector, captivating strong interest from oil companies on a national and international level.
Following the sanction of the Peregrino phase 2 project in December, Statoil together with its partner Sinochem submitted the Plan of Development (PoD) to the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in Rio de Janeiro on 30 January.
Gas gathering and transmission companies have until now taken on the cost of external consultants or specialized in-house expertise for multiphase network analyses. With DNV GL’s new Multiphase Module in Synergi Gas software, users can take full control of their analyses.
The first worldwide meeting, Red Sea Oil & Gas Summit will inaugurate next week at the Meydan Hotel in Dubai, on 23rd-24th February with the Chairman of Ganoub El-Wadi Petroleum Holding Company Egypt (Ganope) being the latest addition to the outstanding speaking faculty.
On February 2, 2015 the Tarrant County Court, Texas, USA located in Fort Worth passed a judgement to dismiss the litigation involving a claim worth over USD 1.38 billion filed by Moncrief Oil International against Gazprom, Gazprom Export, Gazprom Marketing & Trading USA and other defendants with no right of refiling the same claim.
Asia Pacific (Apac) countries present enormous opportunities for oil and gas companies, with some oil leaders recently announcing further expenditure for hydrocarbon production development as the region’s energy market has the highest contribution to the global energy demand. In order to produce hydrocarbons in this region, oil and gas companies must address its particular security challenges.
Statoil and its licence partners have chosen an unmanned wellhead platform as the concept for the Oseberg Future development phase I project in the North Sea. The platform will be controlled from the Oseberg field centre.
JSOC Bashneft has announced the results of the latest independent audit of hydrocarbon reserves conducted by Miller and Lents, Ltd. in accordance with the PRMS classification (Petroleum Resources Management System).