EGPC

Minerva Bunkering Launches Service in the Suez Canal and Egyptian Ports

Retrieved on: 
Wednesday, May 31, 2023
Ministry of Petroleum (Egypt), Suez Canal, Multimedia, Transport, Mercuria, Ministry, EGPC, Suez Canal Authority, Fuel oil, Canal, Ain Sokhna, Petroleum, Mediterranean Sea

Minerva is licensed to operate in Suez Canal waiting anchorages and 12 Egyptian ports, including East and West Port Said, Alexandria, Damietta, Suez, and Sokhna.

Key Points: 
  • Minerva is licensed to operate in Suez Canal waiting anchorages and 12 Egyptian ports, including East and West Port Said, Alexandria, Damietta, Suez, and Sokhna.
  • "With more than 23,000 vessels transiting the Suez Canal each year and significant additional vessel traffic calling domestic ports, Egypt represents one of the world's most strategic maritime markets.
  • The new bunkering service has been developed in close cooperation with the Ministry of Petroleum, Suez Canal Authority, Suez Canal Economic Zone, EGPC, Ministry of Transportation, and all relevant port authorities.
  • Minerva Bunkering is the largest physical supplier of marine fuels and related solutions, serving ships calling over 150 ports.

TAG Oil Announces Senior Leadership Appointments for its Egypt Operations

Retrieved on: 
Tuesday, May 30, 2023
Mobil, Maintenance, Bachelor, University, Director general, Mechanical engineering, Record, Khaledah, University of North Carolina at Charlotte, Petroleum engineering, Suez Canal University, EDC, Production, TAG Oil, Bankers Petroleum, Engineering, EGPC, Schneider Electric, CFO, MD, Institute of Certified Management Accountants, German University in Cairo, Technical, Commerce, Management, Petrojet SC

Mr. Rezk is the current country manager and has been instrumental in setting up TPEL's Egypt branch over the last three years.

Key Points: 
  • Mr. Rezk is the current country manager and has been instrumental in setting up TPEL's Egypt branch over the last three years.
  • Mr. Rezk has over 24 years of oil and gas industry experience working with international energy companies with head offices based overseas and is instrumental in aligning corporate office personnel with Egypt based operations.
  • Mr. Rezk served as VP of Finance, and then CFO, of Scimitar Production Egypt from June 2006 until he joined TAG Oil in 2020.
  • Toby Pierce, CEO of TAG Oil, commented, "As our operations progress in Egypt, I am excited that Mr. Rezk, Mr. Abady, and Mr. Baxter will form the backbone of TAG Oil's management team in Egypt.

TAG Oil Provides Operations Update

Retrieved on: 
Thursday, March 30, 2023
TAG Oil, ARF, T100, Perforation, BED, EGPC, Water, Fracture, Satellite navigation device, Natural gas

VANCOUVER, BC, March 30, 2023 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) ("TAG Oil" or the "Company") is pleased to report that re-entry and installation of the completion string at the BED 1-7 well has been successfully completed.

Key Points: 
  • VANCOUVER, BC, March 30, 2023 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) ("TAG Oil" or the "Company") is pleased to report that re-entry and installation of the completion string at the BED 1-7 well has been successfully completed.
  • Indications of reservoir pressure and oil content were evident during completion activities with samples of ARF oil recovered to surface and high pressures in the formation identified to be close to original reservoir pressures.
  • TAG Oil anticipates completion of the T100 in Q3 2023 and bringing the well on stabilized production in Q4 2023.
  • I would like to thank our team, our Egyptian partners, and EGPC for their hard work to get us to this point."

Mitsubishi Power Signs Decarbonization Agreement for Hydrogen Fuel Conversion with Leading Egyptian O&G Refinery ANRPC

Retrieved on: 
Thursday, June 16, 2022
Solution, COP27, Chief executive officer, Carbon, O&G, Mitsubishi Power Systems Europe, United Arab Emirates, Artificial intelligence, CEO, MHI, Plant, Mitsubishi Heavy Industries, Hydrogen, Engineering, CO2, Natural gas, EGPC, United Kingdom, CO, Machine learning, Goal, Renewable energy, Coal

Alexandria, Egypt /Duisburg, Germany, June 16, 2022 - (JCN Newswire) - Mitsubishi Power, a power brand of Mitsubishi Heavy Industries Ltd. (MHI) signed a full turnkey contract with leading Egyptian O&G Company Alexandria National Refining & Petrochemicals Company (ANRPC) to provide advanced hydrogen fuel conversion technology solutions, supporting the company to achieve its decarbonization goals.

Key Points: 
  • Alexandria, Egypt /Duisburg, Germany, June 16, 2022 - (JCN Newswire) - Mitsubishi Power, a power brand of Mitsubishi Heavy Industries Ltd. (MHI) signed a full turnkey contract with leading Egyptian O&G Company Alexandria National Refining & Petrochemicals Company (ANRPC) to provide advanced hydrogen fuel conversion technology solutions, supporting the company to achieve its decarbonization goals.
  • Falk Hoffmeister, Head of Service at Mitsubishi Power Europe GmbH, said: "We are proud to partner with Egypt's leading O&G refinery ANRPC, providing them with our groundbreaking hydrogen fuel conversion technology solutions, which will enable ANRPC to lower its CO2 emissions.
  • Mitsubishi Power's hydrogen firing technology enables thermal power systems owners to decarbonize their existing plants with minimal modifications.
  • Mitsubishi Power designs, manufactures and maintains equipment and systems that drive decarbonization and ensures the delivery of reliable power.

APA Corporation Announces Ratification of Modernized Production Sharing Contract in Egypt

Retrieved on: 
Monday, December 27, 2021
United Kingdom, Securities Exchange Act of 1934, Nasdaq, Egyptian General Petroleum Corporation, PSC, MOP, U.S. Securities and Exchange Commission, EGPC, Security (finance), News, Sinopec, Atmosphere, Mobil, APA, APA Corporation, Water, Growth, Federal Lands Jobs and Energy Security Act, Economic development, Risk, Securities Act of 1933, Forward-looking statement, GLOBE, Monetization of U.S. in-kind food aid, ESG, Mineral, Renewable energy, Oil, Cryptocurrency, Risk management, Petroleum

HOUSTON, Dec. 27, 2021 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced the signing, by authority of Egyptian President H.E. Abdel Fattah El Sisi, of the previously announced agreement to modernize and consolidate the company’s current Production Sharing Contracts (PSCs) with Egypt’s Ministry of Petroleum and Mineral Resources (MOP) and the Egyptian General Petroleum Corporation (EGPC). The effective date of the final agreement is retroactive to April 1, 2021 and the agreement has been formally signed by the Minister of Petroleum and Mineral Resources H.E. Tarek El Molla, EGPC and the company.

Key Points: 
  • HOUSTON, Dec. 27, 2021 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced the signing, by authority of Egyptian President H.E.
  • The modernized PSC incentivizes increased investment and production growth and places Egypt at the top of many attractive investment opportunities in APAs global portfolio.
  • APA Corporation owns consolidated subsidiaries that explore for and produce oil and gas in the United States, Egypt and the United Kingdom and that explore for oil and gas offshore Suriname.
  • The APA-Sinopec Joint Venture is the Egypt joint venture owned two-thirds by Apache Corporation and one-third by Sinopec.

APA Corporation Announces Egyptian Parliament’s Approval of Modernized Production Sharing Contract

Retrieved on: 
Tuesday, November 30, 2021
Security (finance), News, Monetization of U.S. in-kind food aid, Parliament, Federal Lands Jobs and Energy Security Act, Risk, PSC, Forward-looking statement, MOP, Apače, ESG, History of the Egyptian parliament, U.S. Securities and Exchange Commission, Resource management, Sinopec, Mineral, Securities Exchange Act of 1934, Nasdaq, EGPC, GLOBE, United Kingdom, Â, Egyptian General Petroleum Corporation, Mobil, APA Corporation, APA, Securities Act of 1933, Risk management

HOUSTON, Nov. 30, 2021 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced the Egyptian Parliament has approved the previously announced agreement to modernize and consolidate its current Production Sharing Contracts (PSCs) with Egypts Ministry of Petroleum and Mineral Resources (MOP) and the Egyptian General Petroleum Corporation (EGPC).

Key Points: 
  • HOUSTON, Nov. 30, 2021 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced the Egyptian Parliament has approved the previously announced agreement to modernize and consolidate its current Production Sharing Contracts (PSCs) with Egypts Ministry of Petroleum and Mineral Resources (MOP) and the Egyptian General Petroleum Corporation (EGPC).
  • In anticipation of the approval, we had already increased our drilling rig count to 11 in 2021.
  • Upon final approval, our investment activity will continue to grow into 2022, returning Egypt to a growing production profile and helping to advance the countrys position as a regional energy hub.
  • Any forward-looking statement made by APA and/or its subsidiaries in this news release speaks only as of the date on which it is made.

Egypt Upstream Oil and Gas Fiscal and Regulatory Report 2021 - ResearchAndMarkets.com

Retrieved on: 
Thursday, August 12, 2021
Oil, Gas, Energy, Big Oil, Climate, BP, EGPC, EGAS, ENI, PSAS, Shell, Oil, Industry, ExxonMobil, Petroleum

The "Egypt Upstream (Oil and Gas) Fiscal and Regulatory Guide" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Egypt Upstream (Oil and Gas) Fiscal and Regulatory Guide" report has been added to ResearchAndMarkets.com's offering.
  • "Egypt Upstream (Oil and Gas) Fiscal and Regulatory Guide", presents the essential information relating to the terms which govern investment into Egypt's upstream oil and gas sector.
  • Considering political, economic and industry specific variables, the report also analyses future trends for Egypt's upstream oil and gas investment climate.
  • Egypt offers upstream acreage in the form of production sharing agreements (PSAs) and in some cases through service contracts.