Egypt and Saudi Arabia have again postponed awarding the tender for the electricity grid between the two countries, despite assurances from the joint committee of its willingness to sign the final contracts for the project at the end of this month...
Government sources told Daily News Egypt that the companies competing for the tender of the electric connection project with Saudi Arabia did not give a specific date for discussions or price negotiations after submission of financial proposals for the project, and the result has been postponed for an indefinite period.
Four international companies offered their technical and financial offers to implement the lines and transformers of the electricity interconnection project with Saudi Arabia, including Siemens, ABB, State Grid, and Alstom. Companies have long been waiting for the tender to start implementation...
The project would make a great contribution to peace and stability in the region, thanks to the United States and the European Union for their support to the project.
Turkish President Recep Tayyip Erdogan and Azerbaijani President Ilham Aliyev inaugurated the Trans-Anatolian Natural Gas Pipeline (TANAP) project on June 12, 2018 in Eskisehir city, central Turkey.
With the Trans-Anatolian Natural Gas Pipeline Project, Turkey and Azerbaijan are extending the success of their previous projects in the energy sector. Building the bonds of unity in the modern world with the promise of “One nation, two states”, and bonding the countries together with a mission of great importance, the huge TANAP Project will establish a voice in the world energy markets. Aimed to meet Europe’s and Turkey’s natural gas needs, as well offering diversity in gas products. Previous investments signed by the two brotherly countries in the energy field include the Baku-Tbilisi-Ceyhan Oil Pipeline and the Baku-Tbilisi-Erzurum Natural Gas Pipeline Project will accelerate strategic business units, while the TANAP project will continue to expand...
SHEIKHUPURA: The new White Oil Pipeline (WOP) will be completed by the first quarter of 2019, which will help strengthen the company’s supply chain process, said Shell Pakistan Limited Managing Director Jawwad Cheema.
Once completed, the pipeline will have a capacity of 12 million tons of transporting oil from the port city to Machike, a hub of oil depots situated in central Punjab.
He further said that the company has decided to make significant investments of Rs5.5 billion besides this project.
“SPL is the largest private shareholder of the multi-grade conversion WOP and the project is the need of the hour for the country’s growing oil demands besides improving the safety standards of oil supply chain,” Cheema said in an inaugural ceremony of inducting 100 new state-of-the-art oil tankers in the company’s fleet at Shell terminal Machike, Sheikhupura on Saturday...
The Ministry of Petroleum signed a final agreement to sell 10% of Zohr concession areas to the UAE’s Mubadala Oil Company, according to a statement from the ministry on Wednesday.
The ministry said it has signed a contract with the Italian company Eni and Mubadala and the Egyptian Natural Gas Holding Company (EGAS) to sell 10% of the concession area that includes Zohr field.
The transaction is valued at approximately $934m, next to a signing grant worth $94m.
In March, the Italian company Eni announced the sale of a new stake of 10% of Shorouk concession, where Zohr, the largest natural gas field in the Mediterranean, is located...
Huawei showcased its 4.5G-based, 5G-oriented eLTE-DSA Solution at the 15th Moscow International Oil and Gas Exhibition (MIOGE), which leverages wireless narrowband discrete spectrum aggregation (DSA) technology to help the oil and gas industry build an energy Internet of Things (IoT).
For the oil and gas industry, wireless eLTE technology has become an effective means of communication to support real-time monitoring and mobile inspection of systems and devices, especially in remote and dangerous areas. The new eLTE-DSA solution overcomes the challenge of insufficient continuous dedicated spectrum resources around the world by using 4.5G technology to aggregate traditional VHF/UHF narrowband discrete spectrum into broadband spectrum resources.
The solution supports a minimum latency of 20 milliseconds and mass connections of 4,000 users per cell to enable IoT technologies within the oil and gas industry. This will help oil and gas enterprises drive operational efficiency, seamlessly add new services and help customers achieve energy savings...