Latest in Energy Highlight
Latest in Energy
The government is taking its partner’s share, about $50m per month, and does not pay all of it, claims a source
The modification to the exchange rate is the main reason for the increase in electricity prices
Three Chinese banks will finance the project, says Shanghai Electric Egypt director
Indicators for the second well revealed larger reserves; six wells to be drilled in total at a cost of $100m each
The solar plane has left Seville in Spain. Its next stop is Cairo, on a flight that is expected to take 50 hours. From Cairo, there will be only one more leg to Dubai – then the sun-powered world tour will be completed.
As EU and US negotiators have begun a new round of talks on the TTIP free trade pact, Greenpeace has published leaked documents, saying they would show Germany’s drive toward renewable energy is in ‘mortal danger.’
Prices to be approved and applied mid-month
The company is also seeking to implement a similar power plant in Aswan
AEDCO, Egemac, and Grid Solutions are the most prominent contenders for the transformers tender
An oil pipeline belonging to the Italian oil company Agip came under several attacks in Nigeria’s oil-rich Bayelsa state. On Friday, the oil militants, the Niger Delta Avengers, claimed responsibility for the attacks.
The global drop in oil prices has led to a decline in Egypt’s export proceeds by $3.7bn during the first nine months of fiscal year (FY) 2015/2016, according to the Central Bank of Egypt (CBE). In its balance of payments (BOP) report issued on Sunday, the CBE revealed that commodity exports have reached $13.4bn from …
Payment of cost-sharing third instalment postponed until completion of contract with the consultant
Germany’s decision a few years ago to phase out nuclear power was an abrupt move. But it still remains unclear who foots the bill for shutting down the nation’s nuclear plants, as utilities seek damages from the state.
The cost-sharing agreement includes linking solar power plants with the national electricity grid, as well as the infrastructure of Banban area in Aswan.
Two additional shipments will be imported monthly during H2 of 2016, says El Molla
The ministry will announce its final position within two weeks, say sources
Increasing the quantity of gas imports will meet the demands for economic development, says Petroleum Minister El-Molla
Brent hike moves Aramco bill to $350m this month
Ministry of Electricity and Energy awaits cabinet’s approval to conclude signing of agreement to carry out first phase of project within two months
Safbon is planning to establish drinking water desalination and waste recycling plants in Kafr El-Sheikh, Fayoum, and Cairo
The solar-powered Solar Impulse aircraft is preparing for a landing in Spain after crossing the Atlantic Ocean. It is the latest stage in the record-setting, round-the-world, fuel-free voyage.
Shell reduces number of new wells to 19 wells to develop gas production, 10 wells to inject water into, and 4 wells to explore for gas
MoUs signed during Al-Sisi’s visit to Japan to be activated within five months
Ministry of Electricity and Renewable Energy plans to produce 300 MW from the small solar power plants in the first phase—via the feed-in tariff system—and 1,000 in the second phase
Visionary electric carmaker Tesla has announced it is aiming to buy US solar panel producer SolarCity with a view to creating a powerful clean-energy unit under one roof. Shareholders were divided over the takeover bid.
Early production will bring up to 300m cubic feet per day starting 2018
The solar-powered plane took off on the last ocean crossing leg of its round-the-world flight from New York early on Monday. If things go according to plan, it should arrive in Sevilla, Spain, on Friday.
Egypt is still mired in an expensive and time consuming arbitration with UFG for providing natural gas to the domestic market.
Spanish renewable energy group Gamesa has agreed combine its wind power business with those of Germany’s Siemens in a deal that will create one of the world’s largest makers of wind turbines.
The oil price is unlikely to rise much further, as inventories stay large and the market remains oversupplied – despite steady demand growth and production disruptions like wildfires in Canada.