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BP Egypt announces significant gas discovery in deepwater Nile Delta

Green Car Congress

BP Egypt announced a “significant” gas discovery in the East Nile Delta. BP production and exploration in Egypt. BP, with a history in Egypt stretching back 50 years, is one of the largest foreign investors in the country. The deepwater exploration well, named Salamat, is the deepest well yet drilled in the Nile Delta.

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IHS Markit identifies 5 billion barrels of oil equivalent in short-cycle opportunities outside North America

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New energy research from business information provider IHS Markit has identified more than five billion barrels of oil equivalent (BOE) in numerous smaller, previously bypassed, or underperforming reservoirs outside North America that offer oil and gas operators a shorter-cycle path to production than new, frontier projects in undeveloped areas.

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Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

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Territories that were largely desert in the middle of the 20th century are now thriving oil economies. Still in its infancy as a commercially viable fuel, hydrogen produced sustainably by using renewable energy to power the electrolysis of water can provide vast quantities of clean fuel. Many more will follow.

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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

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This geographically diverse group comprises Brazil and Mexico in the Americas; South Africa and Nigeria in Africa; Egypt and Turkey in North Africa/Mediterranean; Saudi Arabia and Iran in the Middle East; as well as Thailand and Indonesia in Asia. Forecasts Fuel Efficiency Fuels Market Background Oil' —Outlook.

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MIT study cautions smaller nations on rushing to develop their natural gas resources; Cyprus as model

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While natural gas is often cheaper than oil and gives off fewer emissions, developing the resource comes with risks, especially for smaller nations. The Levant Basin contains the activity closer to Cyprus, while the gas production offshore Egypt is a part of the Nile Delta Basin. —Sergey Paltsev. Click to enlarge. Background.

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