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BP Egypt announces significant gas discovery in deepwater Nile Delta

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BP Egypt announced a “significant” gas discovery in the East Nile Delta. The wireline logs, fluid samples and pressure data confirmed the presence of gas and condensate in 38m (125 feet) net of Oligocene sands in Salamat. BP production and exploration in Egypt. —Mike Daly, Executive Vice President Exploration at BP.

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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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