The U.S. has classified Yemen’s Houthis as a foreign terrorist organization following a series of attacks on oil tankers in the Red Sea and as Washington seeks to increase pressure on Iran in the final days of Donald Trump’s presidency.
A group led by Total has signed up to explore an offshore block in Egypt’s Herodotus Basin, in the Mediterranean Sea.
The Red Sea Development Co. (TRSDC) has contracted ACWA Power to provide renewable energy to the tourist site.
TGS and AustinBridgeporth will begin acquiring an airborne gravity survey in Egypt in the first quarter of 2020.
Tanker prices have rocketed over the last week, driven by US sanctions on various Chinese shippers, principally COSCO Dalian.
TGS and Schlumberger’s WesternGeco are close to finishing 3D seismic reimaging on Egypt’s Red Sea, as a licence round comes to a close in the area. The two companies said the work would cover data from three seismic surveys, covering 3,600 square km, which were acquired between 1999 and 2008.
Magseis has been awarded a contract for Saudi Aramco’s S78 project for seismic acquisition in the Red Sea.