QatarEnergy enters Egypt’s Red Sea via Shell deal
QatarEnergy (QE) has struck a deal to enter Egypt’s upstream through a deal with Shell.
Red Sea
Traffic jammed at Suez as carrier runs aground
The MT Ever Given container ship has become wedged into the wall of the Suez Canal, blocking the waterway.
U.S. labels Houthis terrorists after attacks on oil tankers
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.
Total to explore Herodotus Basin
A group led by Total has signed up to explore an offshore block in Egypt’s Herodotus Basin, in the Mediterranean Sea.
ACWA Power signs major Red Sea renewable deal
The Red Sea Development Co. (TRSDC) has contracted ACWA Power to provide renewable energy to the tourist site.
Gravity survey planned for Egypt in 2020
TGS and AustinBridgeporth will begin acquiring an airborne gravity survey in Egypt in the first quarter of 2020.
Tanker prices spike as sanctions bite
Tanker prices have rocketed over the last week, driven by US sanctions on various Chinese shippers, principally COSCO Dalian.
TGS, Schlumberger bring Red Sea into focus
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 wins Saudi Aramco seismic work
Magseis has been awarded a contract for Saudi Aramco’s S78 project for seismic acquisition in the Red Sea.