Tag: Egypt

Alstom bags €876m contract from Egypt’s NAT for Cairo Line 1 upgrades

businessnewstoday- November 9, 2021 0

French rolling stock manufacturer Alstom has bagged a contract worth €876 million for the upgrade of Cairo Metro Line 1 from Egypt’s National Authority for ... Read More

Clinical AI technology company Mendel secures $18m in Series A funding

Soujanya Ravi- June 22, 2021 0

Mendel, a California-based clinical AI technology company, has secured $18 million in a Series A funding round led by global venture capital firm DCM. The ... Read More

Bank Audi sal to sell Egyptian subsidiary to First Abu Dhabi Bank

Soujanya Ravi- January 21, 2021 0

Lebanon-based Bank Audi sal has agreed to divest its Egyptian subsidiary - Bank Audi sae to UAE-based First Abu Dhabi Bank (FAB) for an undisclosed ... Read More

Gulf of Suez 1 wind project : Vestas bags contract from NREA

Soujanya Ravi- October 1, 2020 0

Vestas has bagged an engineering, procurement and construction (EPC) contract and turbine supply order for the 252MW Gulf of Suez 1 wind project in Gulf ... Read More

Eni, BP make new gas discovery in Great Nooros Area in Egyptian waters

oilandgasnews365- September 18, 2020 0

Italian oil and gas giant and BP have made a new gas discovery in the Great Nooros Area in the Mediterranean Sea in Egypt through ... Read More

North West El Amal block : Neptune Energy completes OBN multiclient survey

oilandgasnews365- May 10, 2020 0

Neptune Energy has wrapped up an ocean bottom nodes (OBN) multiclient survey in the North West El Amal block in Egyptian waters, which it says ... Read More

United Oil and Gas wraps up acquisition of Rockhopper Egypt

oilandgasnews365- February 29, 2020 0

United Oil and Gas has completed its previously announced $16 million acquisition of Rockhopper Egypt from Rockhopper Exploration to enter into the producing Abu Sennan ... Read More

South Disouq gas block : SDX Energy begins drilling of Salah well

oilandgasnews365- February 16, 2020 0

UK-based SDX Energy has started drilling of the SD-6X well (Salah well) at the onshore South Disouq gas block in the Nile Delta in Egypt. ... Read More

EBRD offers $50m loan to upgrade SOPC oil refinery in Egypt

Soujanya Ravi- January 3, 2020 0

The European Bank for Reconstruction and Development (EBRD) is providing support to Egypt’s greener oil and gas sector with a $50 million loan to upgrade ... Read More

West Bakr Wind project : Lekela reaches financial close on Egyptian wind farm

Soujanya Ravi- August 18, 2019 0

Lekela Power, a Dutch renewable energy producer, has achieved financial close on the 250MW West Bakr Wind project, the company’s first wind project in Egypt, ... Read More