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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. 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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US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

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Flows through the Strait in 2011 were roughly 35 percent of all seaborne traded oil, or almost 20 percent of oil traded worldwide. ”. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. million bbl/d was crude oil. million bbl/d in 2009-2010. —US EIA.

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The Suez chokepoint

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The US Energy Information Administration recently updated its brief on world oil transit chokepoints—one of which is Egypt’s Suez Canal. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits, the agency notes. million bbl/d of crude oil in 2007 to 1.1

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Nearly 20% of intact tropical forest landscapes overlap with extractive industries

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A new study from WCS (Wildlife Conservation Society) and WWF finds that nearly 20% of tropical Intact Forest Landscapes (IFLs) overlap with concessions for extractive industries such as mining, oil and gas. The total area of overlap is 376,449 square miles (975,000 square kilometers), about the size of Egypt. Grantham et al.

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Pharos Marine Plans Dual Fuel Hydrogen-Diesel Super Yacht

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Egypt-based Pharos Marine unveiled plans for a 60-meter dual-fuel hydrogen-diesel electric superyacht, the Orcageno. The propulsion system uses a generator driven by a hydrogen-diesel internal combustion engine which can be operated by either hydrogen or diesel oil to provide power for the Azipod units. Superyachttimes.com.

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Technip, EGPC and ASORC agreement for $1.5B modernization of Egypt’s Assiut Refinery; maximizing diesel

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Technip Italy SpA announced the finalization of a joint agreement with Egyptian General Petroleum Corporation (EGPC) and Assiut Oil Refining Company (ASORC) for the $1.5-billion billion modernization project of the Assiut refinery, Upper Egypt.

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BP and Maersk collaborating to develop next-generation offshore drilling rigs for Project 20K

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BP and Maersk Drilling will collaborate to develop conceptual engineering designs for a new breed of advanced technology offshore drilling rigs that will unlock the next frontier of deepwater oil and gas resources. BP also sees potential applications for the technology in Egypt, Azerbaijan and other deepwater basins around the world.