Total announces final agreements for the Lake Albert project, which includes the EACOP cross-border pipeline.
Engineering and procurement expertise will enhance operational efficiency and pipeline management capabilities.
The commercial banks have both declared they will not provide financing for the construction of the world’s biggest heated crude oil pipeline, proposed by French oil company Total and the CNOOC.
Middle East and Africa’s oil and gas industry saw a rise of 6.45% in cross border deal activity in 4Q20.
TechnipFMC awarded a significant integrated EPCI contract for the development of North El Amriya and North Idku.
Turboden, together with Siemens Energy, starts the development of a ‘first of its kind’ high efficient gas compressor station at GASCO in Dahshour, Egypt.
The report states that the global oil and gas security and service market is expected to increase in size by a CAGR of 5.2% by 2025.