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  <copyright>(c) 1996-2013 AME Info FZ LLC / 4C. All rights reserved.</copyright>
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    <title>Saipem awards Oceaneering Egypt offshore deal</title>
    <link>http://www.ameinfo.com/saipem-awards-oceaneering-egypt-offshore-deal-342541</link>
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    <pubDate>Wed, 22 May 2013 02:55:23 +0400</pubDate>
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        Italian oil and gas industry contractor Saipem has awarded Oceaneering International the contract to supply umbilicals for the Burullus West Delta Deep Marine Phase IXa development located offshore Egypt. The order includes 10 subsea production control umbilicals totalling approximately 84km in length and two electrical power cables totalling around 55km in length. The project is set to be completed in the third quarter of 2014.
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    <title>Aramco selects L&amp;T for Midyan gas deal</title>
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    <pubDate>Wed, 22 May 2013 02:55:05 +0400</pubDate>
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        Saudi Aramco has awarded Larsen & Toubro (L&T) a contract to build facilities including a gas processing plant for its Midyan gas field, Reuters has reported. Under the contract, L&T is to build a plant with a processing capacity of 75 million standard cubic feet per day (scfd) of non-associated gas and 4,500 barrels of condensate per day, said the executive director of project management at Aramco, Fahad al-Helal. The project is due to be online mid-2016.
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    <title>Chevron close to offloading downstream assets in Egypt </title>
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    <pubDate>Wed, 22 May 2013 02:54:06 +0400</pubDate>
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        Chevron Corp is in advanced talks to sell its downstream assets in Egypt and Pakistan, with the planned disposals seen raising around $300m for the US energy firm, Reuters has reported. The energy firm has received at least three non-binding bids for the assets from interested parties, which include regional and international energy companies, one of the sources said, declining to provide details of the bidders. "They are small assets but are profitable and gaining a lot of interest in the auction process,” the source said. “There are lots of buyers for whom owning these businesses makes perfect sense."
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    <title>Aramco seeking bids for Jazan power plant</title>
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    <pubDate>Wed, 22 May 2013 02:53:45 +0400</pubDate>
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        Saudi Aramco is seeking bids for the construction of a 2,400 megawatt (MW) power plant in Jazan, near a 400,000 barrel-per-day oil refinery which it is currently building, Reuters has reported, citing two industry sources. The plant will use integrated gasification combined cycle (IGCC) technology to convert vacuum residue fuel from the refinery into a synthetic gas, the oil company said in a description of the project distributed at a signing ceremony for the refinery, which is due to come on line in 2016. Bids are invited by mid-August and the gas produced is expected to help power Saudi Arabia’s west coast cities.
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    <title>Egypt, KSA to sign joint power line deal</title>
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    <pubDate>Tue, 21 May 2013 02:48:03 +0400</pubDate>
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        Egyptian electricity and energy minister Ahmed Imam is expected to sign an agreement with his Saudi counterpart for the construction of an electrical power line between the two countries, Daily News Egypt has reported. The total cost of the project is set to reach $1.6bn, with each side to bear the cost of construction on its own side of the border, which for Egypt is estimated at $600m. The line is expected to transport upwards of 3,000 megawatts of energy per day. The minister said all consulting, reviewing and planning aspects of the project have already been conducted and completed, including maritime survey operations, the demarcation of the Red Sea floor, and the identification of accurate geographic coordinates.
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