ExxonMobil Egypt signs MoU with Sawiris Foundation’s Bab Amal Program
Believing in the importance of investing in the community; ExxonMobil Egypt signs MoU with Sawiris Foundation’s Bab Amal Program. ExxonMobil Egypt announced signing a memorandum of understanding with Sawiris Foundation for Social Development (SFSD) to join its program “Bab Amal”, implemented by Giving Without Limits Association in Assiut, aiming to empower participating families, from the most deprived villages. […]
WEG to exhibit at Egypt Petroleum Show EGYPS 2023
Global motor and drive manufacturer, WEG will exhibit at the Egypt Petroleum Show (EGYPS) held at the Egypt International Exhibition Centre on 13 to 15 February, 2023. Exhibiting from stand 1F48, WEG will demonstrate its range of drives, soft starters and motors, including hazardous area motors. As WEG’s first ever trade exhibition in Egypt, WEG […]
Stena Drilling signs contract with Shell to drill 3 wells offshore Egypt
NEW CONTRACT IN EGYPT FOR STENA FORTH: STENA DRILLING IS PLEASED TO ANNOUNCE THAT WE HAVE SIGNED A NEW CONTRACT WITH BG DELTA LIMITED & BG INTERNATIONAL LIMITED SUBSIDIARIES OF SHELL PLC (SHELL) FOR THE MOBILE OFFSHORE DRILLING UNIT (MODU) STENA FORTH. The operations for Stena Forth in Egypt are due to commence in 2023 upon completion of existing […]
Eni announces New Gas Discovery in Eastern Mediterranean Sea, offshore Egypt
Eni announces a significant new gas discovery at the Nargis-1 exploration well located in Nargis Offshore Area Concession, in the Eastern Mediterranean Sea, offshore Egypt. The Nargis-1 well has encountered approximately 200 net feet (61 m) of Miocene and Oligocene gas bearing sandstones and was drilled in 1,014 feet (309 m) of water by the […]
Wintershall Dea makes new Natural Gas Discovery in East Damanhour Block
Wintershall Dea announced that it, along with its partners, has made a new natural gas discovery in the East Damanhour exploration block in the onshore Nile Delta. It said that the licensees, operator Wintershall Dea (40%) and partners Cheiron Energy (40%) and INA (20%), as well as the Egyptian Gas Holding Company (EGAS) will assess […]
ExxonMobil secures exploration rights to two blocks, Masry & Cairo, offshore Egypt
ExxonMobil Secures Exploration Acreage Offshore Egypt: ExxonMobil said today it has secured exploration rights to two blocks, Masry and Cairo, offshore Egypt. The blocks are located in the outer Nile Delta and cover more than 11,000 square kilometers. The awards are subject to governmental approval of the concession agreements covering the blocks, and their signature […]
Eni shoots for stars with 11 Tcf probe offshore Egypt – Upstream Online
Well targets huge Thuraya prospect – named after Pleiades constellation – in block that may host extension of Chevron’s Nargis discovery. Italian major Eni could be weeks away from unveiling another massive new gas discovery offshore Egypt, although it is too early to know for sure. If the Thuraya-1 probe meets expectations, its gas would […]
Egypt launches new bid round for oil & gas exploration in Mediterranean, Nile Delta
Egypt has set a new international tender for oil and gas exploration rights in the Nile Delta and Mediterranean sea, the state news agency reported on Tuesday. The tender was set for 12 blocks, split evenly between onshore and offshore, and the deadline for offers in the bid round was set for April 30, 2023, […]
B Investments sells its entire stake in TotalEnergies Egypt to Adnoc
B Investments exits TotalEnergies Egypt: BPE Partners’ B Investments has agreed to sell its entire 6.38% stake in TotalEnergies Egypt to TotalEnergies Marketing Afique (TEMA) for USD 27.6 mn, the company said in a statement. This came alongside a separate BPE Partners-backed vehicle’s exit of its 9% stake to TEMA for USD 39 mn, handing TEMA […]
TCI Sanmar launches Fourth GRI Sustainability Report entitled “Road to Green Production”
In accordance with the Global Reporting Initiative Standards and in alignment with the United Nations’ Sustainable Development Goals; TCI Sanmar launches the Fourth GRI Sustainability Report entitled “Road to Green Production” ● Jayaraman: This year marked a significant milestone for TCI Sanmar to overcome challenging times and develop customized and innovative products and technologies to […]
