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Lekela

Construction officially starts at Lekela’s 250 MW West Bakr wind farm

Posted: October 16, 2019 at 3:33 pm   /   Renewables

Siemens Gamesa starts work on Lekela’s 250 MW West Bakr wind plant: Siemens Gamesa has begun building a 250 MW wind plant in West Bakr in the Gulf of Suez, which is expected to increase Egypt’s wind energy capacity by 18% once completed in 2021, operator Lekela Egypt said in a statement. The company will […]

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https://enterprise.press/stories/2019/10/13/karmsolar-signs-egp-230-mn-loan-agreement-with-banque-misr/

KarmSolar signs EGP 230 million loan agreement with Banque Misr

Posted: October 15, 2019 at 12:45 pm   /   Renewables

KarmSolar has signed a EGP 230 mn loan agreement with Banque Misr to build 24 MW solar power plants, CEO Ahmed Zahran told the local press. Zahran did not say how many plants the company will establish with the money. KarmSolar is also in talks with five local and international banks for a EGP 1 […]

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Tungsten Explorer

ADVantage to drill deepwater Nigma prospect offshore Egypt

Posted: October 14, 2019 at 4:30 pm   /   Oil & Gas

ADES International Holding has won an order to drill its second deepwater well in the Egyptian sector of the Mediterranean Sea. ADVantage, the joint venture between ADES and Vantage Drilling International, will drill the Nigma-1 well for an unnamed IOC, using the drillship Tungsten Explorer. The program is set to last 73 days. The contract […]

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wintershall-nova-field-development

Neptune acquires Edison’s North Sea assets from Energean in $250m deal

Posted: October 14, 2019 at 3:38 pm   /   Oil & Gas

UK operator inks conditional deal worth up to $280m for non-core E&P holdings with Energean. Energean to hive off Italian group’s Norwegian and UK projects once its purchase completed. Neptune Energy has entered into a conditional sale and purchase agreement with Energean to acquire Edison E&P’s UK and Norwegian producing, development and exploration assets for […]

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Wintershall Dea Brazil

Wintershall Dea wins two offshore blocks in Brazil’s 16th bidding round

Posted: October 13, 2019 at 1:41 pm   /   Oil & Gas

Wintershall Dea was awarded offshore blocks S-M-766 and C-M-845 in Santos and Campos basins. The company is further strengthening its exploration portfolio in Brazil. In Brazil’s 16th Bidding Round for oil and gas exploration blocks, Wintershall Dea was awarded two offshore blocks in the Santos and Campos basins with its partners Chevron and Repsol. Hugo […]

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shell-moc

Shell announces participation in MOC 2019 as Platinum Sponsor

Posted: October 11, 2019 at 3:30 pm   /   Oil & Gas

Under The Patronage of H.E Eng Tarek El Molla, Minister of Petroleum and Mineral Resources: Shell Egypt is the 10th Mediterranean offshore Conference and Exhibition (MOC2019) Platinum Sponsor. Shell Egypt announced its participation in the 10th Mediterranean offshore Conference and Exhibition (MOC 2019) as a platinum sponsor. The event will be held from the 15th […]

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Vantage

ADES International wins its second deepwater drilling contract in Egypt

Posted: October 11, 2019 at 2:29 pm   /   Oil & Gas

ADES International Holding has secured a deep-water drilling contract in the Egyptian Mediterranean area. ADES confirmed the contract award on Friday with an unnamed “top tier international oil company”. Award to be sub-contracted out to company’s joint venture with Vantage Drilling. The company said it would provide the work via Vantage Drilling’s Tungsten Explorer. The […]

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Shell

Production at Shell’s Rashid, Burullus fields rises to 290 mmcf/d in September

Posted: October 9, 2019 at 1:10 pm   /   Oil & Gas

Royal Dutch Shell’s natural gas output from the Rashid and West Nile Delta Burullus fields increased to 290 mmcf/d in September from 220 mmcf/d the previous month, an EGAS source told the local press. The company recently linked 80 mmcf/d from a newly-developed well to the natural gas grid, offsetting the field’s natural depreciation. Shell […]

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United

United Oil & Gas’ acquisition of Rockhopper to close by 4Q2019

Posted: October 8, 2019 at 3:51 pm   /   Oil & Gas

United Oil & Gas’ acquisition of Rockhopper Egypt “progressing well”: Rockhopper Exploration’s sale of its Egypt business to Irish energy company United Oil & Gas is on track to be completed by the end of 4Q2019, Rockhopper said in a statement yesterday. Rockhopper and United had signed a USD 16 million share purchase agreement in […]

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4Subsea

Subsea 7 acquires Norway’s 4Subsea in push to expand digital capability

Posted: October 3, 2019 at 12:45 pm   /   Oil & Gas

Norwegian technology and services provider 4Subsea has been acquired by UK’s subsea engineering and construction company Subsea 7 in a 100% stock buyout. The acquisition will enable further enhancement and scaling of 4Subsea’s know-how, technology, and services to a worldwide market, 4Subsea said in a statement on Thursday. 4Subsea will function autonomously within Subsea 7, […]

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