2:15 pm B Investments to sell 20% of its stake in Total Egypt’s downstream business
12:50 pm Lekela Power plans directing “most” of its investments to Egypt
12:46 pm Egypt’s IOC arrears fall to $850 million at end of June – El Molla
3:20 pm Eni: Bashrush discovery offshore Egypt tested with success
3:17 pm Eni announces new oil discovery at SW Meleiha, in Egypt’s Western Desert
3:09 pm Private Equity firm Actis to make new renewables acquisition this year
B Investments to sell 20% of its stake in Total Egypt’s downstream business
B Investments is in talks to offload a fifth of its holdings in Total Egypt’s downstream operations: B Investments has entered talks with Total Egypt to sell 20% of its holdings in the company, it […]
Egypt’s IOC arrears fall to $850 million at end of June – El Molla
Egypt’s arrears to international oil companies fell to USD 850 mn at the end of June, down from USD 900 mn a year earlier, despite the financial pressure caused by the covid-19 pandemic, Oil Minister […]
Eni: Bashrush discovery offshore Egypt tested with success
Eni: Bashrush discovery, in North El Hammad concession in Mediterranean Sea of Egypt, tested with success. Eni (as the Operator of the Block), bp and Total (as Contractor members) have successfully tested the well drilled […]
Eni announces new oil discovery at SW Meleiha, in Egypt’s Western Desert
Eni announces the discovery of new oil resources in the Western Desert of Egypt with a new exploration well in the South West Meleiha Concession. Production in the Concession started just one year ago and […]
Global oil demand slump hits Egypt’s SUMED pipeline
Egypt’s Sumed oil pipeline is feeling the effects of the global demand slump: Egypt’s Sumed pipeline has recently been operating at only a quarter of its capacity due to a historic slump in global demand […]
MEES: Chevron arrows in on East Med with $5bn Noble Energy takeover
US major Chevron is expanding in the “prolific Eastern Med” with the $5bn acquisition of compatriot Noble Energy. The highlight of the deal is a 40% operator’s stake in the region’s largest gas field, Israel’s […]
Chevron agrees to acquire Noble Energy in $13 billion deal
Chevron has entered an agreement to acquire Noble Energy under an all-stock transaction valued at $13 billion. Noble will add low-cost, proved reserves and attractive undeveloped resources to the group’s upstream portfolio, including low-capital, cash-generating […]
Carlyle, Cairn-backed group, Dragon Oil in running to acquire Shell Egypt onshore assets
Private equity firm Carlyle Group and a consortium backed by Cairn Energy are in the running to acquire Shell’s onshore assets in Egypt, Reuters reports, citing two sources with knowledge of the matter. Previous reports […]
Nile Delta’s Bashrush gas well reserves estimated to be 250 bn cubic feet
(Photo Courtesy of MEES) Reserves at the Bashrush exploration well in the Nile Delta have been estimated to be around 250 bn cubic feet of natural gas, Masrawy reports, citing an unnamed official at the […]
WEPCO to link 2 new wells to production line for $12 mn
WEPCO to add 2 new drilling wells to production line for USD 12 mn The Western Desert Operating Petroleum Co. (WEPCO) will add two new drilling wells to its production line which includes the Badr-1 […]
