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Oil & Gas
Total

B Investments to sell 20% of its stake in Total Egypt’s downstream business

Posted: August 5, 2020 at 2:15 pm   /   Oil & Gas

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 […]

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Tarek-el-molla

Egypt’s IOC arrears fall to $850 million at end of June – El Molla

Posted: August 4, 2020 at 12:46 pm   /   Oil & Gas

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 […]

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Eni Bashrush

Eni: Bashrush discovery offshore Egypt tested with success

Posted: July 28, 2020 at 3:20 pm   /   Oil & Gas

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 […]

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SW Meleiha

Eni announces new oil discovery at SW Meleiha, in Egypt’s Western Desert

Posted: July 28, 2020 at 3:17 pm   /   Oil & Gas

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 […]

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Sumed

Global oil demand slump hits Egypt’s SUMED pipeline

Posted: July 28, 2020 at 2:58 pm   /   Oil & Gas

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 […]

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MEES Chevron

MEES: Chevron arrows in on East Med with $5bn Noble Energy takeover

Posted: July 28, 2020 at 2:52 pm   /   Oil & Gas

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 […]

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chevron

Chevron agrees to acquire Noble Energy in $13 billion deal

Posted: July 21, 2020 at 3:07 pm   /   Oil & Gas

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 […]

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shell

Carlyle, Cairn-backed group, Dragon Oil in running to acquire Shell Egypt onshore assets

Posted: July 16, 2020 at 2:47 pm   /   Oil & Gas

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 […]

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MEES Bashrush

Nile Delta’s Bashrush gas well reserves estimated to be 250 bn cubic feet

Posted: July 16, 2020 at 12:00 pm   /   Oil & Gas

(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 […]

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wepco

WEPCO to link 2 new wells to production line for $12 mn

Posted: July 16, 2020 at 11:55 am   /   Oil & Gas

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 […]

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