1:01 pm ADES International awarded new offshore drilling rig contract in Egypt
12:51 pm Egypt announces the launch of its first giant oil tanker at Port Said
12:40 pm China’s Silk Road Fund acquires 49% stake in ACWA Power’s renewables unit
12:03 am Wintershall Dea supports Petroleum Sector’s Blood Donation Campaign
1:30 pm Energean submits final offer for Edison’s Oil & Gas assets
1:23 pm Total considers expanding exploration in West Mediterranean, Red Sea
TransGlobe SGZ-6X discovery due on stream in new development lease
TransGlobe Energy Corp., Calgary, plans to bring its South Ghazalat (SGZ)-6X discovery in Egypt’s Western Desert on production at an initial rate of 1,000 b/d of 34° gravity crude oil in this year’s fourth quarter […]
ADES International achieves strong Q1-2019 operational growth
ADES International, oil and gas drilling and production company, said it saw a strong operational performance in the first quarter as the company won new contracts and rig utilisation rose. The company said revenue in […]
BP nears sale of its stake in GUPCO to Dragon Oil for over $600 million
BP is nearing the sale of its stake in a major Egyptian oil and gas company to Dubai-based Dragon Oil for over $600 million, industry and banking sources said. The sale, which is expected to […]
TGS and Spectrum execute merger agreement and plan
With reference to announcements on 2 May 2019, TGS-NOPEC Geophysical Company and Spectrum have announced that their respective board of directors have unanimously approved and decided upon a final merger agreement and merger plan in […]
Egypt offers 13 LNG cargoes for June-July Idku loading – sources
Egypt’s natural gas company (EGAS) has offered up to 13 liquefied natural gas (LNG) cargoes for loading from the Idku plant over June and July, industry sources said on Wednesday. The cargoes were offered through […]
Maersk Drilling secures work for three offshore rigs
Maersk Drilling has signed two new contracts and one contract extension since the end of 1Q 2019. One firm three-year contract is with Inpex Australia for the ultra-deepwater semisubmersible Mærsk Deliverer, starting in 2Q 2020, […]
SDX Energy Chief Executive Officer Paul Welch resigns
Boss of North Africa-focused junior resigns: UK junior SDX Energy is on the hunt for a new chief executive after Paul Welch quit. The London-listed player, which focuses on Egypt and Morocco, said on Friday […]
August cut-off point for Egypt’s Red Sea Offshore Bid Round
Egypt’s Ministry of Petroleum and Mineral Resources is offering 10 exploration blocks in the Red Sea close to established hydrocarbon production. Closing date for submission of bids is Aug. 1. TGS is supporting the licensing round […]
Maridive & Oil Services secures new contract in Mexico worth $27 million
The contract will serve to diversify the Group’s revenue streams and bolster its growing backlog. Maridive & Oil Services Co., one of the largest private offshore marine and oil support services providers in the MENA […]
TGS acquires Spectrum to create leading multi-client geophysical data provider
Creating a leading multi-client geophysical data provider in all major mature and frontier basins world-wideTransaction establishes fourth main revenue generating hub and fits well with strategic ambition of growing exposure towards South AtlanticSpectrum owns the […]
