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Oil & Gas

Huawei Technologies Partners with “EVACO” to Provide Latest Energy Technologies and Enhance Operational Efficiency

Posted: February 17, 2022 at 8:00 pm   /   Oil & Gas

On the sideline of “EGYPS 2022” Petroleum show, Huawei, the world pioneer in information and communication technology solutions, has signed a cooperation agreement with the Egyptian Petroleum Services Company & Valves Production (EVACO), as part […]

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Six European banks to provide $1.5 bn finance for Assiut refinery’s new mazut hydrocracking complex

Posted: February 17, 2022 at 7:53 pm   /   Oil & Gas

Several of Europe’s biggest banks are providing us with USD 1.5 bn to finance the construction of the new mazut hydrocracking complex at the Assiut refinery, the Oil Ministry said in a statement yesterday. A syndicate of six […]

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Dragon Oil

UAE’s Dragon makes huge 100 mn oil barrel discovery in Gulf of Suez

Posted: February 16, 2022 at 1:46 pm   /   Oil & Gas

Dragon Oil strikes for the first time — and strikes big — in Suez concessions: Emirates National Oil Company (ENOC) subsidiary Dragon Oil has discovered a 100-mn-barrel oil field in the Gulf of Suez concessions it acquired from […]

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shearwater conoco

Shearwater enters strategic technology collaboration with ConocoPhillips

Posted: February 13, 2022 at 1:42 pm   /   Oil & Gas

Shearwater GeoServices Holding AS, (“Shearwater”) announces a technology sale and transfer agreement between its US subsidiary Shearwater GeoServices Software Inc. and ConocoPhillips Company (“ConocoPhillips”), involving seismic imaging technology that will be implemented in Shearwater’s Reveal […]

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Shell Lubricants renews contract with Centamin’s Sukari Gold Mine for 5 years

Posted: February 9, 2022 at 7:19 pm   /   Oil & Gas

Shell Lubricants, a subsidiary of Shell Egypt, renewed its contract with the Australian gold mining company Centamin to supply lubricants to its Egyptian subsidiary El-Sukari Gold Mine (SGM) for an additional five years till 2026, […]

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Wintershall Dea

Wintershall Dea divests its interest in the Gulf of Suez concession

Posted: February 3, 2022 at 3:40 pm   /   Oil & Gas

Transfer of interest to the Egyptian General Petroleum Corporation after 38 years of efficient production.Proud history in Egypt will continue.Stronger focus on production of natural gas. As of 1st January 2022, after 38 years of […]

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PGS releases new 3D GeoStreamer seismic data for Mediterranean Sea in Egypt

Posted: February 2, 2022 at 1:09 pm   /   Oil & Gas

PGS has added five 3D seismic surveys to its data library offshore Egypt, to create new broadband 3D coverage of more than 18,700 sq km in recently awarded nearshore license blocks. Time-migrated data is available now, while final […]

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SDX announces proposed disposal of 33% of South Disouq for $5 million

Posted: February 2, 2022 at 12:57 pm   /   Oil & Gas

AIM-listed SDX Energy, the MENA-focused oil and gas company, has announced the proposed disposal of 33% of the shares in the entity that holds its interests across its South Disouq concession and its intention to initiate a share buyback program […]

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Kuwait Energy Egypt

Kuwait Energy Egypt celebrates the opening of five clinics at Ras Gharib

Posted: January 29, 2022 at 11:34 pm   /   Oil & Gas

Kuwait Energy Celebrates the Grand Opening of the Five newly Fully constructed and equipped medical clinics for Maternity and childhood units to serve 75,000 people at Ras Gharib. In response to the urgent call to […]

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Tarek El Molla

New oil and gas exploration bid round coming in 1H2022 – El Molla

Posted: January 26, 2022 at 2:12 pm   /   Oil & Gas

New oil and gas exploration rights will be up for grabs in 1H2022. The government plans to launch a new global tender for oil and gas exploration before June, Bloomberg Asharq reported Oil Minister Tarek El Molla as […]

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