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Oil & Gas
Gupco BP

BP divests its Gulf of Suez mature oil concessions in Egypt to Dragon Oil

Posted: June 3, 2019 at 5:47 pm   /   Oil & Gas

BP to divest mature oil assets in Egypt to Dragon Oil. BP has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dragon Oil, the Dubai-based oil and gas company.  […]

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West Med

Egypt to offer 11 blocks in West Mediterranean Bid Round by Q1-2020

Posted: May 30, 2019 at 12:15 pm   /   Oil & Gas

EGAS plans fresh WestMed gas exploration tender: The Egyptian Natural Gas Holding Company (EGAS) plans to put some 11 natural gas exploration blocks in the western Mediterranean up for auction by 1Q2020, a source from […]

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TransGlobe Western Desert

TransGlobe SGZ-6X discovery due on stream in new development lease

Posted: May 30, 2019 at 12:10 pm   /   Oil & Gas

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 […]

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ADES

ADES International achieves strong Q1-2019 operational growth

Posted: May 28, 2019 at 4:30 pm   /   Oil & Gas

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 […]

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BP

BP nears sale of its stake in GUPCO to Dragon Oil for over $600 million

Posted: May 25, 2019 at 9:34 pm   /   Oil & Gas

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 […]

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TGS

TGS and Spectrum execute merger agreement and plan

Posted: May 21, 2019 at 4:53 pm   /   Oil & Gas

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 […]

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LNG

Egypt offers 13 LNG cargoes for June-July Idku loading – sources

Posted: May 18, 2019 at 3:02 pm   /   Oil & Gas

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 […]

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Maersk Discoverer

Maersk Drilling secures work for three offshore rigs

Posted: May 17, 2019 at 3:58 pm   /   Oil & Gas

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, […]

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Paul Welch

SDX Energy Chief Executive Officer Paul Welch resigns

Posted: May 17, 2019 at 3:53 pm   /   Oil & Gas

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 […]

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Red Sea

August cut-off point for Egypt’s Red Sea Offshore Bid Round

Posted: May 11, 2019 at 10:31 pm   /   Oil & Gas

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 […]

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