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Tag: Edison
Wintershall Dea

Wintershall Dea expands interest in the Algerian Reggane Nord gas project

Posted: May 6, 2022 at 3:25 pm   /   Oil & Gas

Agreement to acquire additional 11.25% participating interest from Edison Decision is part of plan to grow in Algeria Country with major potential for an enhanced energy partnership with Europe Wintershall Dea continues to strengthen its presence in Algeria. As of 4 May, the company has entered into a sale and purchase agreement to acquire Edison’s […]

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Energean

Energean plc announces its 2020 Financial and Operating Results

Posted: April 22, 2021 at 2:08 pm   /   Oil & Gas

Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce its audited full-year results for the year ended 31 December 2020 (“FY 2020”). Despite the challenges of 2020, Energean was able to report extraordinary achievements that are going to reinforce the company’s position and open new expansion […]

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Signing Edison E&P Acquisition Photo

Energean announces completion of Edison E&P acquisition

Posted: December 19, 2020 at 11:48 am   /   Oil & Gas

Energean plc announced that it has completed its acquisition of Edison Exploration & Production S.p.A. (“Edison E&P“) from Edison S.p.A. (“Edison“). The gross consideration* for the transaction, as at the locked box date of 1 January 2019, is $284 million and the final net consideration (net of cash acquired) is 203 million. The enlarged group […]

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Energean Power FPSO

Energean’s H1 2020 results: Strong performance with 52.1 kboed production

Posted: September 10, 2020 at 1:01 pm   /   Oil & Gas

Strong performance in 1H 2020 with 52.1 kboed pro forma production – pro forma $177million revenue, $66 million operating cash flow, $350 million capex reduction. Energean has today announced HY results for the period ended 20 June 2020. The highlights include: Combined business pro forma production was 52.1 kboed, compared with full year guidance of […]

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egypt-parliament

Egypt’s House of Representatives approves 12 Oil & Gas E&P Agreements

Posted: July 7, 2020 at 8:11 pm   /   Oil & Gas

The Egyptian oil minister, Tarek el Molla, has announced the signing of 12 agreements with international companies for the search for oil and gas in the Red Sea, in the Western Desert and in the exclusive economic zone (EEZ) in the eastern and western Mediterranean with investments up to to a billion dollars and signing […]

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World-Map-Energean

Energean plc announces revised terms of Edison E&P acquisition deal

Posted: June 29, 2020 at 7:29 pm   /   Oil & Gas

Energean plc, the oil and gas producer focused on the Mediterranean, issues an update on its Edison E&P transaction and revised group guidance. Further to the announcement on 19 May 2020, Energean is pleased to announce that it has entered into further amended terms for its acquisition of Edison E&P following which, inter alia, the […]

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Cabinet

Egypt’s Cabinet ratifies 12 oil & gas agreements worth over $1 billion

Posted: June 22, 2020 at 1:03 pm   /   Oil & Gas

Cabinet has ratified twelve oil and gas agreements the Oil Ministry signed with international companies in February, the ministry said in a statement. Companies including Royal Dutch Shell, Chevron, BP, Total, Noble Energy will invest upwards of USD 1 bn in concession areas in the Mediterranean, the Red Sea, and the Western Desert. The House […]

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North Thekah

Edison successfully completes Ameeq 1-X exploration well offshore Egypt

Posted: June 2, 2020 at 8:51 pm   /   Oil & Gas

Edison Exploration & Production announces successful completion of Ameeq 1-x exploration well in the Eastern Mediterranean waters of Egypt. The well, located in the North Thekka Concession in which Edison Exploration & Production holds 100% operators rights, was drilled by Maersk Discoverer semi-sub in water depth of 985 meters, reaching the final TD of 5670.5m […]

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PSW

PSW mobilizes capping stack for Edison’s Ameeq-1X deepwater well offshore Egypt

Posted: May 13, 2020 at 5:00 pm   /   Oil & Gas

PSW Group’s capping stack division has completed its first international operation, for a deepwater well offshore Egypt. Edison’s E&P Ameeq-1X was the company’s first well on its North Thekah concession, 130 km (81 mi) offshore from the Nile Delta. PSW, working with Edison’s emergency response team, prepared logistics and response plans to mobilize and deploy […]

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Energean FPSO Hull

Energean Power FPSO hull sailed away from China to Singapore

Posted: April 5, 2020 at 8:58 pm   /   Oil & Gas

Karish Project Update – FPSO Hull Sailaway from China: Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announced that its FPSO hull sailed away from the COSCO yard in China on 3 April 2020. The hull will now be towed to the Sembcorp Marine Admiralty Yard […]

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