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Tag: Exploration & Production
dragon-oil

Dragon Oil to finalise acquisition in Egypt in next 3 to 4 months

Posted: April 12, 2019 at 9:35 am   /   Oil & Gas

In an exclusive interview with Oil & Gas Middle East, Dragon Oil CEO Ali Al Jarwan revealed the company’s progress on its $13bn expansion plans. Dragon Oil, the exploration and production arm of Emirates National Oil Company (ENOC), will finalise an acquisition in Egypt in the next three to four months, CEO Ali Al Jarwan […]

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Shell

Shell appoints Khaled Kassem as Egypt Chairman, Managing Director

Posted: April 8, 2019 at 10:21 pm   /   Oil & Gas

Royal Dutch Shell has appointed Khaled Kassem to head its Egypt business, the company said on Sunday. Tunisian Kassem was named as chairman and managing director in Egypt, starting in May. He replaces Gasser Hanter. Kassem was previously head of Shell’s Tunisia business. (Source: Reuters)

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SOCO

SOCO International completes acquisition of Merlon El Fayum Petroleum Company

Posted: April 5, 2019 at 4:45 pm   /   Oil & Gas

Further to the Company’s announcement on 29 March 2019, SOCO has announced the completion of the acquisition of Merlon Petroleum El Fayum Company from Merlon International. As previously announced, SOCO agreed to acquire Merlon in consideration for approx. US$136 million in cash and the issue of 65,561,041 new SOCO ordinary shares to the Seller. Prior […]

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Scimitar

Scimitar Production Egypt acquired by Dutch Inpector Capital BV

Posted: April 2, 2019 at 11:19 am   /   Oil & Gas

Inpector Capital BV acquired Scimitar Production Egypt Ltd., gaining a foothold in Egypt’s oil, gas and energy sectors. Inpector is well prepared to conduct long term projects, Corné Melissen, the company’s spokesman said, underlining his full confidence in the new management team of Scimitar. The company appointed Erik Vollebregt as Executive Chairman of Scimitar Production Egypt. […]

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Egypt USA

El Molla: New form of exploration agreement for Red Sea Bid Round

Posted: October 28, 2018 at 3:18 pm   /   Oil & Gas

The Ministry of Petroleum has finalised the form of the new petroleum agreements, to be included in the first tender for natural gas exploration in the Red Sea. The tender is scheduled to be launched at the end of 2018. The new agreement form includes incentive clauses for the foreign investor, most notably the increase […]

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David Chi

Apache’s investment in Egypt exceeded $1 billion in 2018 – David Chi

Posted: October 28, 2018 at 3:13 pm   /   Oil & Gas

David Chi, Vice-President and General Manager of Apache Egypt, said the company’s investments in the Egyptian petroleum sector exceeded USD 1 billion in 2018. In statements to MENA on Thursday on the fringe of a symposium organized by the Egyptian American Chamber of Commerce, Chi said the company is confident in the economic reforms which […]

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SDX

SDX Energy ends talks with BP over the sale of Egyptian assets

Posted: October 18, 2018 at 3:26 pm   /   Oil & Gas

SDX Energy and BP mutually agree to end discussions which could have see SDX buy a package of assets. SDX Energy, the North Africa focused oil and gas company, has announced that, further to the announcement made on 20 September 2018, discussions regarding its proposed acquisition of a significant package of assets in Egypt from […]

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Bloomberg Markets

Egypt planning new Oil & Gas production contracts to attract investors

Posted: October 18, 2018 at 12:58 pm   /   Oil & Gas

New, simpler terms for exploration in country’s frontier areas. Egypt seeks investment as it targets gas shipments to Europe. Egypt is working on a new model for future oil and natural gas production contracts in undeveloped areas to spur exploration and help become self-sufficient in energy, oil ministry and company officials said. The most populous […]

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UEG-KEC

United Energy to raise Egypt investment, participate in upcoming Bid Rounds

Posted: October 18, 2018 at 12:37 pm   /   Oil & Gas

Petroleum Minister Tarek Molla welcomed plans of China’s United Energy Group to invest in Egypt for the first time. The company expressed desire to take part in international tenders in Egypt in view of promising investments in oil exploration in the country. Molla made the remarks during a meeting on Wednesday with a delegation from […]

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Dragon Oil

Egypt part of Dragon Oil’s $500 million regional investment budget?

Posted: October 14, 2018 at 6:52 pm   /   Oil & Gas

Egypt in line for a chunk of Dragon Oil’s USD 500 million regional investment budget? Emirates National Oil Company (ENOC) subsidiary Dragon Oil is planning to invest about USD 500 million next year in oil and gas assets as part of an international expansion strategy to boost its production to 300k bbl/d of oil by […]

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