Neptune acquires Edison’s North Sea assets from Energean in $250m deal
UK operator inks conditional deal worth up to $280m for non-core E&P holdings with Energean. Energean to hive off Italian group’s Norwegian and UK projects once its purchase completed. Neptune Energy has entered into a conditional sale and purchase agreement with Energean to acquire Edison E&P’s UK and Norwegian producing, development and exploration assets for […]
Shell announces participation in MOC 2019 as Platinum Sponsor
Under The Patronage of H.E Eng Tarek El Molla, Minister of Petroleum and Mineral Resources: Shell Egypt is the 10th Mediterranean offshore Conference and Exhibition (MOC2019) Platinum Sponsor. Shell Egypt announced its participation in the 10th Mediterranean offshore Conference and Exhibition (MOC 2019) as a platinum sponsor. The event will be held from the 15th […]
WesternGeco, IHS Markit enter strategic collaboration on E&P data
WesternGeco, the seismic and geophysical data solutions division of Schlumberger, has entered a strategic collaboration with IHS Markit, a global provider of information, analytics, and solutions. The two companies will combined their data, technology and expertise on exploration and production (E&P) and make this available through the GAIA digital subsurface platform. WesternGeco launched GAIA to […]
Dana Gas considers multiple scenarios for sale of Egypt assets
Dana Gas considers multiple scenarios for sale of Egypt assets, will decide in November: Dana Gas is considering offloading remaining arrears owed to it by the Egyptian state on to whoever ends up buying its Egyptian assets, CEO Patrick Allman-Ward told the UAE’s Al-Ittihad newspaper on Wednesday. Speaking on the sidelines of the World Energy […]
Dana Gas receives offers for its $500 million Egypt portfolio of assets
The UAE’s Dana Gas has received offers from companies interested in buying its USD 500 million Egypt portfolio, the company’s head of investor relations Mohammed Mubaideen told Mubasher. The company could potentially sell all of its assets in Egypt, depending on the offers it receives, Mubaideen said, adding that the deadline to receive offers is […]
GUPCO plans to inject $1.2 billion investments in next two years
Gulf of Suez Petroleum Company (GUPCO) plans to bring total investments in the fiscal years (FY) 2019/20 and 2020/21 up to $1.2bn to expand research, exploration, and development activities. The company aims to drill 13 new wells and carry out 12 repair operations, which will contribute to increasing production to targeted rates. Geologist Khaled Hamdan, […]
Korea National Oil Corporation looks to increase its investment in Egypt
Korea National Oil Corporation is looking to increase its investment in Egypt and raise crude production from 12k barrels per day currently, the Oil Ministry announced in a statement. CEO Su Yeong Yang said during a meeting with Oil Minister Tarek El Molla on Tuesday that the company is interested in bidding for new exploration […]
NS Energy: Will the LNG market in Egypt realise its potential in 2019?
After recently becoming a net exporter of LNG, Egypt is looking to take its natural gas market to new heights following a series of key discoveries. The LNG market in Egypt has been mired in uncertainty for much of this millennium but over the course of 2019, it has gradually started gaining traction. A plethora […]
ExxonMobil considers logistics support center in Damietta Port
ExxonMobil Probes Potentials for Oil & Gas Services in Damietta Port. Damietta Port Authority (DPA) Chairman, Cpt. Tarek Shahin met with ExxonMobil delegation to discuss their interest in exploring the possibility to establish a logistic support center in Damietta Port for servicing oil and gas fields. Both sides looked over port capabilities particularly its unique […]
Eni World Oil Review: Global oil reserves increased 0.4% in 2018
Eni SPA has released the 18th edition of its World Oil Review, which is the first volume of the report, World Oil, Gas & Renewables Review. The WOR is devoted to oil reserves, supply, demand, trade, and prices with a special focus on crude oil quality and the refining industry. The second volume, the World […]
