Pharos Energy conducting formal farm-out process for its Egypt assets
Pharos Energy, an oil and gas exploration and production company, has issued the following trading and operations update to summarise recent operational activities and to provide trading guidance in respect of the financial year to 31 December 2020. This is in advance of the Company’s Preliminary results. The information contained herein has not been audited […]
North Africa & Mediterranean E&P Summit showcases future energy potential in the region
Frontier will host the North Africa and Mediterranean E&P Summit on the 28th January 2021, with the support of sponsors ONHYM, TGS and Core Lab. The Maghreb-Mediterranean oil, gas and energy landscape, through its significant exploration and production plays, acreage leasing, bid rounds, company assets and portfolio growth, oil & gas discoveries, untapped potential and joint venture interests, […]
Kuwait Energy Egypt kicks off 2021 Abu Sennan drilling campaign
Kuwait Energy Egypt has commenced its 2021 drilling campaign with the spudding of the ASH-3 development well in Egypt’s Abu Sennan license on Jan. 4, said partner United Oil & Gas PLC in a Jan. 5 release. ASH-3 is a vertical well targeting the producing Alam El Bueib (AEB) reservoirs at a depth of 3,600-3,950 […]
Egypt signs Oil & Gas Exploration Agreements worth $1 billion
Egypt said it signed new agreements involving investment of about $1 billion to search for oil and natural gas in parts of the Mediterranean and Red Sea. The deals are with six international and local companies including Exxon Mobil Corp. and Chevron Corp., the state-run Middle East News Agency reported Friday, citing a statement from […]
Eni announces new oil discovery and production in Egypt’s Western Desert
New oil resources discovered in the Western Desert of Egypt with a new exploration well in Meleiha Concession. The new discovery adds 10,000 barrels of oil per day to the current Concession production. Eni announces a new oil discovery, in Meleiha Concession, in the Western Desert of Egypt. The discovery was achieved through the Arcadia […]
Energean announces completion of Edison E&P acquisition
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 […]
North Africa & Mediterranean E&P Summit to discuss future energy potential of region
The North Africa & Mediterranean E&P Summit scheduled for the 28th January 2021 showcases top-rated keynotes, deep dive sessions, panel tracks and insights from North Africa and the Mediterranean. Giving insight into the region’s oil & energy portfolio with corporate speakers, leading thinkers, policy makers and key governments with worldwide delegations participating from: Algeria, Morocco, […]
Mohamed Mounes joins Neptune Energy as Egypt Managing Director
Neptune Energy today announced Mohamed Mounes Shahat will join the company in December to take on the role of Egypt Managing Director, based in Cairo. Mounes joins Neptune from Egypt’s Ministry of Petroleum, having most recently held the position of Minister’s Advisor for Gas Affairs. With almost 40 years’ experience, Mounes has a strong technical […]
“It can’t just be business as usual” Mario Mehren, Wintershall Dea CEO
Wintershall Dea shoots for net zero emissions by 2030 German oil and gas producer pledges to cut scope 1 and 2 emissions by end of the decade German independent oil and gas company Wintershall Dea has set targets to become a net zero carbon oil and gas producer by 2030. Wintershall Dea made the announcement […]
Wintershall Dea sets climate targets: Net Zero Emissions by 2030
Net zero upstream activities by 2030. Methane intensity of total gas production to be reduced to 0.1 per cent by 2025. Around €400 million investment in energy efficiency, strict emissions management, technology development, portfolio optimization and nature-based mitigation solutions in the next ten years. The world is facing a major challenge: A growing global population and […]
